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work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in … difficult times when the typical firm size shrinks. We find further that domestic and global competition for managers has …
Persistent link: https://www.econbiz.de/10013108264
This paper investigates whether and how various characteristics of CEOs and corporate boards are related to the severity of corporate governance problems within firms. The latter is proxied by private benefits of control, which we measure for dual class stock firms using the voting premium...
Persistent link: https://www.econbiz.de/10013112769
ownership and supervisory board size, we do find significant entrenchments effects associated with ownership by managers …
Persistent link: https://www.econbiz.de/10013156404
This paper studies the effect on company performance of appointing non-executive directors that are also executive directors in other firms. The analysis is based on a new panel dataset of UK companies over 2002-2008. Our findings suggest a positive relationship between the presence of these...
Persistent link: https://www.econbiz.de/10013058307
On theoretical grounds, monitoring of top executives by the (supervisory) board is expected to be value relevant. The empirical evidence is ambiguous and we analyze three non-competing explanations for this ambiguity: (i) The positive effect on firm value of board monitoring is hidden in stock...
Persistent link: https://www.econbiz.de/10013316805
We examine the impact of management practices on firm performance among SMEs in Britain over the period 2011 …-2014, using a unique dataset which links survey data on management practices with firm performance data from the UK's official … business register. We find that SMEs are less likely to use formal management practices than larger firms, but that such …
Persistent link: https://www.econbiz.de/10012923226
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/10013045046
-stereotyping in a large cross section of (about 2,970) managers at different job levels in (1,875) Danish private-sector firms. The … survey data used contain detailed information about the managers as well as their employers. We find significant gender … differences between managers with regard to gender stereotyping attitudes. Male managers on average tend to have stronger gender …
Persistent link: https://www.econbiz.de/10012948650
Female entrepreneurship has been regarded as inferior to its male equivalent in terms of performance. Literature on gender differences in entrepreneurship focus mostly on showing the differences, but not much literature discusses where the differences come from, and how to mitigate them. This...
Persistent link: https://www.econbiz.de/10013314725
Creativity is often highly concentrated in time and space, and across different domains. What explains the formation and decay of clusters of creativity? In this paper we match data on thousands of notable individuals born in Europe between the XIth and the XIXth century with historical data on...
Persistent link: https://www.econbiz.de/10012861308