We show that economic conditions when managers enter the labor market have long-run effects on their career paths and … managerial styles. Managers who began their careers during recessions become CEOs more quickly, but at smaller firms. They also … environment is important to the formation and selection of managers …

, selection does not impede the promotion of behavioral managers. Instead, competitive environments oftentimes promote their …

Time-inconsistency of no-bailout policies can create incentives for banks to take excessive risks and generate …