individual has been a member of an elite team than when he has been a member of lower level teams. The conclusion is borne out by … who joined elite teams after an exogenous shift in the number of foreign players participating on top club teams …, performance of players on national teams in the year just before and the year just after they join an elite club team, and …

This paper begins the task of explaining why the American business elite has remained white, male and mostly native … that this demographic group makes the best business managers. I suggest that this in turn is not because they are …

This paper replicates a classic study of the American business elite. The older study done a half-century ago, reported … the composition of the" American business elite has changed. As in the earlier study, the business elite is compared to a …" sample of political leaders. I find that democratization of the business elite has progressed only" slightly in the past …

Managerial delegation is essential for firm growth. While firms in poor countries often shun outside managers and …. We calibrate the model to firm-level data from the U.S. and India. We show that the model is quantitatively consistent … quantitative analysis shows that the low efficiency of delegation in India can account for 5% of productivity and 15% of income …

learning algorithm. The algorithm uncovers two distinct behavioral types: “leaders” and “managers”. Leaders focus on multi …-function, high-level meetings, while managers focus on one-to-one meetings with core functions. Firms with leader CEOs are on average …

large Indian garment firm with rich survey data on line managers, we find that several key dimensions of managerial quality …

. We derive the optimal compensation contracts for managers and demonstrate that the use of high-powered incentives will be … limited by the need to soften product market competition. In particular, when managers can be compensated based on their own …

result of powerful managers setting their own pay. Others interpret high pay as the result of optimal contracting in a …