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CEO Compensation and Cash-Flow Shocks : Evidence from Changes in Environmental Regulations
Choi, Seungho; Levine, Ross; Park, Jonghyeon; Xu, Simon - National Bureau of Economic Research - 2024
This paper investigates how shocks to expected cash flows influence CEO incentive compensation. Exploiting changes in compliance with environmental regulations as shocks to expected future cash flows, we find that adverse shocks typically prompt corporate boards to recalibrate CEO compensation...
Persistent link: https://www.econbiz.de/10014486193
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What Gets Measured Gets Managed : Investment and the Cost of Capital
He, Zhiguo; Liao, Guanmin; Wang, Baolian - National Bureau of Economic Research - 2022
-owned enterprise (SOE) performance evaluation policy. To improve capital allocative efficiency, in 2010, regulators switched from using … return on equity (ROE) to economic value added (EVA) when evaluating SOE performance. This EVA policy adopts a one …-specific costs of capital. We show that SOEs did respond to the performance evaluation reform by altering their investment decisions …
Persistent link: https://www.econbiz.de/10012938744
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Offshore Hedge Funds : Survival and Performance 1989-1995
Brown, Stephen J. - 1997
We examine the performance of the offshore hedge fund industry over the period 1989 through 1995 using a database that … little evidence of differential manager skill. We develop endogenous style categories for relative fund performance measures …
Persistent link: https://www.econbiz.de/10012472919
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Performance Evaluation of Zero Net-Investment Strategies
Jordà, Òscar - 2011
This paper introduces new nonparametric statistical methods to evaluate zero-cost investment strategies. We focus on directional trading strategies, risk-adjusted returns, and the investor's decisions under uncertainty as the core of our analysis. By relying on classification tools with a long...
Persistent link: https://www.econbiz.de/10012461508
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The Influence of Occupational Licensing on Workforce Transitions to Retirement
Oh, Yun Taek; Kleiner, Morris M. - National Bureau of Economic Research - 2024
Ways of leaving the labor force has been an understudied aspect of labor market outcomes. Labor market institutions such as occupational licensing may influence how individuals transition to retirement. When and how workers transition from career jobs to full retirement may contribute to pre-...
Persistent link: https://www.econbiz.de/10014512146
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Preferences, Inequities, and Incentives in the Substitute Teacher Labor Market
Kraft, Matthew A.; Conklin, Megan Lane; Falken, Grace T. - National Bureau of Economic Research - 2022
We examine the labor supply decisions of substitute teachers - a large, on-demand market with broad shortages and inequitable supply. In 2018, Chicago Public Schools implemented a targeted bonus program designed to reduce unfilled teacher absences in largely segregated Black schools with...
Persistent link: https://www.econbiz.de/10013477206
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The Outlook for Women's Employment and Labor Force Participation
Albanesi, Stefania - National Bureau of Economic Research - 2023
Employment and participation rates for US prime age women rose steadily during the second half of the 20th century. In the last 30 years, however, those rates stagnated, even as employment and participation rates for women in other industrialized countries continued to rise. I discuss the role...
Persistent link: https://www.econbiz.de/10014437047
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Paid Sick Leave and Childcare
Maclean, Johanna Catherine; Pabilonia, Sabrina Wulff - National Bureau of Economic Research - 2024
Unlike most developed countries, the U.S. lacks a federal paid sick leave policy. As a result, many workers must choose between losing earnings and attending to childcare responsibilities. To date, 14 states and the District of Columbia have adopted paid sick leave mandates that provide up to...
Persistent link: https://www.econbiz.de/10014635673