Money managers are rewarded for increasing the value of assets under management, and predominantly so in the mutual …

Money managers are rewarded for increasing the value of assets under management, and predominantly so in the mutual …

ownership is associated with improved future performance. Almost half of all managers have ownership stakes in their funds …

about fundamentals to investors and managers. First, we show that the informational feedback between the firm's share price … that explicitly linking managerial compensation to share prices gives managers an incentive to manipulate the firm …'s decisions to their own benefit. The managers take advantage of shareholders by taking excessive investment risks when the market …

. Contrary to initial expectations, managers of SOEs have engaged in significant adjustment activities. We argue that such …

managerial incentives affect both the mean and dispersion of workers’ productivity through two channels. First, managers respond … increase. Second, managers select out the least able workers, implying that the mean increases but the dispersion may decrease … of worker productivity. Analysis of individual level productivity data shows that managers target their effort towards …

'informationally efficient' prices in the economy, have no direct role in the allocation of equity capital since managers have … efficiency? We present a model of the stock market in which: (i) managers have discretion in making investments and must be given … the right incentives; and (ii) stock market traders may have important information that managers do not have about the …

We present evidence on the effect of social connections between workers and managers on productivity in the workplace … workers managed. We find that when managers are paid fixed wages, they favor workers to whom they are socially connected …