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manufacturing firm, introducing a relative subjective performance evaluation of team leaders' leadership activities by their … managers, coupled with bonuses based on their leadership rank among all leaders. Our intervention increased worker productivity …, suggesting that the subjective evaluation indeed increased leadership activities and thus productivity. …
Persistent link: https://www.econbiz.de/10014278019
Better managers and managerial practices lead to better firm performance. Yet, little is known about what happens when … managers move across firms. Does a firm hiring a good manager improve its performance? If yes is there some valuable knowledge …-invariant ability of the manager as well as overall firm performance. We find that the export experience gained by managers in previous …
Persistent link: https://www.econbiz.de/10011580556
Building on prior research (Phillips et al. 2010), we make explicit the implied assumptions – both managerialist and determinist – in stakeholder research. We argue that three elements – managerial discretion, stakeholder orientation and nexus rent – interact in important and...
Persistent link: https://www.econbiz.de/10013132503
Better managers and managerial practices lead to better firm performance. Yet, little is known about what happens when … managers move across firms. Does a firm hiring a good manager improve its performance? If yes is there some valuable knowledge …-invariant ability of the manager as well as overall firm performance. We find that the export experience gained by managers in previous …
Persistent link: https://www.econbiz.de/10012964189
Since ages or centuries, we have enough examples of unethical practices some people/party, where other parties get affected, at least to some extent. Sometimes bribe giver and receiver do the act with ‘mutual agreement/consent' and they justify the ‘act'. They accept the ‘act' as harmless...
Persistent link: https://www.econbiz.de/10012995572
We examine the effect of protection of proprietary information on forced CEO turnover decisions. Relying on changes in the enforceability of the covenant-not-to-compete, we show that strengthening the protection of proprietary information increases the likelihood of forced CEO turnover and the...
Persistent link: https://www.econbiz.de/10012851176
Persistent link: https://www.econbiz.de/10012609839
Persistent link: https://www.econbiz.de/10003725925
We develop a model of the effect of CEO overconfidence on dividend policy and empirically examine many of its predictions. Consistent with our main prediction, we find that the level of dividend payout is lower in firms managed by overconfident CEOs. We document that this reduction in dividends...
Persistent link: https://www.econbiz.de/10003892557
This paper assesses the effects of central bank governor appointments on financial market expectations of monetary policy. To measure these effects, we assemble a new dataset of appointment announcements from 15 countries, and conduct an event study analysis on exchange rates, bond yields, and...
Persistent link: https://www.econbiz.de/10003468346