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related to the change in their management performance. We use new and unique data from a recent large scale firm survey of … management practices in Germany. We calculate management scores for firms as in Bloom et al. (2013), which indicate how … structured management is in a given firm. We find that switching into exporting, and to a lesser degree opening up affiliates …
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"We propose and test a catering theory of nominal stock prices. The theory predicts that when investors place higher valuations on low-price firms, managers will maintain share prices at lower levels, and vice-versa. Using measures of time-varying catering incentives based on valuation ratios,...
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public fund management practices, focusing on ways to formulate and build a strong governance structure for managing the … pension funds, to highlight similarities and differences between these. We also explore how their management structure relates …
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