Showing 1 - 10 of 45
responds more to increases in shareholders' return performance than to decreases. Further, this asymmetry is stronger when …
Persistent link: https://www.econbiz.de/10012456270
unique aspect of this survey is it collected management data from the CEO, a random sample of senior managers and workers. We … poorly managed firms. This distribution of management scores is similar for CEOs, senior managers and workers management, and …, we find that the CEO's management scores are the most predictive of firm performance, followed by the senior managers and …
Persistent link: https://www.econbiz.de/10011895781
Persistent link: https://www.econbiz.de/10003994168
Persistent link: https://www.econbiz.de/10003994673
Using more than 50,000 firm-years from 1988 to 2015, we show that the empirical relation between a firm's Tobin's q and managerial ownership is systematically negative. When we restrict our sample to larger firms as in the prior literature, our findings are consistent with the literature,...
Persistent link: https://www.econbiz.de/10012481002
We explore the critical question of how executives make strategic decisions. Utilizing a new survey of 262 CEO alumni of Harvard Business School, we gather evidence on four aspects of each executive's business strategy: its overall structure, its formalization, its development, and its...
Persistent link: https://www.econbiz.de/10012482172
We study the impact of toxic emissions on the migration of corporate executives. We link data on the opening of industrial plants emitting toxic air pollutants with information on the career paths of executives at all S&P 1500 firms over the 1996-2014 period. We find that (1) the opening of...
Persistent link: https://www.econbiz.de/10012453325
Outside directors have incentives to resign to protect their reputation or to avoid an increase in their workload when they anticipate that the firm on whose board they sit will perform poorly or disclose adverse news. We call these incentives the dark side of outside directors. We find strong...
Persistent link: https://www.econbiz.de/10012462735
no evidence that banks with CEOs whose incentives were better aligned with the interests of their shareholders performed …
Persistent link: https://www.econbiz.de/10012463437
We disaggregate the self-employed into incorporated and unincorporated to distinguish between "entrepreneurs" and other business owners. We show that the incorporated self-employed and their businesses engage in activities that demand comparatively strong nonroutine cognitive abilities, while...
Persistent link: https://www.econbiz.de/10012459385