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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
We study the role of firm- and manager-specific heterogeneities in executive compensation. We decompose the variation in executive compensation and find that time invariant firm and especially manager fixed effects explain a majority of the variation in executive pay. We then show that in many...
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 control rights and involvement of the owning family and founder: CEOs of firms with greater family involvement have more hierarchical management, and feel more accountable to...
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
We develop a neoclassical trade model with heterogeneous factors of production. We consider a world with two factors …, labor and "managers", each with a distribution of ability levels. Production combines a manager of some type with a group of …
Persistent link: https://www.econbiz.de/10013074651
This paper finds that globalization is contributing to the rapid increase in executive compensation over the last few … executives at firms with poor corporate governance, as one would expect if globalization has enhanced rent-capture opportunities …. Overall, these results indicate that globalization has played a more central role in the rapid growth of executive …
Persistent link: https://www.econbiz.de/10012956923
managers. Flows respond quickly and strongly to performance; lagged performance has a monotonically decreasing impact on flows … times as large as direct incentives from incentive fees and returns to managers' own investment in the fund. For new funds … generated for their investors in a given year, managers receive close to another dollar in direct performance fees plus the …
Persistent link: https://www.econbiz.de/10013084738