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Beyond its immediate impact on public health and the economy, the COVID-19 pandemic has put democracy under stress. While a common view is that people should blame the government rather than the political system for bad crisis management, an opposing view is that dissatisfaction with government...
Persistent link: https://www.econbiz.de/10013313150
Stock prices react significantly to the tone (negativity of words) managers use on earnings conference calls. This …
Persistent link: https://www.econbiz.de/10013027252
CEOs of public companies have influence over the political spending of their firms, which has been attracting significant attention since the Supreme Court decision in Citizens United. Furthermore, the policy views expressed by CEOs receive substantial consideration from policymakers and the...
Persistent link: https://www.econbiz.de/10012871142
We present a model in which managers are risk-averse and firms compete for scarce managerial talent ("alpha"). When … managers are not mobile across firms, firms provide efficient compensation, which allows for learning about managerial talent … and for insurance of low-quality managers. When instead managers can move across firms, firms cannot offer co …
Persistent link: https://www.econbiz.de/10013085052
In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … geographic proximity is a key determinant of competition, and English public hospitals where political competition can be used to … survival rates from emergency heart attack admissions (AMI). More importantly, we find that higher competition (as indicated by …
Persistent link: https://www.econbiz.de/10013069806
The folk wisdom is that competition reduces agency costs. We provide indirect empirical support for this view. We argue …
Persistent link: https://www.econbiz.de/10013311862
How do people form beliefs about novel risks, with which they have little or no experience? A 2020 US survey of beliefs about the lethality of Covid reveals that the elderly underestimate, and the young overestimate, their own risks, and that people with more health adversities are more...
Persistent link: https://www.econbiz.de/10014078598
During the course of the COVID-19 pandemic, a common strategy for public health organizations around the world has been to launch interventions via advertising campaigns on social media. Despite this ubiquity, little has been known about their average effectiveness. We conduct a large-scale...
Persistent link: https://www.econbiz.de/10014079934
This paper provides a simple conceptual framework that captures how different perceptions, attitudes, and biases about immigrants or minorities can shape preferences for redistribution. Through the lens of this framework, we review the empirical literature on the effects of racial diversity and...
Persistent link: https://www.econbiz.de/10014102453
We repeat a survey we did in the waning days of the Soviet Union (Shiller, Boycko and Korobov, AER 1991) comparing attitudes towards free markets between Moscow and New York. Additional survey questions, from Gibson Duch and Tedin (J. Politics 1992) are added to compare attitudes towards...
Persistent link: https://www.econbiz.de/10012997900