Showing 1 - 10 of 29
We study why high-priced acquisitions of entrants by an incumbent do not necessarily stimulate more innovation and entry in an industry (like that of digital platforms) where customers face switching costs and enjoy network externalities. The prospect of an acquisition by the incumbent platform...
Persistent link: https://www.econbiz.de/10012481729
Which managerial skills, traits, and practices matter most for productivity? How does the observability of these features affect how appropriately they are priced into wages? Combining two years of daily, line-level production data from a large Indian garment firm with rich survey data on line...
Persistent link: https://www.econbiz.de/10012479801
Tracking the movement of top managers across firms, we document the importance of manager-specific fixed effects in explaining heterogeneity in firm exposures to systematic risk. These differences in systematic risk are partially explained by managers' corporate strategies, such as their...
Persistent link: https://www.econbiz.de/10012481342
manipulate the size and leadership structure of monetary policy decisionmaking. We find no evidence of superior performance by …
Persistent link: https://www.econbiz.de/10012465259
. shared leadership, establish stability in shared leadership, or experience repeated discord-induced TMT leader departures …. While most firms do not experience smooth transitions to stable shared TMT leadership, a focus on value creation, in … conjunction with talent recruitment and promotion, enabled some firms to achieve stable shared leadership in spite of discord …
Persistent link: https://www.econbiz.de/10012452978
-family firms display a more textbook approach of shareholder-value-maximization. Finally, we find a continuum of leadership …
Persistent link: https://www.econbiz.de/10012459265
leadership. By observing both leaders and followers during the war and forty years after it, I establish that the most able …
Persistent link: https://www.econbiz.de/10012461276
We study the role of firm- and manager-specific heterogeneities in executive compensation. We decompose the variation in executive compensation and find that time invariant firm and especially manager fixed effects explain a majority of the variation in executive pay. We then show that in many...
Persistent link: https://www.econbiz.de/10012461290
We study the evolution of the social norm of "cooperation" in a dynamic environment. Each agent lives for two periods and interacts with agents from the previous and next generations via a coordination game. Social norms emerge as patterns of behavior that are stable in part due to agents'...
Persistent link: https://www.econbiz.de/10012461578
To understand leadership, it is necessary to understand the purpose of an organization. Organizations are hierarchies … specific contributions of leaders. Leadership is the ability to successfully manage transaction costs of an organization …
Persistent link: https://www.econbiz.de/10012585411