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 …

no evidence that banks with CEOs whose incentives were better aligned with the interests of their shareholders performed …

supervisors required banks to raise more capital during the crisis and that doing so was costly for shareholders. Large banks with …

This paper examines how governance and risk management affect risk-taking in banks. It distinguishes between good risks … cost effective to do so. The role of risk management in such a bank is not to reduce the bank's total risk per se. It is to …. Organizing the risk management function so that it plays that role is challenging because there are limitations in measuring risk …

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 …

's q. Because managers sell shares when a firm's stock is performing well, large contemporaneous decreases in managerial …

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 …