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 …

adoption: its employment of workers with STEM (science, technology, engineering and math) skills and experience who we call …

We examine the relationship between wages and skill requirements in a sample of over 50,000 managers in 39 companies … between 1986 and 1992. The data include an unusually good measure of job requirements and skills that can proxy for human …

The level of diseconomies of scale in asset management has important implications for tests of manager skill and the …

-related, interpersonal skills with execution skills. Both LBO and VC firms are more likely to hire and invest in CEOs with greater general … abilities, both execution- and team-related. Success, however, is more strongly related to execution skills than to team …-related skills. Success is, at best, only marginally related to incumbency, holding observable talent and ability constant …

Micro level studies in developing countries suggest managerial skills play a key role in the adoption of modern … technologies. The human resources literature suggests that managerial skills are difficult to codify and learn formally, but … possibilities are internalized in the market, and where managers are complementary inputs to non-managerial workers. The paper …

specific skills) affect the value of employment relationships between senior executives and firms. We analyze the changes in … the composition of top management teams when a key member of the team (the CEO) departs. Our empirical analysis … establishes several facts that are consistent with co-worker complementarity being an important determinant of management team …