I analyze skill's role in active management under general equilibrium with many assets and costly trading. More … management in aggregate then corrects prices more, shrinking the profits those opportunities offer. The latter effect can … dominate in a setting consistent with numerous empirical properties of active management and stock returns …

statistically and economically significant predictor of whether a hospital replaces its management with a new team of for …-profit managers. We also find that hospitals replacing their management subsequently upcode more than a sample of similar hospitals …

and economically sound public fund management practices in these funds, as well as how to evaluate their governance and … finance literature, we also link their management to governance practices and country-specific characteristics, and contrast …

industry-wide shocks, (v) lower likelihood of CEO turnover controlling for performance, and (vi) lower firm … management and governance that deserves the attention of researchers …

We use an innovative methodology to measure management practices in over 300 manufacturing firms in the UK. We then … match this management data to production and energy usage information for establishments owned by these firms. We find that … relation to other factor inputs. This is quantitatively substantial: going from the 25th to the 75th percentile of management …

We use an innovative survey tool to collect management practice data from 732 medium sized manufacturing firms in the …-level productivity, profitability, Tobin%u2019s Q, sales growth and survival rates. Management practices also display significant cross … tail of extremely badly managed firms. We find that poor management practices are more prevalent when (a) product market …