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How much knowledge should leaders have of their organization's core business? This is an important question but not one that has been addressed in the management literature. In a new 'theory of expert leadership' (TEL), this paper blends conceptual work with recent empirical evidence. It...
Persistent link: https://www.econbiz.de/10011279304
that financial markets either do or do not under-estimate female CEOs. …
Persistent link: https://www.econbiz.de/10005762168
We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … are about 5 to 7 percent lower in unionized firms. (3) For CEOs the effects are larger: a 10 percent increase in … unionization reduces the pay of CEOs by 2.5 percent or more. …
Persistent link: https://www.econbiz.de/10005233814
Many empirical questions in economics and other social sciences depend on causal effects of programs or policies. In the last two decades much research has been done on the econometric and statistical analysis of the effects of such programs or treatments. This recent theoretical literature has...
Persistent link: https://www.econbiz.de/10005822300
effects is based on a selection-on-observables assumption, non-causality amounts to the conditional independence of outcomes … a time series setting. This leads to a generalized definition of Sims (1980) causality. A technical contribution is the …
Persistent link: https://www.econbiz.de/10005822414
commuting time has any effect on worker's labour market supply. Using the Spanish Time Use Survey 2002-03, our GMM/IV estimation …
Persistent link: https://www.econbiz.de/10008855350
This paper reviews the problems and potential benefits of integrating personality psychology into economics. Economists have much to learn from and contribute to personality psychology.
Persistent link: https://www.econbiz.de/10009278194
Haavelmo's seminal 1943 paper is the first rigorous treatment of causality. In it, he distinguished the definition of … Acyclic Graphs (DAG) used in one influential recent approach to causality (Pearl, 2000) and in the related literature on … causality, a central contribution of Haavelmo (1944). In general cases, DAGs cannot be used to analyze models for simultaneous …
Persistent link: https://www.econbiz.de/10010766377
There exists a strong educational gradient in cancer risk, which has been documented in a wide range of populations. Yet relatively little is known about the extent to which education is causally linked to cancer incidence and mortality. This paper exploits a large social experiment where an...
Persistent link: https://www.econbiz.de/10010744655
Estimators of average treatment effects under unconfounded treatment assignment are known to become rather imprecise if there is limited overlap in the covariate distributions between the treatment groups. But such limited overlap can also have a detrimental effect on inference, and lead for...
Persistent link: https://www.econbiz.de/10011125869