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A Corporate Beauty Contest
Graham, John R. - 2010
We conduct beauty contest experiments, using close to 2,000 subjects to study the facial traits of CEOs. In one experiment we use pairs of photographs and find that subjects rate CEO faces as appearing more "competent" and less "likable" than non-CEO faces. Another experiment matches CEOs from...
Persistent link: https://www.econbiz.de/10012462745
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Discrimination, Managers, and Firm Performance : Evidence from "Aryanizations" in Nazi Germany
Huber, Kilian; Lindenthal, Volker; Waldinger, Fabian - National Bureau of Economic Research - 2021
Large-scale increases in discrimination can lead to dismissals of highly qualified managers. We investigate how expulsions of senior Jewish managers, due to rising discrimination in Nazi Germany, affected large corporations. Firms that lost Jewish managers experienced persistent reductions in...
Persistent link: https://www.econbiz.de/10012533315
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Seeking Alpha : Excess Risk Taking and Competition for Managerial Talent
Acharya, Viral V. - 2013
We present a model in which managers are risk-averse and firms compete for scarce managerial talent ("alpha"). When managers are not mobile across firms, firms provide efficient compensation, which allows for learning about managerial talent and for insurance of low-quality managers. When...
Persistent link: https://www.econbiz.de/10012459770
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Management Practices, Workforce Selection and Productivity
Bender, Stefan - 2016
advanced management practices. Many of these practices - including monitoring, goal setting, and the use of incentives - are … unique data set that combines detailed survey data on the management practices of German manufacturing firms with … longitudinal earnings records for their employees to study the relationship between productivity, management, worker ability, and …
Persistent link: https://www.econbiz.de/10012456573
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Tips and Tells from Managers : How Analysts and the Market Read Between the Lines of Conference Calls
Druz, Marina - 2015
Stock prices react significantly to the tone (negativity of words) managers use on earnings conference calls. This reaction reflects reasonably rational use of information. "Tone surprise" - the residual when negativity in managerial tone is regressed on the firm's recent economic performance...
Persistent link: https://www.econbiz.de/10012457675
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Business and Financial Method Patents, Innovation, and Policy
Hall, Bronwyn H. - 2009
Two court decisions in the 1990s are widely viewed as having opened the door to a flood of business method and financial patents at the US Patent and Trademark Office, and to have also impacted other patent offices around the world. A number of scholars, both legal and economic, have critiqued...
Persistent link: https://www.econbiz.de/10012463780
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The Impacts of Managerial Autonomy on Firm Outcomes
Kala, Namrata - 2019
The allocation of decision rights within organizations influences resource allocation, expansion decisions, and ultimately outcomes. Using a newly constructed dataset, I estimate the effects of an earned autonomy program for State Owned Enterprises (SOEs) in India. The program gave managers (the...
Persistent link: https://www.econbiz.de/10012480249
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Managerial Miscalibration
Ben-David, Itzhak - 2010
Using a unique 10-year panel that includes more than 13,300 expected stock market return probability distributions, we find that executives are severely miscalibrated, producing distributions that are too narrow: realized market returns are within the executives' 80% confidence intervals only...
Persistent link: https://www.econbiz.de/10012462440
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Foreign Know-How, Firm Control, and the Income of Developing Countries
Burstein, Ariel - 2007
Managerial know-how shapes the productivity of firms by defining the set of available technologies, production choices, and market opportunities. This know-how can be reallocated across countries as managers acquire control of factors of production abroad. In this paper, we construct a...
Persistent link: https://www.econbiz.de/10012465581
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Constraints on Large-Block Shareholders
Holderness, Clifford G. - 1998
that the law constrains managerial majority shareholders, both in their day-to-day management and when they redeem the …
Persistent link: https://www.econbiz.de/10012472048