Compensation, status, and press coverage of managers in the U.S. follow a highly skewed distribution: a small number of … books. The incidence of earnings management increases after winning awards. The effects are strongest in firms with weak … that the ex-post consequences of media-induced superstar status for shareholders are negative …

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

beyond traditional capital-structure determinants. First, managers who believe that their firm is undervalued view external … financing as overpriced, especially equity. Such overconfident managers use less external finance and, conditional on accessing …

and within firms, including variation in debt conservatism and in pecking-order behavior. Managers who believe that their …

market reacts significantly more negatively to takeover bids by overconfident managers …

We argue that managerial overconfidence can account for corporate investment distortions. Overconfident managers …

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 …

corporate decisions, though not necessarily in the interest of shareholders. First, when commercial bankers join boards … regulatory proposals, may not benefit shareholders if conflicting interests are neglected …

We present a heterogeneous-firm model in which management ability increases both production efficiency and product … quality. Combining six micro-datasets on management practices, production and trade in Chinese and American firms, we find … inputs, and imported inputs from more advanced countries. The structural estimates indicate that management is important for …

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 …