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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
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
We use detailed assessments of CEO personalities to explore the option-based measure of CEO overconfidence, Longholder, introduced by Malmendier and Tate (2005a) and widely used in the behavioral corporate finance and economics literatures. Longholder is significantly related to several specific...
Persistent link: https://www.econbiz.de/10013403386
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
evaluate their managers on worker and firm outcomes. In the treatment teams, workers evaluate their supervisors monthly. We … driven by changes in the behavior of managers and an overall better relationship between managers and workers …
Persistent link: https://www.econbiz.de/10013300787
When there is uncertainty about a CEO's quality, news about the firm causes rational investors to update their expectation of the firm's profitability for two reasons: Updates occur because of the direct effect of the news, and also because the news can cause an updated assessment of the CEO's...
Persistent link: https://www.econbiz.de/10013085131
We study the relation between mutual fund managers' family backgrounds and their professional performance. Using hand …-collected data from individual Census records on the wealth and income of managers' parents, we find that managers from poor families … deliver higher alphas than managers from rich families. This result is robust to alternative measures of fund performance …
Persistent link: https://www.econbiz.de/10012984776
Would moving to relative performance contracts improve the alignment between CEO pay and performance? To address this we exploit the large rise in relative performance awards and the share of equity pay in the UK over the last two decades. Using new employer-employee matched datasets we find...
Persistent link: https://www.econbiz.de/10012986698
to build a bottom-up measure of CEO labor supply. The comparison of 1,114 family and professional CEOs reveals that …
Persistent link: https://www.econbiz.de/10013034569
minority job performance. In the stores studied, cashiers work with different managers on different days and their schedules … are determined quasi-randomly. When minority cashiers, but not majority cashiers, are scheduled to work with managers who … minority workers: while on average minority and majority workers perform equivalently, on days where managers are unbiased …
Persistent link: https://www.econbiz.de/10012980186