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ownership and management. However, Peru's liberal economic reforms in the 1990s brought intense competition into the national … top managerial positions of professional salaried managers from outside the family are some of the measures owner families …
Persistent link: https://www.econbiz.de/10005222506
Executive management as a distinct occupational category from general management seems to be becoming increasingly …
Persistent link: https://www.econbiz.de/10012922126
Persistent link: https://www.econbiz.de/10012928905
The conceptual base of behavioural preferences for leadership can be found in Implicit Leadership Theories (ILTs). In a series of three studies, we examined both ILTs and expectations for leader behaviour for the purpose of examining the degree of fit between ILTs and associated expectations. In...
Persistent link: https://www.econbiz.de/10011299255
This paper analyzes the choice to interlock, that is, the decision to have an executive sitting in the board of the rival company. This choice is analyzed within a duopoly where firms with hidden marginal costs of production compete in the product market. Interlocking directorates may emerge as...
Persistent link: https://www.econbiz.de/10012899401
In contrast to the recent past, there is now widespread concern about the apparent excesses of some pay structures in corporate businesses. Top pay has risen much faster than average levels of pay in the last twenty years. This is in part the consequence of globalisation and developments in...
Persistent link: https://www.econbiz.de/10013225291
This paper investigates the effect of management team-level characteristics on portfolio risk and style extremity using … a unique dataset of 1,678 mutual fund managers. Results show that teams with more members, longer tenure, and more … side-by-side management; that is, they manage multiple funds simultaneously. Member diversity is related to less extreme …
Persistent link: https://www.econbiz.de/10013036946
This paper studies, in a world with differing priors, the role of organizational beliefs and managerial vision in the behavior and performance of corporations. The paper defines vision operationally as a very strong belief by the manager about the right course of action for the firm. The...
Persistent link: https://www.econbiz.de/10014035014
headquarters maximize total expected firm returns by providing managers incentives based on firm equity and divisional profits. The … costly to provide, managers with larger spillovers should receive higher equity incentives. The return-maximizing incentives … also encourage greater cooperation from managers with riskier divisional performance and have useful implications for …
Persistent link: https://www.econbiz.de/10013491879
We study team design in the presence of career concerns. In the model, the agents have explicit effort incentives from performance-dependent compensation contracts and implicit effort incentives from career concerns. With uniform teams, the principal assigns agents with similar career concerns...
Persistent link: https://www.econbiz.de/10013306244