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We investigate the relation between management ownership and corporate performance, as measured by Tobin's Q. In a cross-section of Fortune 500 firms, Tobin's Q first increases and then declines as board of directors holdings rise. For older firms there is weak evidence that Q is lower when a...
Persistent link: https://www.econbiz.de/10012477014
This study documents a strong inverse relationship between accident rates and production in a sample of eleven firms in the same narrowly defined industry classification. Given the detailed set of input controls and controls for plant-specific and time-specific factors used in the analysis, the...
Persistent link: https://www.econbiz.de/10012477724
Ordeals are burdens placed on individuals that yield no direct benefits to others. They represent a dead-weight loss. Ordeals - the most common being waiting time - play a prominent role in health care. Their goal is to direct scarce resources to recipients receiving greater value from them,...
Persistent link: https://www.econbiz.de/10012479989
Missed clinic appointments present a significant burden to health care through disruption of care, inefficient use of staff time and wasted clinical resources. Short message service (SMS) appointment reminders show promise to improve clinics' management through timely appointment cancellations...
Persistent link: https://www.econbiz.de/10012482385
regulation in North Dakota's oil and gas industry and document its efficiency. Exploiting detailed well-level data, we find that …
Persistent link: https://www.econbiz.de/10012453574
heavily regulated. It also makes predictions, both across activities and across jurisdictions, for the efficiency of …
Persistent link: https://www.econbiz.de/10012462999
attributed to a single dimension of underlying firm heterogeneity, efficiency. Conditional on entry, underlying efficiency …
Persistent link: https://www.econbiz.de/10012464037
the efficiency with which they process cargo have become an ever more important topic. Yet, there exist very little data … that allows one to compare port efficiency measures of any kind across ports and, especially, over time. This paper … provides a new statistical method of uncovering port efficiency measures using U.S. Census data on imports into U.S. ports …
Persistent link: https://www.econbiz.de/10012466617
stability. Using our estimates of deterministic valuations, we measure the allocative efficiency of the C-block outcome …
Persistent link: https://www.econbiz.de/10012467005
, privatization reduces efficiency by about $5,600 per future household despite improved labor supply incentives … matching actually harms efficiency. However, increasing the progressivity of the remaining traditional system is very effective … at restoring risk sharing, thereby allowing partial privatization to produce efficiency gains of $2,700 per future …
Persistent link: https://www.econbiz.de/10012467055