Similar Search Results

On the Direct and Indirect Real Effects of Credit Supply Shocks

Alfaro, Laura - 2019

. We combine administrative data on all firms in Spain with a matched bank-firm-loan dataset on the universe of corporate …

Persistent link: https://www.econbiz.de/10012894440

Does Innovation Stimulate Employment? A Firm-Level Analysis Using Comparable Micro-Data from Four European Countries

Harrison, Rupert - 2014

innovative and unchanged products is developed and estimated using comparable firm-level data from France, Germany, Spain and the …

Persistent link: https://www.econbiz.de/10012751345

Covid-19 and SME Failures

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - 2021

We estimate the impact of COVID-19 on business failures for small and medium sized enterprises (SMEs) using firm-level data in seventeen countries. Absent government support, the failure rate of SMEs would have increased by 9.1 percentage points, representing 4.6 percent of private sector...

Persistent link: https://www.econbiz.de/10013244116

CEO Overconfidence and Innovation

Galasso, Alberto - 2014

Are CEOs' attitudes and beliefs linked to their fims' innovative performance? This paper uses Malmendier and Tate's measure of overconfidence, based on CEO stock-option exercise, to study the relationship between a CEO's "revealed beliefs" about future performance and standard measures of...

Persistent link: https://www.econbiz.de/10013069805

Executive Lawyers : Gatekeepers or Strategic Officers?

Morse, Adair - 2016

Lawyers now serve as executives in 44% of corporations. Although endowed with gatekeeping responsibilities, executive lawyers face increasing pressure to use time on strategic efforts. In a lawyer fixed effects model, we quantify that lawyers are half as important as CEOs in explaining variances...

Persistent link: https://www.econbiz.de/10012983669

How Do CEOS Make Strategy?

Yang, Mu-Jeung; Christensen, Michael Q.; Bloom, Nicholas; … - 2022

We explore the critical question of how executives make strategic decisions. Utilizing a new survey of 262 CEO alumni of Harvard Business School, we gather evidence on four aspects of each executive’s business strategy: its overall structure, its formalization, its development, and its...

Persistent link: https://www.econbiz.de/10013406889

The Dark Side of Outside Directors : Do They Quit When They are Most Needed?

Fahlenbrach, Rüdiger - 2015

Outside directors have incentives to resign to protect their reputation or to avoid an increase in their workload when they anticipate that the firm on whose board they sit will perform poorly or disclose adverse news. We call these incentives the dark side of outside directors. We find strong...

Persistent link: https://www.econbiz.de/10013038902

Family Descent as a Signal of Managerial Quality : Evidence from Mutual Funds

Chuprinin, Oleg - 2016

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

Do CEOS Know Best? Evidence from China

Bloom, Nicholas - 2018

unique aspect of this survey is it collected management data from the CEO, a random sample of senior managers and workers. We … poorly managed firms. This distribution of management scores is similar for CEOs, senior managers and workers management, and …, we find that the CEO's management scores are the most predictive of firm performance, followed by the senior managers and …

Persistent link: https://www.econbiz.de/10012916161

Compensation and Firm Performance

Ehrenberg, Ronald G.; Milkovich, George T. - 2021

This paper uses stochastic simulation and my U.S. econometric model to examine the optimal choice of monetary policy instruments. Are the variances, covariances, and parameters in the model such as to favor one instrument over the other, in particular the interest rate over the money supply? The...

Persistent link: https://www.econbiz.de/10013228257