document that investors recognize this skill and reward it by investing more capital with skilled managers. Higher skilled … managers are paid more and there is a strong positive correlation between current managerial compensation and future …

30% of the value mutual fund managers add can be attributed to the firm's role in efficiently allocating capital amongst … its mutual fund managers. We find no evidence of a similar effect when a firm hires managers from another firm. We …

We examine the relationship between wages and skill requirements in a sample of over 50,000 managers in 39 companies … between 1986 and 1992. The data include an unusually good measure of job requirements and skills that can proxy for human …

Micro level studies in developing countries suggest managerial skills play a key role in the adoption of modern … technologies. The human resources literature suggests that managerial skills are difficult to codify and learn formally, but … possibilities are internalized in the market, and where managers are complementary inputs to non-managerial workers. The paper …