Showing 1 - 10 of 68
work on shareholders and shareholder activism, directors, executives and their compensation, controlling shareholders …
Persistent link: https://www.econbiz.de/10013134144
. It reduces organizing success by lowering profits, thus giving management a greater incentive to oppose unions. It shows … that in the traditional monopoly model, any given premium can cause management to donate more resources to opposing a union …
Persistent link: https://www.econbiz.de/10013233773
This paper develops a novel method to identify the causal contribution of managers to team performance. The method … requires repeated random assignment of managers to multiple teams and controls for individuals' skills. A good manager is … someone who consistently causes their team to produce more than the sum of their parts. Good managers have roughly twice the …
Persistent link: https://www.econbiz.de/10014584405
We study the impact of managers on the success of professional soccer teams using data from the German "Bundesliga". We … evaluate the performance impact of individual managers by estimating regression models that include both team and manager fixed … effects, where we are exploiting the high turnover of managers between teams to disentangle the managers' contributions. We …
Persistent link: https://www.econbiz.de/10010417962
Using a unique 10-year panel that includes more than 13,300 expected stock market return probability distributions, we find that executives are severely miscalibrated, producing distributions that are too narrow: realized market returns are within the executives' 80% confidence intervals only...
Persistent link: https://www.econbiz.de/10013139897
, and market opportunities. This know-how can be reallocated across countries as managers acquire control of factors of …
Persistent link: https://www.econbiz.de/10012760102
interest appear to be less constrained than managers of diffusely held firms, yet their power to harm minority shareholders … that the law constrains managerial majority shareholders, both in their day-to-day management and when they redeem the …Corporate managers who own a majority of the common stock in their company or who represent another firm owning such an …
Persistent link: https://www.econbiz.de/10012763829
We empirically analyze the nature of returns to scale in active mutual fund management. We find strong evidence of … avoid econometric biases are insignificant. We also find that the active management industry has become more skilled over …
Persistent link: https://www.econbiz.de/10013059086
that has been addressed in the management literature. In a new 'theory of expert leadership' (TEL), this paper blends …-business industry; and (3) leadership capabilities, which include management skills and a leader's innate characteristics. This paper …
Persistent link: https://www.econbiz.de/10009539227
By reducing the threat of a hostile takeover, business combination (BC) laws weaken corporate governance and increase the opportunity for managerial slack. Consistent with the notion that competition mitigates managerial slack, we find that while firms in non-competitive industries experience a...
Persistent link: https://www.econbiz.de/10012757546