Showing 1 - 10 of 412
Expansion of the use of student test score data to measure teacher performance has fueled recent policy interest in … capacity of student performance data to uncover principal effects. Filling this gap, this article identifies multiple … consistent with measures of principal performance that come from sources other than student test scores, such as school district …
Persistent link: https://www.econbiz.de/10013097278
What mental models do individuals use to approximate their tax schedule? Using incentivized forecasts of the U.S. Federal income tax schedule, we estimate the prevalence of the “schmeduling” heuristics for constructing mental representations of nonlinear incentive schemes. We find evidence...
Persistent link: https://www.econbiz.de/10012978097
This paper examines whether CEOs are fired after bad firm performance caused by factors beyond their control. Standard … economic theory predicts that corporate boards filter out exogenous industry and market shocks to firm performance when … are significantly more likely to be dismissed from their jobs after bad industry and bad market performance. A decline in …
Persistent link: https://www.econbiz.de/10013222315
We adapt simple tools from computational linguistics to construct a new measure of political risk faced by individual US firms: the share of their quarterly earnings conference calls that they devote to political risks. We validate our measure by showing it correctly identifies calls containing...
Persistent link: https://www.econbiz.de/10012943186
for distortions to explain large TFP gaps. The effect of curvature on the impact and measurement of distortions is also …
Persistent link: https://www.econbiz.de/10013048598
measurement error. Our method exploits how revenue growth is less sensitive to input growth when a plant’s average products are … overstated by measurement error. For Indian manufacturing from 1985-2013, our correction lowers potential gains from reallocation …
Persistent link: https://www.econbiz.de/10013314323
Within the last five years, Canada, Sweden and New Zealand have joined the ranks of the United Kingdom and other countries in issuing government bonds that are indexed to inflation. Some observers of the experience in these countries have argued that the United States should follow suit. This...
Persistent link: https://www.econbiz.de/10013234354
Large shareholders may play an important role for firm performance and policies, but identifying this empirically …
Persistent link: https://www.econbiz.de/10013120315
This paper introduces new nonparametric statistical methods to evaluate zero-cost investment strategies. We focus on directional trading strategies, risk-adjusted returns, and the investor's decisions under uncertainty as the core of our analysis. By relying on classification tools with a long...
Persistent link: https://www.econbiz.de/10013123682
flows and performance. In the cross-section, varying the beta used to assess relative performance has a large effect on … liquidity providers (sinks) when market valuations are high (low). Venture cash flows and performance are considerably more …
Persistent link: https://www.econbiz.de/10013067387