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The allocation of decision rights within organizations influences resource allocation, expansion decisions, and ultimately outcomes. Using a newly constructed dataset, I estimate the effects of an earned autonomy program for State Owned Enterprises (SOEs) in India. The program gave managers (the...
Persistent link: https://www.econbiz.de/10012480249
Using a unique 10-year panel that includes more than 13,300 expected stock market return probability distributions, we find that executives are severely miscalibrated, producing distributions that are too narrow: realized market returns are within the executives' 80% confidence intervals only...
Persistent link: https://www.econbiz.de/10012462440
Managerial know-how shapes the productivity of firms by defining the set of available technologies, production choices, and market opportunities. This know-how can be reallocated across countries as managers acquire control of factors of production abroad. In this paper, we construct a...
Persistent link: https://www.econbiz.de/10012465581
that the law constrains managerial majority shareholders, both in their day-to-day management and when they redeem the …
Persistent link: https://www.econbiz.de/10012472048
We empirically analyze the nature of returns to scale in active mutual fund management. We find strong evidence of … avoid econometric biases are insignificant. We also find that the active management industry has become more skilled over …
Persistent link: https://www.econbiz.de/10012458773
Across many sectors, research has established that management explains a notable portion of productivity differences … across organizations. A remaining question, however, is whether it is managers themselves or firm-wide management practices … this setting, managers move between stores but management practices are set by firm policy and largely fixed, allowing us …
Persistent link: https://www.econbiz.de/10014250209
Executive teams in U.S. firms are becoming increasingly partisan. We establish this new fact using political affiliations from voter registration records for top executives of S&P 1500 firms between 2008 and 2020. The new fact is explained by both an increasing share of Republican executives and...
Persistent link: https://www.econbiz.de/10013334401
promoted management training trips for European managers at US firms. Through the analysis of reports compiled by UK, France … increase thanks to the program. The fact that European businesses were not forced to adopt the American management model, but …
Persistent link: https://www.econbiz.de/10014447280
We analyze a large-scale survey of owners, managers, and employees of small businesses in the United States to understand the effects of the early stages of the COVID-19 pandemic on those businesses. The survey was fielded in late April 2020 among Facebook business page administrators, frequent...
Persistent link: https://www.econbiz.de/10012481136