responds more to increases in shareholders' return performance than to decreases. Further, this asymmetry is stronger when …

In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … management quality - measured using a new survey tool - is strongly correlated with financial and clinical outcomes such as … a greater number of neighboring hospitals) is positively correlated with increased management quality, and this …

through time, allowing for the possibility of replacing a shirking manager; firms have many managers, constraining the amount …

Shareholders have imperfect ontrol over the decisions of the management of a firm. We integrate a widely accepted …-building managers who prefer to invest all free cash flow rather than distributing it to shareholders. Sharefholders are aware of this …

restructuring; the more so in codetermined firms. We also examine whether shareholders respond to codetermination with more …

centers on fixed-rate deposit insurance: the insurance gives bank shareholders an incentive to take on risk when the value of …

We link a new UK management survey covering 8,000 firms to panel data on productivity in manufacturing and services …. There is a large variation in management practices, which are highly correlated with productivity, profitability and size …

We use an innovative survey tool to collect management practice data from 732 medium sized manufacturing firms in the …-level productivity, profitability, Tobin's Q, sales growth and survival rates. Management practices also display significant cross … tail of extremely badly managed firms. We find that poor management practices are more prevalent when (a) product market …

Understanding how differences in management "best practices" affect organizational outcomes has been a focus of both … theoretical and empirical work in the fields of management, sociology, economics and public policy. The World Management Survey … (WMS) project was born almost two decades ago with the main goal of developing a new systematic measure of management …