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 …

This paper examines executive turnover -- both for management and supervisory boards - - and its relation to firm … performance in the largest companies in Germany in the 1980s. The management board turns over slowly -- at a rate of 10% per year … management board increases significantly with stock performance and particularly poor (i.e. negative) earnings, but is unrelated …

This paper compares CEO and top management turnover and its relation to firm performance in the largest companies (by … sales) in Japan and the U.S. Japanese top managers are older and have shorter tenures as top managers than their U …