Using detailed ownership and financial information available for a large sample of owner-managed private firms in three West European countries, this paper examines the relationship between manager's age and firm's performance. Tracking firms over time, we find that as a manager ages, the firm...

This paper examines the relationship between strategic decision-making at the subsidiary level and organization structure. In many organizations, the interaction between central headquarters and subsidiaries is mediated by the presence of intermediate organizational units. Building on the...