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Self-, Peer-, and Teacher Perceptions under School Tracking
Malamud, Ofer; Mitrut, Andreea; Pop-Eleches, Christian; … - National Bureau of Economic Research - 2024
We examine student, teacher, and peer perceptions of effort, ability, performance, and self-confidence in Romania's highly tracked schools. We find that: (1) students just above a cutoff--tracked into high-achieving classes--have less favorable self-perceptions than those just below...
Persistent link: https://www.econbiz.de/10015056218
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CEO Turnover and Relative Performance Evaluation
Jenter, Dirk - 2006
This paper examines whether CEOs are fired after bad firm performance caused by factors beyond their control. Standard economic theory predicts that corporate boards filter out exogenous industry and market shocks to firm performance when deciding on CEO retention. Using a new hand-collected...
Persistent link: https://www.econbiz.de/10012466601
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Performance Information and Personnel Decisions in the Public Sector : The Case of School Principals
Cullen, Julie Berry - 2016
Firms and other organizations establish the criteria under which employees will be judged and the performance measures made available to supervisors, the board of directors and other stakeholders, and these structures almost certainly influence behavior and organization outcomes. Any divergence...
Persistent link: https://www.econbiz.de/10012455799
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Asset Management Contracts and Equilibrium Prices
Buffa, Andrea M. - 2014
We study the joint determination of fund managers' contracts and equilibrium asset prices. Because of agency frictions …, investors make managers' fees more sensitive to performance and benchmark performance against a market index. This makes … managers unwilling to deviate from the index and exacerbates price distortions. Because trading against overvaluation exposes …
Persistent link: https://www.econbiz.de/10012458188
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CEO Overconfidence and Innovation
Galasso, Alberto - 2010
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
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Overconfidence and Early-life Experiences : The Impact of Managerial Traits on Corporate Financial Policies
Malmendier, Ulrike - 2010
beyond traditional capital-structure determinants. First, managers who believe that their firm is undervalued view external … financing as overpriced, especially equity. Such overconfident managers use less external finance and, conditional on accessing …
Persistent link: https://www.econbiz.de/10012462992
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Which CEO Characteristics and Abilities Matter?
Kaplan, Steven N. - 2008
We study the characteristics and abilities of CEO candidates for companies involved in buyout (LBO) and venture capital (VC) transactions and relate them to hiring decisions, investment decisions, and company performance. Candidates are assessed on more than thirty individual abilities. The...
Persistent link: https://www.econbiz.de/10012464452
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Managerial Overconfidence and Corporate Policies
Ben-David, Itzhak - 2007
Miscalibration is a standard measure of overconfidence in both psychology and economics. Although it is often used in lab experiments, there is scarcity of evidence about its effects in practice. We test whether top corporate executives are miscalibrated, and whether their miscalibration impacts...
Persistent link: https://www.econbiz.de/10012464935
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CEO Overconfidence and Corporate Investment
Malmendier, Ulrike - 2004
We argue that managerial overconfidence can account for corporate investment distortions. Overconfident managers …
Persistent link: https://www.econbiz.de/10012467882
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Smart and Illicit : Who Becomes an Entrepreneur and Do They Earn More?
Levine, Ross - 2013
We disaggregate the self-employed into incorporated and unincorporated to distinguish between "entrepreneurs" and other business owners. We show that the incorporated self-employed and their businesses engage in activities that demand comparatively strong nonroutine cognitive abilities, while...
Persistent link: https://www.econbiz.de/10012459385