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Benson, Alan - 2018

The best worker is not always the best candidate for manager. In these cases, do firms promote the best potential manager or the best worker in her current job? Using microdata on the performance of sales workers at 214 firms, we find evidence consistent with the “Peter Principle,” which...

Persistent link: https://www.econbiz.de/10012927014

CEO Behavior and Firm Performance

Bandiera, Oriana - 2017

We measure the behavior of 1,114 CEOs in six countries parsing granular CEO diary data through an unsupervised machine learning algorithm. The algorithm uncovers two distinct behavioral types: “leaders” and “managers”. Leaders focus on multi-function, high-level meetings, while managers...

Persistent link: https://www.econbiz.de/10012960702

How Do Quasi-Random Option Grants Affect CEO Risk-Taking?

Shue, Kelly - 2019

We examine how an increase in stock option grants affects CEO risk-taking. The overall net effect of option grants is theoretically ambiguous for risk-averse CEOs. To overcome the endogeneity of option grants, we exploit institutional features of multi-year compensation plans, which generate two...

Persistent link: https://www.econbiz.de/10012902373

Growth Through Rigidity : An Explanation for the Rise in CEO Pay

Shue, Kelly - 2018

The dramatic rise in CEO compensation during the 1990s and early 2000s is a longstanding puzzle. In this paper, we show that much of the rise can be explained by a tendency of firms to grant the same number of options each year. Number-rigidity implies that the grant-date value of option awards...

Persistent link: https://www.econbiz.de/10012936509

The Impact of CEOS in the Public Sector : Evidence from the English NHS

Janke, Katharina - 2019

We investigate whether top managers affect the performance of large and complex public sector organizations, using as a case study CEOs of English public hospitals (large, complex organizations with multi-million turnover). We study the extent to which CEOs are differentiated in terms of their...

Persistent link: https://www.econbiz.de/10012870059

Managing the Family Firm : Evidence from CEOS at Work

Bandiera, Oriana - 2015

We present evidence on the labor supply of CEOs, and on whether family and professional CEOs differ on this dimension. We do so through a new survey instrument that allows us to codify CEOs' diaries in a detailed and comparable fashion, and to build a bottom-up measure of CEO labor supply. The...

Persistent link: https://www.econbiz.de/10013034569

How Do CEOS Make Strategy?

Yang, Mu-Jeung; Christensen, Michael; Bloom, Nicholas; … - 2022

We explore the critical question of how executives make strategic decisions. Utilizing a new survey of 262 CEO alumni of Harvard Business School, we gather evidence on four aspects of each executive’s business strategy: its overall structure, its formalization, its development, and its...

Persistent link: https://www.econbiz.de/10013406889

Matching Firms, Managers and Incentives

Bandiera, Oriana - 2012

We exploit a unique combination of administrative sources and survey data to study the match between firms and managers. The data includes manager characteristics, such as risk aversion and talent; firm characteristics, such as ownership; detailed measures of managerial practices relative to...

Persistent link: https://www.econbiz.de/10013115322

The New Empirical Economics of Management

Bloom, Nicholas - 2014

Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across … recent work on management practices. Our preliminary results suggest that about a quarter of cross-country and within …-country TFP gaps can be accounted for by management practices. Management seems to matter both qualitatively and quantitatively …

Persistent link: https://www.econbiz.de/10013054045

Management as a Technology?

Bloom, Nicholas - 2016

Are some management practices akin to a technology that can explain firm and national productivity, or do they simply … reflect contingent management styles? We collect data on core management practices from over 11,000 firms in 34 countries. We … find large cross-country differences in the adoption of management practices, with the US having the highest size …

Persistent link: https://www.econbiz.de/10012989131