Showing 1 - 10 of 240
'firm size effects,' and lend additional support to the view that a role hierarchies play in legal services is to help …
Persistent link: https://www.econbiz.de/10005777504
As firms have more assets in place, more of management's limited attention is focused on managing assets in place rather than developing new growth options. Consequently, as firms grow older, they have fewer growth options and a lower ability to generate new growth options. This simple theory...
Persistent link: https://www.econbiz.de/10010950710
CEOs are more likely to delegate decision authority when the firm is large or complex. Delegation is less likely when the …
Persistent link: https://www.econbiz.de/10009277253
This paper explores the impact of target CEOs' retirement preferences on the incidence, the pricing, and the outcomes of takeover bids. Mergers frequently force target CEOs to retire early, and CEOs' private merger costs are the forgone benefits of staying employed until the planned retirement...
Persistent link: https://www.econbiz.de/10009652858
Using firm-, industry-, and country-level data, we document a link between family ownership and labor relations. Across …, consistent with firm-level evidence suggesting that family firms are particularly effective at coping with difficult labor …
Persistent link: https://www.econbiz.de/10005829387
Motivated by theories of the firm, which we classify as technological' or organizational,' we analyze the determinants … of firm size across industries and across countries in a sample of 15 European countries. We find that, on average, firms … development, such as greater judicial efficiency, seems to be correlated with lower dispersion in firm size within an industry …
Persistent link: https://www.econbiz.de/10005777528
This paper examines whether CEOs are fired after bad firm performance caused by factors beyond their control. Standard … economic theory predicts that corporate boards filter out exogenous industry and market shocks to firm performance when … the industry component of firm performance from its 75th to its 25th percentile increases the probability of a forced CEO …
Persistent link: https://www.econbiz.de/10005580178
choosing a lower index firm could lead many workers to choose a higher-cost fund for them. We find that before the index … and policies aimed at aiding consumer decision-making also need to incorporate firm incentives to be effective. …
Persistent link: https://www.econbiz.de/10010950659
constraints may impede experimentation, and thus limit learning about the profitability of alternative firm sizes. The model shows …
Persistent link: https://www.econbiz.de/10010950711
This paper examines how advertising impacts competition and equilibrium prices in the context of a privatized pension market. We use detailed administrative data on fund manager choices and worker characteristics at the inception of Mexico's privatized social security system, where fund managers...
Persistent link: https://www.econbiz.de/10010951291