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Deadlock on the Board
Donaldson, Jason Roderick - 2019
We develop a dynamic model of board decision-making. We show that a board could retain a policy all directors agree is … entrenched CEO. We explore how to compose boards and appoint directors to mitigate deadlock. We find that board diversity and …
Persistent link: https://www.econbiz.de/10012480101
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Learning, Diversity and Adaptation in Changing Environments : The Role of Weak Links
Acemoglu, Daron; Ozdaglar, Asuman E.; Pattathil, Sarat - National Bureau of Economic Research - 2023
Adaptation to dynamic conditions requires a certain degree of diversity. If all agents take the best current action …, learning that the underlying state has changed and behavior should adapt will be slower. Diversity is harder to maintain when …
Persistent link: https://www.econbiz.de/10014287315
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Friendship at Work : Can Peer Effects Catalyze Female Entrepreneurship?
Field, Erica - 2015
Does the lack of peers contribute to the observed gender gap in entrepreneurial success, and is the constraint stronger for women facing more restrictive social norms? We offered two days of business counseling to a random sample of customers of India's largest women's bank. A random subsample...
Persistent link: https://www.econbiz.de/10012457573
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Bayesian Learning in Social Networks
Acemoglu, Daron - 2008
We study the perfect Bayesian equilibrium of a model of learning over a general social network. Each individual receives a signal about the underlying state of the world, observes the past actions of a stochastically-generated neighborhood of individuals, and chooses one of two possible actions....
Persistent link: https://www.econbiz.de/10012464607
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Social Networks and the Aggregation on Individual Decisions
Heavner, D. Lee - 2002
This paper analyzes individual decisions to participate in an activity and the aggregation of those decisions when individuals gather information about the outcomes and choices of (a few) others in their social network. In this environment, aggregate participation rates are generally...
Persistent link: https://www.econbiz.de/10012469735
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The Big Three and Board Gender Diversity : The Effectiveness of Shareholder Voice
Gormley, Todd A.; Gupta, Vishal K.; Matsa, David A.; … - National Bureau of Economic Research - 2022
In 2017, "The Big Three" institutional investors launched campaigns to increase gender diversity on corporate boards … they had in 2016. Firms increased diversity by identifying candidates beyond managers' existing networks and by placing …-based governance changes and the important impact of investor buy-in in increasing corporate-leadership diversity …
Persistent link: https://www.econbiz.de/10013462705
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Connecting to Power : Political Connections, Innovation, and Firm Dynamics
Akcigit, Ufuk - 2018
Do political connections affect firm dynamics, innovation, and creative destruction? We study Italian firms and their workers to answer this question. Our analysis uses a brand-new dataset, spanning the period from 1993 to 2014, where we merge: (i) firm-level balance sheet data; (ii) social...
Persistent link: https://www.econbiz.de/10012480788
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Individual and Collective Information Acquisition : An Experimental Study
Reshidi, Pëllumb; Lizzeri, Alessandro; Yariv, Leeat; … - National Bureau of Economic Research - 2021
decision. We report results from lab experiments focused on such information-collection processes. We consider decisions … decision accuracies over time. Furthermore, groups using majority rule yield especially hasty and inaccurate decisions …
Persistent link: https://www.econbiz.de/10012794585
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Bankers on Boards : Monitoring, Conflicts of Interest, and Lender Liability
Kroszner, Randall S. - 1999
This paper investigates what factors determine whether a commercial banker is on the board of a non-financial firm. We consider the tradeoff between the benefits of direct bank monitoring to the firm and the costs of active bank involvement in firm management. Given the different payoff...
Persistent link: https://www.econbiz.de/10012471465
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Risk Perceptions, Board Networks, and Directors' Monitoring
Ding, Wenzhi; Chen, Lin; Schmid, Thomas; Weisbach, … - National Bureau of Economic Research - 2021
What makes independent directors perform their monitoring duty? One possible reason is that they are worried about being sanctioned by regulators if they do not monitor sufficiently well. Using unique features of the Chinese financial market, we estimate the extent to which independent...
Persistent link: https://www.econbiz.de/10012585458