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Does High Inflation Cause Central Bankers to Lose Their Job? Evidence Based on a New Data Set
Dreher, Axel; Sturm, Jan-Egbert; de Haan, Jakob - 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
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The Demand for Executive Skills
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
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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
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Will Germany's Temporary VAT Tax Rates Cut as Part of the COVID-19 Fiscal Stimulus Package Boost Consumption and Growth?
Funke, Michael; Terasa, Raphael - 2021
On 3 June 2020, the German government announced a EUR 130 billion fiscal stimulus package to stimulate market demand and jumpstart the economy in the wake of the COVID-19 pandemic lockdown in the spring of 2020. The most prominent measure of this package is an unconventional fiscal policy in the...
Persistent link: https://www.econbiz.de/10013314775
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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
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Selection into Leadership and Dishonest Behavior of Leaders : A Gender Experiment
Grosch, Kerstin - 2020
Leaders often have to weigh ethical against monetary consequences. Such situations may evoke psychological costs from being dishonest and dismissing higher monetary benefits for others. In a within-subjects experiment, we analyze such a dilemma. We first measure individual dishonest behavior...
Persistent link: https://www.econbiz.de/10012824596
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Discrimination, Managers, and Firm Performance : Evidence from "Aryanizations" in Nazi Germany
Huber, Kilian; Lindenthal, Volker; Waldinger, Fabian - 2021
expulsions of senior Jewish managers, due to rising discrimination in Nazi Germany, affected large corporations. Firms that lost …Large-scale increases in discrimination can lead to dismissals of highly qualified managers. We investigate how … Jewish managers experienced persistent reductions in stock prices, dividends, and returns on assets. Aggregate market value …
Persistent link: https://www.econbiz.de/10013314854
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Are Women Less Effective Leaders than Men? Evidence from Experiments Using Coordination Games
Heursen, Lea; Ranehill, Eva; Weber, Roberto - 2021
We study whether one reason behind female underrepresentation in leadership is that female leaders are less effective at coordinating action by followers. Two experiments using coordination games investigate whether female leaders are less successful than males in persuading followers to...
Persistent link: https://www.econbiz.de/10013314898
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The Effects of COVID-19 on U.S. Small Businesses : Evidence from Owners, Managers, and Employees
Alekseev, Georgij; Amer, Safaa; Gopal, Manasa; Kuchler, … - 2021
We analyze a large-scale survey of owners, managers, and employees of small businesses in the United States to …
Persistent link: https://www.econbiz.de/10013315291
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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