Showing 1 - 5 of 5
Competitive sorting models of the CEO labor market (e.g., Edmans, Gabaix and Landier (2009)) predict that differences in CEO productive abilities, or "talent", should be an important determinant of CEO pay. However, measuring CEO talent empirically represents a major challenge. In this paper, we...
Persistent link: https://www.econbiz.de/10014162578
Persistent link: https://www.econbiz.de/10009577115
Persistent link: https://www.econbiz.de/10011413494
Competitive sorting models of the CEO labor market (e.g., Edmans, Gabaix and Landier (2009)) predict that differences in CEO productive abilities, or "talent", should be an important determinant of CEO pay. However, measuring CEO talent empirically represents a major challenge. In this paper, we...
Persistent link: https://www.econbiz.de/10010555527
Fire-sales induced by investor redemptions have powerful spillover effects among funds that hold the same assets, hurting peer funds' performance and flows, and leading to further asset sales with negative bond price impact. A 1-standard deviation increase in our fire-sale spillover measure...
Persistent link: https://www.econbiz.de/10012854844