Showing 1 - 10 of 1,077
This paper investigates how shocks to expected cash flows influence CEO incentive compensation. Exploiting changes in compliance with environmental regulations as shocks to expected future cash flows, we find that adverse shocks typically prompt corporate boards to recalibrate CEO compensation...
Persistent link: https://www.econbiz.de/10014486193
A growing empirical literature attributes much of the productivity advantages of large, "superstar" firms to their adoption of best practice management techniques that allow them to better identify and use talented workers. The reasons for the incomplete adoption of these "structured management...
Persistent link: https://www.econbiz.de/10015056121
that affected managers' productivity. We use email data and a survey to explore the mechanisms behind these spillovers and … find that managers' increased output arises from reductions in the need to help lower level employees. Accounting for …
Persistent link: https://www.econbiz.de/10013334442
This paper develops a novel method to identify the causal contribution of managers to team performance. The method … requires repeated random assignment of managers to multiple teams and controls for individuals' skills. A good manager is … someone who consistently causes their team to produce more than the sum of their parts. Good managers have roughly twice the …
Persistent link: https://www.econbiz.de/10014635662
30% of the value mutual fund managers add can be attributed to the firm's role in efficiently allocating capital amongst … its mutual fund managers. We find no evidence of a similar effect when a firm hires managers from another firm. We …
Persistent link: https://www.econbiz.de/10012458526
, labor and "managers", each with a distribution of ability levels. Production combines a manager of some type with a group of … diminishing returns to the number of workers. We examine the sorting of factors to sectors and the matching of factors within …
Persistent link: https://www.econbiz.de/10012459150
This paper studies aggregate labor market dynamics when workers have heterogeneous skills for tasks which are subject to non-uniform labor demand shocks. When workers have different skills, movements in aggregate wages partly reflect a reallocation of different workers across tasks and into...
Persistent link: https://www.econbiz.de/10013210080
This paper introduces a new measure of the labor markets served by colleges and universities across the United States. About 50 percent of recent college graduates are living and working in the metro area nearest the institution they attended, with this figure climbing to 67 percent in-state....
Persistent link: https://www.econbiz.de/10013210116
We study how human capital diversification, in the form of double majoring, affects the response of earnings to labor market shocks. Double majors experience substantial protection against earnings shocks, of 56%. This finding holds across different model specifications and data sets....
Persistent link: https://www.econbiz.de/10014468295
This paper synthesizes the economics literature on skills and human capital, with a particular focus on higher-order capacities like social and decision-making skills. We review the empirical evidence on returns to human capital from both a micro and macro perspective, as well as the evidence on...
Persistent link: https://www.econbiz.de/10015072850