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Hansen, Stephen; Sadun, Raffaella; Ramdas, Tejas; … - 2021

We use a unique corpus of job descriptions for C-suite positions to document skills requirements in top managerial occupations across a large sample of firms. A novel algorithm maps the text of each executive search into six separate skill clusters reflecting cognitive, interpersonal, and...

Persistent link: https://www.econbiz.de/10013222191

Does High Inflation Cause Central Bankers to Lose Their Job? Evidence Based on a New Data Set

Dreher, Axel; Sturm, Jan-Egbert; Haan, Jakob de - 2021

This paper introduces new data on the term in office of central bank governors in 137 countries for 1970-2004. Our panel models show that the probability that a central bank governor is replaced in a particular year is positively related to the share of the term in office elapsed, political and...

Persistent link: https://www.econbiz.de/10013316991

Firm Organization with Multiple Establishments

Gumpert, Anna - 2019

increase the use of middle managers in multi-establishment firms. In our model, we assume that the time of the CEO of a firm is … the costs of accessing the CEO. Hiring middle managers at an establishment substitutes for CEO time that is reallocated … that we document using administrative data from Germany. We exploit the opening of high-speed train routes to show that not …

Persistent link: https://www.econbiz.de/10012892163

Electoral Cycles in Perceived Corruption : International Empirical Evidence

Potrafke, Niklas - 2019

I examine whether elections influence perceived corruption in the public sector. Perceived corruption in the public sector is measured by the reversed Transparency International’s Perception of Corruption Index (CPI). The dataset includes around 100 democracies over the period 2012-2016, a...

Persistent link: https://www.econbiz.de/10012892191

Does Democracy Make Taller Men? Cross-Country European Evidence

Batinti, Alberto; Costa-Font, Joan - 2021

We study whether a democracy improves a measure of individual wellbeing; human heights. Drawing on individual-level datasets, we test the hypothesis using a battery of eight different measures of democracy and derived averages, and include models accounting for several confounders, regional and...

Persistent link: https://www.econbiz.de/10013310764

Do managers with limited liability take more risky decisions? An information acquisition model

Malcomson, James M. - 2010

Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when …

Persistent link: https://www.econbiz.de/10010275809

Do Firms Gain from Managerial Overconfidence? The Role of Severance Pay

Graziano, Clara; Luporini, Annalisa - 2022

We analyze the effects of optimism and overconfidence when the manager’s compensation package includes severance pay …

Persistent link: https://www.econbiz.de/10014082159

What Do Central Bankers Do? Evidence from the European Central Banks' Executive Board

Badinger, Harald - 2019

This paper examines how managers at the top of a public institution, central bank executives, allocate their working …

Persistent link: https://www.econbiz.de/10012892122

CEO Compensation : Evidence from the Field

Edmans, Alex; Gosling, Tom; Jenter, Dirk - 2021

We survey directors and investors on the objectives, constraints, and determinants of CEO pay. 67% of directors would sacrifice shareholder value to avoid controversy on CEO pay, implying they face significant constraints other than participation and incentive compatibility. These constraints...

Persistent link: https://www.econbiz.de/10013220138

The Market for CEOs

Cziraki, Peter; Jenter, Dirk - 2021

We study the market for CEOs of large publicly-traded US firms, analyze new CEOs’ prior connections to the hiring firm, and explore how hiring choices are determined. Firms are hiring from a surprisingly small pool of candidates. More than 80% of new CEOs are insiders, defined as current or...

Persistent link: https://www.econbiz.de/10013222199