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Stock prices react significantly to the tone (negativity of words) managers use on earnings conference calls. This …
Persistent link: https://www.econbiz.de/10012457675
This paper uses novel, firm-level measures derived from communications metadata before and after a CEO transition in 102 firms to study if CEO turnover impacts employees' communication flows. We find that CEO turnover leads to an initial decrease in intra-firm communication, followed by a...
Persistent link: https://www.econbiz.de/10012599332
A distinct feature of MNCs is a three-tier organizational structure: foreign managers (FMs) supervise domestic managers …
Persistent link: https://www.econbiz.de/10012533356
Enterprises (SOEs) in India. The program gave managers (the board of directors) of profitable SOEs more autonomy over strategic … that a manager subsequently joins a board of a private firm is greater for managers of those SOEs which were granted … may occur partly through managers' career concerns …
Persistent link: https://www.econbiz.de/10012480249
A manager's shareholders, board of directors, and potential future employers are continually assessing his ability. A rich literature has documented that this insight has profound implications for corporate governance because assessment generates incentives (good and bad), introduces assorted...
Persistent link: https://www.econbiz.de/10012458636
What makes a good leader? A good leader is able to coordinate his followers around a credible mission statement, which communicates the future course of action of the organization. In practice, leaders learn about the best course of action for the organization over time. While learning helps...
Persistent link: https://www.econbiz.de/10012464309
This paper is a non-technical and somewhat philosophical essay, that seeks to investigate the relationship between economics and reality. More precisely, it asks how reality in the form empirical evidence does or does not influence economic thinking and theory. In particular, which role do...
Persistent link: https://www.econbiz.de/10012462240
We document the representation of female economists on the conference programs at the NBER Summer Institute from 2001 …-track professors, but is ten percentage points lower than the share of women among assistant professors. Finally, within conference …
Persistent link: https://www.econbiz.de/10012453761
that firms that "cast" their conference calls by disproportionately calling on bullish analysts tend to underperform in the …
Persistent link: https://www.econbiz.de/10012459231
Many organizations provide retirement planning seminars to their employees as a benefit to help them make better informed retirement decisions. This study examines the participants in 85 seminars conducted by five companies in 2008 and 2009 to determine how much learning takes place and whether...
Persistent link: https://www.econbiz.de/10012459431