compensation contracts, managers who maximize lifetime compensation in a perfectly competitive labor market would have little … the hypotheses that younger managers engage in less accruals based and real earnings management than older CEOs, even … associated with earnings management. We also find evidence that younger managers choose the “lesser of two evils” by managing …

not examined these possible perverse effects. We observe branch managers of a large retail bank following the introduction … of a new incentive plan. We use a novel empirical strategy to estimate the profits the bank loses through managers … average. Managers’ formal education (“book smarts”) has no impact on agency costs, but their ability to infer undisclosed …

It is well established that accounting based incentive schemes can induce managers to adapt their behavior to …

, when the product development cycle is longer, or when managers are more myopic. Overall, our findings suggest that …

industry. In the presence of divergent opinions regarding managerial skills, fund managers can strategically use fees to …

We examine whether attribution bias that leads managers who have experienced short-term forecasting success to become … overconfidence, managers who have predicted earnings accurately in the previous four quarters are less accurate in their subsequent … earnings predictions. These managers also display greater divergence from the analyst consensus and are more precise. Lastly …

the size of the executive team – the group of managers reporting directly to the CEO – doubled during this period, this … growth was driven primarily by an increase in functional managers rather than general managers. Using panel data on senior … functional managers in headquarters. We find that the number of functional managers closer to the product ("product" functions i …