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Are CEOs' attitudes and beliefs linked to their fims' innovative performance? This paper uses Malmendier and Tate's measure of overconfidence, based on CEO stock-option exercise, to study the relationship between a CEO's "revealed beliefs" about future performance and standard measures of...
Persistent link: https://www.econbiz.de/10012462611
market reacts significantly more negatively to takeover bids by overconfident managers …
Persistent link: https://www.econbiz.de/10012467876
We examine how executives' behavior outside the workplace, as measured by their ownership of luxury goods (low "frugality") and prior legal infractions, is related to financial reporting risk. We predict and find that CEOs and CFOs with a legal record are more likely to perpetrate fraud. In...
Persistent link: https://www.econbiz.de/10012460658
across organizations. A remaining question, however, is whether it is managers themselves or firm-wide management practices … this setting, managers move between stores but management practices are set by firm policy and largely fixed, allowing us … to hone in on managers' personal roles in determining store performance. We find: (i) managers affect and explain a large …
Persistent link: https://www.econbiz.de/10014250209
Anecdotal evidence suggests that new CEOs with foreign backgrounds direct their firms to become more international in their operations. We examine this hypothesis formally using data on U.S. S&P-500 manufacturing firms from 1992 through 1997 and biographical information on CEOs' birth and...
Persistent link: https://www.econbiz.de/10012469175
A distinct feature of MNCs is a three-tier organizational structure: foreign managers (FMs) supervise domestic managers …
Persistent link: https://www.econbiz.de/10012533356
, production and sales decisions from Corporate Head Quarters to local plant managers in almost 4,000 firms in the US, Europe and …
Persistent link: https://www.econbiz.de/10012463521
pushing a subset of European countries into hyperinflation shortly after the end of the war. Germany, Austria, Poland, and …
Persistent link: https://www.econbiz.de/10012453095
We examine the relationship between wages and skill requirements in a sample of over 50,000 managers in 39 companies …
Persistent link: https://www.econbiz.de/10012471020
respect to takeovers, states have incentives to produce rules that excessively protect incumbent managers. The development of … policy basis, and, more importantly, they have provided managers with a wider and more open-ended latitude to engage in …
Persistent link: https://www.econbiz.de/10012471028