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The Trillion Dollar Conundrum : Complementarities and Health Information Technology

Dranove, David - 2015

We examine the relationship between the adoption of EMR and hospital operating costs. We first identify a puzzle that has been seen in prior studies: Adoption of EMR is associated with a slight cost increase. We draw on the literature on IT and productivity to demonstrate that the average effect...

Persistent link: https://www.econbiz.de/10013036633

How Do Venture Capitalists Make Decisions?

Gompers, Paul A. - 2016

We survey 885 institutional venture capitalists (VCs) at 681 firms to learn how they make decisions across eight areas: deal sourcing; investment selection; valuation; deal structure; post-investment value-added; exits; internal firm organization; and relationships with limited partners. In selecting...

Persistent link: https://www.econbiz.de/10012983682

Exploring the Impact of Artificial Intelligence : Prediction Versus Judgment

Agrawal, Ajay K. - 2018

providing a particular set of tasks – prediction tasks. Prediction about uncertain states of the world is an input into decision … could also increase the variance of outcomes as well. We consider the role of human judgment in decision-making as … decisions to machines even when the decision would be superior with human input …

Persistent link: https://www.econbiz.de/10012918625

Prediction, Judgment and Complexity : A Theory of Decision Making and Artificial Intelligence

Agrawal, Ajay K. - 2018

. In this paper, we explore the consequences of improved prediction in decision-making. To do so, we adapt existing models … of decision-making under uncertainty to account for the process of determining payoffs. We label this process of … on whether the improvements in prediction enable automated decision-making. We discuss the implications of improved …

Persistent link: https://www.econbiz.de/10012929013

Executive Compensation and Corporate Governance in the U.S : Perceptions, Facts and Challenges

Kaplan, Steven N. - 2012

In this paper, I consider the evidence for three common perceptions of U.S. public company CEO pay and corporate governance: (1) CEOs are overpaid and their pay keeps increasing; (2) CEOs are not paid for their performance; and (3) boards do not penalize CEOs for poor performance. While average...

Persistent link: https://www.econbiz.de/10013100668

Wall Street and Main Street : What Contributes to the Rise in the Highest Incomes?

Rauh, Joshua D. - 2007

We consider how much of the top end of the income distribution can be attributed to four sectors -- top executives of non-financial firms (Main Street); financial service sector employees from investment banks, hedge funds, private equity funds, and mutual funds (Wall Street); corporate lawyers;...

Persistent link: https://www.econbiz.de/10012776462

CEO Personality and Firm Policies

Gow, Ian D. - 2016

Based on two samples of high quality personality data for chief executive officers (CEOs), we use linguistic features extracted from conferences calls and statistical learning techniques to develop a measure of CEO personality in terms of the Big Five traits: agreeableness, conscientiousness,...

Persistent link: https://www.econbiz.de/10012986297

Top Executives, Turnover and Firm Performance in Germany

Kaplan, Steven N. - 2021

This paper examines executive turnover -- both for management and supervisory boards - - and its relation to firm performance in the largest companies in Germany in the 1980s. The management board turns over slowly -- at a rate of 10% per year -- implying that top executives in Germany have...

Persistent link: https://www.econbiz.de/10013218102

Which CEO Characteristics and Abilities Matter?

Kaplan, Steven N. - 2014

We study the characteristics and abilities of CEO candidates for companies involved in buyout (LBO) and venture capital (VC) transactions and relate them to hiring decisions, investment decisions, and company performance. Candidates are assessed on more than thirty individual abilities. The...

Persistent link: https://www.econbiz.de/10012751371

Are CEOS Different? Characteristics of Top Managers

Kaplan, Steven N. - 2017

We use a dataset of over 2,600 executive assessments to study thirty individual characteristics of candidates for top executive positions – CEO, CFO, COO and others. We classify the thirty candidate characteristics with four primary factors: general ability, execution vs. interpersonal,...

Persistent link: https://www.econbiz.de/10012947633