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MBA CEOs, short-term management and performance

Miller, Danny; Xu, Xiaowei - In: Journal of business ethics : JOBE 154 (2019) 2, pp. 285-300

Persistent link: https://www.econbiz.de/10011988968

Deals versus rules : policy implementation uncertainty and why firms hate it

Hallward-Driemeier, Mary - 2010

"Firms in Africa report "regulatory and economic policy uncertainty" as a top constraint to their growth. We argue that often firms in Africa do not cope with policy rules, rather they face deals; firm-specific policy actions that can be influenced by firm actions (e.g. bribes) and...

Persistent link: https://www.econbiz.de/10011394615

Rethinking the ethics of corporate political activities in a post-citizens united era : political equality, corporate citizenship, and market failures

Néron, Pierre-Yves - In: Journal of business ethics : JOBE 136 (2016) 4, pp. 715-728

Persistent link: https://www.econbiz.de/10011533095

What Purpose Do Corporations Purport? Evidence from Letters to Shareholders

Rajan, Raghuram Govind; Ramella, Pietro; Zingales, Luigi - National Bureau of Economic Research - 2023

find goal announcements are associated with management's responses to the firm's (possibly changed) circumstances, with the … changing power and preferences of key constituencies, as well as from management's attempts to deflect scrutiny. While … announced opportunistically to deflect attention and alleviate pressure on management …

Persistent link: https://www.econbiz.de/10014247976

Modeling Managers As EPS Maximizers

Ben-David, Itzhak; Chinco, Alexander M. - National Bureau of Economic Research - 2023

Textbook theory assumes that firm managers maximize the net present value of future cash flows. But when you ask them, real-world firm managers consistently say that they are maximizing something else entirely: earnings per share (EPS). Perhaps this is a mistake. No matter. We take firm managers...

Persistent link: https://www.econbiz.de/10014250143

Private Sanctions

Hart, Oliver D.; Thesmar, David; Zingales, Luigi - National Bureau of Economic Research - 2022

We survey a representative sample of the U.S. population to understand stakeholders' desire to see their firms exit Russia after the invasion of Ukraine. 61% of respondents think that firms should exit Russia, regardless of the consequences. Only 37% think that leaving Russia is a purely...

Persistent link: https://www.econbiz.de/10013477220

Corporate Decision-Making under Uncertainty : Review and Future Research Directions

Campello, Murillo; Kankanhalli, Gaurav - National Bureau of Economic Research - 2022

ranging across corporate investment, asset base composition, innovation, liquidity management, payouts, and mergers. Our …

Persistent link: https://www.econbiz.de/10013477225

ChatGPT and Corporate Policies

Jha, Manish; Qian, Jialin; Weber, Michael; Yang, Baozhong - National Bureau of Economic Research - 2024

We create a firm-level ChatGPT investment score, based on conference calls, that measures managers' anticipated changes in capital expenditures. We validate the score with interpretable textual content and its strong correlation with CFO survey responses. The investment score predicts future...

Persistent link: https://www.econbiz.de/10014486252

What Do Shareholders Want? Consumer Welfare and the Objective of the Firm

Ericson, Keith M. Marzilli - National Bureau of Economic Research - 2024

Shareholders want a firm's objective function to place some weight on consumer welfare, motivated by both self-interested and altruistic motivations. Firms have a unique technology for improving consumer welfare: lowering inefficient price markups, which increases consumer welfare more than it...

Persistent link: https://www.econbiz.de/10014468264

Trade, Innovation and Firm Financing

Bergin, Paul R.; Feng, Ling; Lin, Ching-Yi - National Bureau of Economic Research - 2024

While the trade literature has tended to view export activity and innovation as complementary activities, we present evidence that financial constraints are a reason the two activities can act as substitutes for small exporters. In particular, we find that small exporters have lower expenditure...

Persistent link: https://www.econbiz.de/10015072846

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