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Diversity and social capital in the US : a tale of conflict, contact or total mistrust?
Belton, Willie James; Huq, Yameen; Uwaifo Oyelere, Ruth - 2014
In this paper we explore the relationship between ethnic fractionalization and social capital. First, we test for time differences in the impact of ethnic fractionalization on social capital using U.S. data from 1990, 1997 and 2005. Subsequently we examine the data for evidence of the conflict,...
Persistent link: https://www.econbiz.de/10010399002
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Bringing connections onboard: the value of political influence
Green, Colin; Homroy, Swarnodeep - 2020
In 2002, an amendment to UK parliamentary regulations removed restrictions on the participation of members of parliament (MPs) in parliamentary proceedings related to their corporate interests. Using this amendment as a quasi-natural experiment, we demonstrate gains in firm value and...
Persistent link: https://www.econbiz.de/10012239525
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Who lives in the c-suite? : organizational structure and the division of labor in top management
Guadalupe, Maria; Li, Hongyi; Wulf, Julie M. - 2012
number of managers reporting directly to the CEO doubled, the growth was driven primarily by functional managers rather than … general managers. Using panel data on senior management positions, we explore the relationship between changes in executive … corporate-wide coordination by functional managers in headquarters. We find that the number of functional managers closer to the …
Persistent link: https://www.econbiz.de/10009548652
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Network abroad and culture : global individual-level evidence
Turati, Riccardo - 2024
This paper analyzes whether natives with a network abroad have a distinctive cultural stance compared to similar individuals without such connections within the same region. Using individual-level data on connectedness from the Gallup World Poll across 2,256 within-country regions over 148...
Persistent link: https://www.econbiz.de/10015053879
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Real estate prices and corporate investment : theory and evidence of heterogeneous effects across firms
Fougère, Denis; Lecat, Rémy; Ray, Simon - 2018
In this paper, we investigate the effect of real estate prices on productive investment. We build a simple theoretical framework of firms' investment with credit rationing and real estate collateral. We show that real estate prices affect firms' borrowing capacities through two channels. An...
Persistent link: https://www.econbiz.de/10011951732
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Who will be idol? : the importance of social networks for winning on reality shows
Heizler, Odelia; Qimḥî, Ayyāl - 2010
This paper examines, both theoretically and empirically, the effect of social networks and belonging to minority groups (or race) on the probability of winning in reality television shows. We develop a theoretical model that studies viewer behavior by presenting a framework of competition...
Persistent link: https://www.econbiz.de/10008689021
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Technological advance, social fragmentation and welfare
Bosworth, Steven; Snower, Dennis J. - 2021
This paper models the welfare consequences of social fragmentation arising from technological advance. We start from the premise that technological progress falls primarily on market-traded commodities rather than prosocial relationships, since the latter intrinsically require the expenditure of...
Persistent link: https://www.econbiz.de/10012418627
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Not so lucky any more : CEO compensation in financially distressed firms
Kang, Qiang (contributor); Mitnik, Oscar A. (contributor) - 2008
There is a debate on whether executive pay reflects rent extraction due to "managerial power" or is the result of arms-length bargaining in a principal-agent framework. In this paper we offer a test of the managerial power hypothesis by empirically examining the CEO compensation of U.S. public...
Persistent link: https://www.econbiz.de/10003779098
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Top incomes in Canada : evidence from the Census
Lemieux, Thomas; Riddell, William Craig - 2015
This paper looks at the evolution of incomes at the top of the distribution in Canada. Master files of the Canadian Census are used to study the composition of top income earners between 1981 and 2011. Our main finding is that, as in the United States, executives and individuals working in the...
Persistent link: https://www.econbiz.de/10010528875
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Executive compensation, firm performance, and corporate governance in China : evidence from firms listed in the Shanghai and Shenzhen stock exchanges
Kato, Takao (contributor); Long, Cheryl (contributor) - 2005
managers and thus possibly making China's listed firms less effective in solving the agency problem. As such, ownership …
Persistent link: https://www.econbiz.de/10003225948