market discipline--would suffice to uphold the rational-manager paradigm. Instead, the evidence reveals that behavioral … forces exert a significant influence at every stage of a chief executive officer's (CEO's) career. First, at the appointment … stage, selection does not impede the promotion of behavioral managers. Instead, competitive environments oftentimes promote …

We show that economic conditions when managers enter the labor market have long-run effects on their career paths and … managerial styles. Managers who began their careers during recessions become CEOs more quickly, but at smaller firms. They also … environment is important to the formation and selection of managers …

The analyses below compare the career histories and personal characteristics of the executives in the top ranks of the …

This paper examines the labor market for mutual fund managers and managers' responses to the implicit incentives … created by their career concerns. We find that managerial turnover is sensitie to a fund's recent performance. Consistent with … the hypothesis that fund companies are learning about managers' abilities, managerial turnover is more performance …

The best worker is not always the best candidate for manager. In these cases, do firms promote the best potential … manager or the best worker in her current job? Using microdata on the performance of sales workers at 214 firms, we find …

men's educational or family outcomes. The results are quite different for women: we find effects on both career and family …