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teams and run for an hour. This allows us not only to study the individual relationship between age and performance but also … performance goes down with age, although the speed-age gradient is rather flat. Group performance goes down with age as well, but … interestingly a counterbalancing force emerges, namely team dynamics that are driven by performance of runners who enter and leave. …
Persistent link: https://www.econbiz.de/10011083960
available hedge fund databases. Tracking changes to statements of historical performance recorded at different points in time … performance histories significantly and predictably underperform those that have never revised, suggesting that unreliable …
Persistent link: https://www.econbiz.de/10011084298
This paper addresses a lack of evidence on the impact of performance pay in the public sector by evaluating a pilot … targets, measured with varying degrees of precision. We use data from the agency’s performance management system and personnel … records plus matched labour market data. We focus on three main issues: whether performance pay matters for public service …
Persistent link: https://www.econbiz.de/10011084487
Using a tried and tested measure of management practices which has been shown to predict firm performance, we survey … incentives for staff recruitment, retention and promotion, are correlated with both teaching and research performance conditional … on resources and past performance. Moreover, this relationship holds for all universities, not just research …
Persistent link: https://www.econbiz.de/10011084536
Using detailed data on currency transactions of institutional investors, this paper shows that funds that experience high returns on their currency holdings also execute currency trades at more favourable prices. This observation is consistent with foreign exchange dealers bidding for...
Persistent link: https://www.econbiz.de/10005788969
We use a comprehensive dataset of Funds-of-Hedge-Funds (FoFs) to investigate performance, risk and capital formation in … superior performance over time. In keeping with this implication, we provide evidence that even successful hedge funds have … experienced a recent, dramatic decline in risk-adjusted performance. …
Persistent link: https://www.econbiz.de/10005792343
: a) providers differ in efficiency and there are two types of provider; b) efficiency is private information (adverse …
Persistent link: https://www.econbiz.de/10005661600
We examine the firm- and country-level determinants of the currency denomination of small business loans. We first model the choice of loan currency in a framework which features a trade-off between lower cost of debt and the risk of firm-level distress costs, and also incorporates the impact of...
Persistent link: https://www.econbiz.de/10008496451
WTO members are starting to consider whether and how to develop multilateral disciplines on competition policies. These discussions are taking place in the absence of concerted efforts to compile comparable information on the conditions of competition existing on member country markets. We argue...
Persistent link: https://www.econbiz.de/10005124160
likely when asymmetries in R&D efficiency between the partners are not too large. Spillovers have an ambiguous role; they …
Persistent link: https://www.econbiz.de/10005124163