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outcomes. The UK, Sweden, Canada and the US obtain the highest management scores closely followed by Germany, with a gap to …We collect data on operations, targets and human resources management practices in over 1,800 schools educating 15-year …-olds in eight countries. Overall, we show that higher management quality is strongly associated with better educational …
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the World Management Survey, a methodology that enables us to construct robust measures of management quality comparable … centralized systems (Italy and Germany) lagging behind the more autonomous ones (Canada, Sweden, the UK, the US). For Italy, we …
Persistent link: https://www.econbiz.de/10010408867
administrative data on secondary Italian students to the management scores of their school principals in 2011 and 2015 based on the … World Management Survey methodology. The frequent turnover of school principals over this period allows us to causally … interpret school-fixed-effect estimates. We find that management quality positively and substantially impacts standardized math …
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"Most state and local retirement plans strive for full funding, at least by actuarial standards. Funding measured at market values fluctuates and often falls short. A common argument for full funding is that pensions are a form of deferred compensation that does not justify a debt. The paper...
Persistent link: https://www.econbiz.de/10008688912
"Whereas Poterba and Summers (1995) find that firms use hurdle rates that are unrelated to their CAPM betas, Graham and Harvey (2001) find that 74% of their survey firms use the CAPM for capital budgeting. We provide an explanation for these two apparently contradictory conclusions. We find that...
Persistent link: https://www.econbiz.de/10008859595
"Do low interest rates alleviate banking fragility? Banks finance illiquid assets with demandable deposits, which discipline bankers but expose them to damaging runs. Authorities may choose to bail out banks being run. Unconstrained bailouts undermine the disciplinary role of deposits. Moreover,...
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