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Optimal Monetary Policy with Informational Frictions

Angeletos, George-Marios - 2011

This paper studies optimal policy in a business-cycle setting in which firms have a blurry understanding of the state of the economy due to informational or cognitive constraints. The latter are not only the source of nominal rigidity but also an impediment in the coordination of production. The...

Persistent link: https://www.econbiz.de/10013118850

Mutual Fund Performance and the Incentive to Generate Alpha

Del Guercio, Diane - 2011

find that flows chase risk-adjusted returns, and that funds respond by investing more in active management. Importantly …

Persistent link: https://www.econbiz.de/10013119774

International Trade : Linking Micro and Macro

Eaton, Jonathan - 2014

A recent literature has introduced heterogeneous firms into models of international trade. This literature has adopted the convention of treating individual firms as points on a continuum. While the continuum offers many advantages this convenience comes at some cost: (1) Shocks to individual...

Persistent link: https://www.econbiz.de/10013066573

Does Trade Globalization Induce or Inhibit Corporate Transparency? Unbundling the Growth Potential and Product Market Competition Channels

Tong, Hui - 2014

How does increasing globalization affect corporate transparency? Freer trade represents different facets and in theory has ambiguous effects on corporate transparency. On the one hand, by exposing firms to more product market competition, it could discourage discretionary disclosure. On the...

Persistent link: https://www.econbiz.de/10013067063

Does Management Matter? Evidence from India

Bloom, Nicholas - 2014

A long-standing question in social science is to what extent differences in management cause differences in firm … performance. To investigate this we ran a management field experiment on large Indian textile firms. We provided free consulting … on modern management practices to a randomly chosen set of treatment plants and compared their performance to the control …

Persistent link: https://www.econbiz.de/10013068799

Performance Evaluation of Zero Net-Investment Strategies

Jorda, Oscar - 2011

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

Supervisors and Performance Management Systems

Frederiksen, Anders - 2017

We study how heterogeneity in performance evaluations across supervisors affects employee and supervisor careers and firm outcomes using data on the performance system of a Scandinavian service sector firm. We show that supervisors vary widely in how they rate subordinates of similar quality. To...

Persistent link: https://www.econbiz.de/10012957380

Performance Information and Personnel Decisions in the Public Sector : The Case of School Principals

Cullen, Julie Berry - 2016

Firms and other organizations establish the criteria under which employees will be judged and the performance measures made available to supervisors, the board of directors and other stakeholders, and these structures almost certainly influence behavior and organization outcomes. Any divergence...

Persistent link: https://www.econbiz.de/10012978098

The Compositional Effect of Rigorous Teacher Evaluation on Workforce Quality

Cullen, Julie Berry - 2016

Improving public sector workforce quality is challenging in sectors such as education where worker productivity is difficult to assess and manager incentives are muted by political and bureaucratic constraints. In this paper, we study how providing improved information to principals about...

Persistent link: https://www.econbiz.de/10012979766

The Gender Gap in Self-Promotion

Exley, Christine L - 2019

In applications, interviews, performance reviews, and many other environments, individuals are explicitly asked or implicitly invited to assess their own performance. In a series of experiments, we find that women rate their performance less favorably than equally performing men. This gender gap...

Persistent link: https://www.econbiz.de/10012861731