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

We study relational contracts among managers using unique data that tracks transfers of workers across teams in Indian … ready-made garment factories. We focus on how relational contracts help managers cope with worker absenteeism shocks, which … these facts imply gains from sharing workers. We show that managers respond to shocks by lending and borrowing workers in a …

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 …