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COVID-19, Government Performance, and Democracy : Survey Experimental Evidence from 12 Countries
Becher, Michael; Longuet Marx, Nicolas; Pons, Vincent; … - National Bureau of Economic Research - 2021
Beyond its immediate impact on public health and the economy, the COVID-19 pandemic has put democracy under stress. While a common view is that people should blame the government rather than the political system for bad crisis management, an opposing view is that dissatisfaction with government...
Persistent link: https://www.econbiz.de/10012696423
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Tips and Tells from Managers : How Analysts and the Market Read Between the Lines of Conference Calls
Druz, Marina - 2015
Stock prices react significantly to the tone (negativity of words) managers use on earnings conference calls. This …
Persistent link: https://www.econbiz.de/10012457675
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Does Product Market Competition Reduce Agency Costs?
Jagannathan, Ravi - 2000
The folk wisdom is that competition reduces agency costs. We provide indirect empirical support for this view. We argue …
Persistent link: https://www.econbiz.de/10012471296
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The Impact of Competition on Management Quality : Evidence from Public Hospitals
Bloom, Nicholas - 2010
In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … geographic proximity is a key determinant of competition, and English public hospitals where political competition can be used to … survival rates from emergency heart attack admissions (AMI). More importantly, we find that higher competition (as indicated by …
Persistent link: https://www.econbiz.de/10012462620
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Seeking Alpha : Excess Risk Taking and Competition for Managerial Talent
Acharya, Viral V. - 2013
We present a model in which managers are risk-averse and firms compete for scarce managerial talent ("alpha"). When … managers are not mobile across firms, firms provide efficient compensation, which allows for learning about managerial talent … and for insurance of low-quality managers. When instead managers can move across firms, firms cannot offer co …
Persistent link: https://www.econbiz.de/10012459770
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Terrorism and Political Attitudes : Evidence from European Social Surveys
Peri, Giovanni; Rees, Daniel I.; Smith, Brock - National Bureau of Economic Research - 2021
Since the turn of the last century, nationalistic political parties have been gaining support in Europe. Over the same period, terror attacks have increased. Using data from European Social Surveys (ESS), we examine the effects of terror attacks involving at least one fatality on attitudes...
Persistent link: https://www.econbiz.de/10012510541
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It All Starts with Beliefs : Addressing the Roots of Educational Inequities by Shifting Parental Beliefs
List, John A.; Pernaudet, Julie; Suskind, Dana - National Bureau of Economic Research - 2021
Socioeconomic inequalities in child development crystallize at early stages, with associated disparities in parental investment in children. A key to understanding the data patterns is to document the sources underlying the observed inequalities. We first show that there are dramatic differences...
Persistent link: https://www.econbiz.de/10012660072
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What Do You Think About Climate Finance?
Stroebel, Johannes; Wurgler, Jeffrey - National Bureau of Economic Research - 2021
We survey 861 finance academics, professionals, and public sector regulators and policy economists about climate finance topics. They identify regulatory risk as the top climate risk to businesses and investors over the next five years, but they view physical risks as the top risk over the next...
Persistent link: https://www.econbiz.de/10012616584
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Economic Integration and the Transmission of Democracy
Magistretti, Giacomo; Tabellini, Marco - National Bureau of Economic Research - 2022
In this paper, we study if exposure to the institutions of trade partners changes individuals' attitudes towards democracy and favors the process of democratization. We combine survey data with country-level measures of democracy from 1960 to 2015, and exploit the improvement in air, relative to...
Persistent link: https://www.econbiz.de/10013210083
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Stubborn Beliefs in Search Equilibrium
Menzio, Guido - National Bureau of Economic Research - 2022
I study a search equilibrium model of the labor market in which workers have stubborn beliefs about their labor market prospects, i.e. beliefs about their probability of finding a job and the wage they will earn that do not respond to aggregate fluctuations in fundamentals. I show that, when...
Persistent link: https://www.econbiz.de/10013191032