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What makes a good leader? A good leader is able to coordinate his followers around a credible mission statement, which communicates the future course of action of the organization. In practice, leaders learn about the best course of action for the organization over time. While learning helps...
Persistent link: https://www.econbiz.de/10012464309
management. A key question remains the extent to which this reflects unobserved differences in productivity, preferences …, 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 …
Persistent link: https://www.econbiz.de/10012466682
The US Civil War provides researchers a unique opportunity to identify wartime leaders and thus to test theories of leadership. By observing both leaders and followers during the war and forty years after it, I establish that the most able became wartime leaders, that leading by example from the...
Persistent link: https://www.econbiz.de/10012461276
Enterprises (SOEs) in India. The program gave managers (the board of directors) of profitable SOEs more autonomy over strategic … that a manager subsequently joins a board of a private firm is greater for managers of those SOEs which were granted … may occur partly through managers' career concerns …
Persistent link: https://www.econbiz.de/10012480249
Using a unique 10-year panel that includes more than 13,300 expected stock market return probability distributions, we find that executives are severely miscalibrated, producing distributions that are too narrow: realized market returns are within the executives' 80% confidence intervals only...
Persistent link: https://www.econbiz.de/10012462440
, and market opportunities. This know-how can be reallocated across countries as managers acquire control of factors of …
Persistent link: https://www.econbiz.de/10012465581
Corporate managers who own a majority of the common stock in their company or who represent another firm owning such an … interest appear to be less constrained than managers of diffusely held firms, yet their power to harm minority shareholders …. Finally, there is little evidence that new organizational mechanisms have evolved to constrain managers who own large blocks …
Persistent link: https://www.econbiz.de/10012472048
We empirically analyze the nature of returns to scale in active mutual fund management. We find strong evidence of … avoid econometric biases are insignificant. We also find that the active management industry has become more skilled over …
Persistent link: https://www.econbiz.de/10012458773
across organizations. A remaining question, however, is whether it is managers themselves or firm-wide management practices … this setting, managers move between stores but management practices are set by firm policy and largely fixed, allowing us …Across many sectors, research has established that management explains a notable portion of productivity differences …
Persistent link: https://www.econbiz.de/10014250209
Executive teams in U.S. firms are becoming increasingly partisan. We establish this new fact using political affiliations from voter registration records for top executives of S&P 1500 firms between 2008 and 2020. The new fact is explained by both an increasing share of Republican executives and...
Persistent link: https://www.econbiz.de/10013334401