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Unions And The Labour Market For Managers

Dinardo, John; Hallock, Kevin F; Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 2000

We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …

Persistent link: https://www.econbiz.de/10005666977

What Do CEOs Do?

Bandiera, Oriana; Guiso, Luigi; Prat, Andrea; Sadun, … - C.E.P.R. Discussion Papers - 2011

We develop a methodology to collect and analyze data on CEOs' time use. The idea - sketched out in a simple theoretical … the presence of governance issues. We follow 94 CEOs of top-600 Italian firms over a pre-specified week and record the … of the firm) and outsiders (people not employed by the firm). Individual CEOs differ systematically in how much time they …

Persistent link: https://www.econbiz.de/10008854509

Diagnosing Discrimination: Stock Returns and CEO Gender

Wolfers, Justin - C.E.P.R. Discussion Papers - 2006

, prejudice, or systematically biased beliefs about the ability of female managers. Disentangling these theories would require … data on productivity, on the preferences of those who interact with managers, and on perceptions of productivity. Financial … that financial markets either do or do not under-estimate female CEOs. …

Persistent link: https://www.econbiz.de/10005661539

Globalization and the 'New Enterprise'

Marin, Dalia; Verdier, Thierry - C.E.P.R. Discussion Papers - 2002

Globalization has been identified by many experts as a new way firms organize their activities. This Paper surveys recent work that examines the role of trade integration between similar and dissimilar countries for these changes in corporate organization. It is shown that international...

Persistent link: https://www.econbiz.de/10005662173

Firms' Decisions on Where to Incorporate

Bebchuk, Lucian Arye; Cohen, Alma - C.E.P.R. Discussion Papers - 2002

This Paper empirically investigates the decisions of US publicly traded firms on where to incorporate. We study the features of states that make them attractive to incorporating firms and the characteristics of firms that determine whether they incorporate in or out of their state of location....

Persistent link: https://www.econbiz.de/10005123946

Enterprise Restructuring in Transition: A Quantitative Survey

Djankov, Simeon; Murrell, Peter - C.E.P.R. Discussion Papers - 2002

We survey the empirical literature analysing the process of enterprise restructuring in transition economies. The survey provides new insights into the relative effectiveness of different reform policies, and into how this effectiveness varies across regions. We study the effects of...

Persistent link: https://www.econbiz.de/10005504282

Managerial Power and Rent Extraction in the Design of Executive Compensation

Bebchuk, Lucian Arye; Fried, Jesse; Walker, David I - C.E.P.R. Discussion Papers - 2002

constraints that act on these processes, leave managers with considerable power to shape their own pay arrangements. Examining the …

Persistent link: https://www.econbiz.de/10005114260

Executive Compensation as an Agency Problem

Bebchuk, Lucian Arye; Fried, Jesse - C.E.P.R. Discussion Papers - 2003

instrument for addressing the agency problem between managers and shareholders but also as part of the agency problem itself … managers. As a result, managers wield substantial influence over their own pay arrangements, and they have an interest in … reducing the saliency of the amount of their pay and the extent to which that pay is de-coupled from managers’ performance. We …

Persistent link: https://www.econbiz.de/10005662270

Matching Firms, Managers, and Incentives

Bandiera, Oriana; Guiso, Luigi; Prat, Andrea; Sadun, … - C.E.P.R. Discussion Papers - 2009

We provide evidence on the match between firms, managers and incentives using a new survey designed for this purpose … managers are heterogeneous. Following the sources of heterogeneity observed in the data, we assume that firms differ by … than non-family firms. Managers differ in their degree of risk aversion and talent. The entry of firms and managers, the …

Persistent link: https://www.econbiz.de/10005662350

Female Managers and their Wages in Central Europe

Jurajda, Stepan; Paligorova, Teodora - C.E.P.R. Discussion Papers - 2006

based on a matching procedure. Only 7% of top-level Czech managers are women and their wages are about 20 percent lower even …

Persistent link: https://www.econbiz.de/10005791532