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Managerial Attributes and Executive Compensation
Graham, John R. - 2011
We study the role of firm- and manager-specific heterogeneities in executive compensation. We decompose the variation in executive compensation and find that time invariant firm and especially manager fixed effects explain a majority of the variation in executive pay. We then show that in many...
Persistent link: https://www.econbiz.de/10012461290
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History, Expectations, and Leadership in the Evolution of Social Norms
Acemoglu, Daron - 2011
We study the evolution of the social norm of "cooperation" in a dynamic environment. Each agent lives for two periods and interacts with agents from the previous and next generations via a coordination game. Social norms emerge as patterns of behavior that are stable in part due to agents'...
Persistent link: https://www.econbiz.de/10012461578
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Managerial Quality and Productivity Dynamics
Adhvaryu, Achyuta - 2019
Which managerial skills, traits, and practices matter most for productivity? How does the observability of these features affect how appropriately they are priced into wages? Combining two years of daily, line-level production data from a large Indian garment firm with rich survey data on line...
Persistent link: https://www.econbiz.de/10012479801
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The Effect of Managers on Systematic Risk
Schoar, Antoinette - 2020
Tracking the movement of top managers across firms, we document the importance of manager-specific fixed effects in explaining heterogeneity in firm exposures to systematic risk. These differences in systematic risk are partially explained by managers' corporate strategies, such as their...
Persistent link: https://www.econbiz.de/10012481342
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Centers of Gravity : The Effect of Stable Shared Leadership in Top Management Teams on Firm Growth and Industry Evolution
Agarwal, Rajshree - 2018
We study the processes of firm growth in the evolution of the Japanese cotton spinning industry during 1883-1914 by integrating strategy and historical approaches and utilizing rich quantitative firm-level data and detailed business histories. The resultant conceptual model highlights growth...
Persistent link: https://www.econbiz.de/10012452978
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Do Well Managed Firms Make Better Forecasts?
Bloom, Nicholas; Kawakubo, Takafumi; Meng, Charlotte; … - National Bureau of Economic Research - 2021
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. Uniquely, the survey collects firms' micro forecasts of...
Persistent link: https://www.econbiz.de/10012794618
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Management and Misallocation in Mexico
Bloom, Nicholas; Iacovone, Leonardo; Pereira-López, Mariana - National Bureau of Economic Research - 2022
We argue that greater misallocation is a key driver of the worse management practices in Mexico compared to the US. These management practices are strongly associated with higher productivity, growth, trade, and innovation. One indicator of greater misallocation in Mexico is the weaker...
Persistent link: https://www.econbiz.de/10012938686
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Leadership : A Personnel Economics Approach
Lazear, Edward P. - 2010
A theory of leadership is proposed and tested. Leaders are characterized as those who have the ability to choose the … right direction more frequently than their peers. The theory implies that leaders tend to be more able, place themselves in … highest variance industries, where decision making has the greatest payoff. The theory is tested using data on Stanford …
Persistent link: https://www.econbiz.de/10012462733
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Leadership in Groups : A Monetary Policy Experiment
Blinder, Alan S. - 2007
In an earlier paper (Blinder and Morgan, 2005), we created an experimental apparatus in which Princeton University students acted as ersatz central bankers, making monetary policy decisions both as individuals and in groups. In this study, we manipulate the size and leadership structure of...
Persistent link: https://www.econbiz.de/10012465259
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Leaders : Privilege, Sacrifice, Opportunity and Personnel Economics in the American Civil War
Costa, Dora - 2011
The US Civil War provides researchers a unique opportunity to identify wartime leaders and thus to test theories of leadership. By observing both leaders and followers during the war and forty years after it, I establish that the most able became wartime leaders, that leading by example from the...
Persistent link: https://www.econbiz.de/10012461276