Showing 1 - 10 of 359
We study the relationship between compensation and risk-taking among finance firms using a neglected insight from principal-agent contracting with hidden action and risk-averse agents. If the sensitivity of pay to stock price or slope does not vary with stock price volatility, then total...
Persistent link: https://www.econbiz.de/10012462481
The role of data analysis in communication, persuasion, and decision-making is discussed. Some problems with current … data-analysis practice are presented, including communication, complex models, large data bases, one-pass processing, rigid …
Persistent link: https://www.econbiz.de/10012479059
102 firms to study if CEO turnover impacts employees' communication flows. We find that CEO turnover leads to an initial … decrease in intra-firm communication, followed by a significant increase approximately five months after the CEO change. The … increase is driven primarily by vertical (i.e. manager to employee) communication. Greater increases in communication after CEO …
Persistent link: https://www.econbiz.de/10012599332
A distinct feature of MNCs is a three-tier organizational structure: foreign managers (FMs) supervise domestic managers … knowledge. We develop a model in which DMs learn general management by communicating with FMs, but communication effort is non …-contractible. These conditions generate sub-optimal communication within the MNC. If communication is complementary with language skills …
Persistent link: https://www.econbiz.de/10012533356
managers improves the efficiency of the transmission of knowledge across countries. The model further delivers the prediction … that the positive effect of middle skills on offshoring is weaker, the more advanced are communication technologies in the …
Persistent link: https://www.econbiz.de/10012466472
learning algorithm. The algorithm uncovers two distinct behavioral types: "leaders" and "managers". Leaders focus on multi …-function, high-level meetings, while managers focus on one-to-one meetings with core functions. Firms with leader CEOs are on average …
Persistent link: https://www.econbiz.de/10012455433
Despite the importance placed on supervision in the workplace, little is known about the effects of a boss' leadership quality on labor market outcomes such as employee job retention. Using plausibly exogenous assignment of junior officers to bosses in the U.S. Army, we find positive retention...
Persistent link: https://www.econbiz.de/10012456294
Using a survey of 800 CEOs in 22 emerging economies we show that CEOs' management styles and philosophy vary with the control rights and involvement of the owning family and founder: CEOs of firms with greater family involvement have more hierarchical management, and feel more accountable to...
Persistent link: https://www.econbiz.de/10012459265
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
In an earlier paper (Blinder and Morgan, 2005), we created an experimental apparatus in which Princeton University students acted as ersatz central bankers, making monetary policy decisions both as individuals and in groups. In this study, we manipulate the size and leadership structure of...
Persistent link: https://www.econbiz.de/10012465259