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Are CEOs' attitudes and beliefs linked to their fims' innovative performance? This paper uses Malmendier and Tate's measure of overconfidence, based on CEO stock-option exercise, to study the relationship between a CEO's "revealed beliefs" about future performance and standard measures of...
Persistent link: https://www.econbiz.de/10013069805
Lawyers now serve as executives in 44% of corporations. Although endowed with gatekeeping responsibilities, executive lawyers face increasing pressure to use time on strategic efforts. In a lawyer fixed effects model, we quantify that lawyers are half as important as CEOs in explaining variances...
Persistent link: https://www.econbiz.de/10012983669
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
The US Civil War provides researchers a unique opportunity to identify wartime leaders and thus to test theories of leadership. By observing both leaders and followers during the war and forty years after it, I establish that the most able became wartime leaders, that leading by example from the...
Persistent link: https://www.econbiz.de/10013120320
management styles (i.e., manager fixed effects in corporate policies). Finally, the method used in the paper has a number of …
Persistent link: https://www.econbiz.de/10013120991
In an earlier paper (Blinder and Morgan, 2005), we created an experimental apparatus in which Princeton University students acted as ersatz central bankers, making monetary policy decisions both as individuals and in groups. In this study, we manipulate the size and leadership structure of...
Persistent link: https://www.econbiz.de/10012759844
large Indian garment firm with rich survey data on line managers, we find that several key dimensions of managerial quality …
Persistent link: https://www.econbiz.de/10012870084
Using a survey of 800 CEOs in 22 emerging economies we show that CEOs' management styles and philosophy vary with the … hierarchical management, and feel more accountable to stakeholders such as employees and banks than they do to shareholders. They … arrangements in how intensively family members are involved in management …
Persistent link: https://www.econbiz.de/10013063090
We study the processes of firm growth in the evolution of the Japanese cotton spinning industry during 1883-1914 by integrating strategy and historical approaches and utilizing rich quantitative firm-level data and detailed business histories. The resultant conceptual model highlights growth...
Persistent link: https://www.econbiz.de/10012916178
Tracking the movement of top managers across firms, we document the importance of manager-specific fixed effects in … managers’ corporate strategies, such as their preferences for internal growth and financial conservatism. Managers’ early …
Persistent link: https://www.econbiz.de/10013306635