Showing 1 - 10 of 19
A central challenge in asset pricing is the weak connection between stock returns and observable economic fundamentals. We provide evidence that this connection is stronger than previously thought. We use a modified version of the Bry-Boschan algorithm to identify long-run swings in the stock...
Persistent link: https://www.econbiz.de/10011145407
We examine the effect of close ties with the NSDAP on the stock price of listed firms in 1932-33. We consider not only links between the National Socialists and executives, as was common in earlier work, but also with supervisory board members – whose importance is hard to overestimate in the...
Persistent link: https://www.econbiz.de/10005788980
-advertising families. At the family level, flows have a convex relation with advertising expenditures, similar to that for performance … redemptions rather than increasing purchases of fund shares. We further find that advertising can affect the fund’s flow-performance …
Persistent link: https://www.econbiz.de/10011145467
cases, trust-related active share delivers superior performance, whereas the economic magnitude is larger for cross …
Persistent link: https://www.econbiz.de/10011196025
bookmaker data. We find that, after the head-coach has been replaced, teams perform better than before. However, the performance … replacement of head-coaches does not improve team performance. …
Persistent link: https://www.econbiz.de/10011083836
to scale, we find evidence of industry-level decreasing returns: The positive turnover-performance relation weakens when …
Persistent link: https://www.econbiz.de/10011083863
teams and run for an hour. This allows us not only to study the individual relationship between age and performance but also … performance goes down with age, although the speed-age gradient is rather flat. Group performance goes down with age as well, but … interestingly a counterbalancing force emerges, namely team dynamics that are driven by performance of runners who enter and leave. …
Persistent link: https://www.econbiz.de/10011083960
available hedge fund databases. Tracking changes to statements of historical performance recorded at different points in time … performance histories significantly and predictably underperform those that have never revised, suggesting that unreliable …
Persistent link: https://www.econbiz.de/10011084298
This paper addresses a lack of evidence on the impact of performance pay in the public sector by evaluating a pilot … targets, measured with varying degrees of precision. We use data from the agency’s performance management system and personnel … records plus matched labour market data. We focus on three main issues: whether performance pay matters for public service …
Persistent link: https://www.econbiz.de/10011084487
Using a tried and tested measure of management practices which has been shown to predict firm performance, we survey … incentives for staff recruitment, retention and promotion, are correlated with both teaching and research performance conditional … on resources and past performance. Moreover, this relationship holds for all universities, not just research …
Persistent link: https://www.econbiz.de/10011084536