responds more to increases in shareholders' return performance than to decreases. Further, this asymmetry is stronger when …

general managers. Using panel data on senior management positions, we explore the relationship between changes in executive …This paper shows that top management structures in large US firms radically changed since the mid-1980s. While the … number of managers reporting directly to the CEO doubled, the growth was driven primarily by functional managers rather than …

In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … management quality - measured using a new survey tool - is strongly correlated with financial and clinical outcomes such as … a greater number of neighboring hospitals) is positively correlated with increased management quality, and this …