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The Flattening Firm : Evidence from Panel Data on the Changing Nature of Corporate Hierarchies

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The Flattening Firm : Evidence from Panel Data on the Changing Nature of Corporate Hierarchies

Rajan, Raghuram G.; Wulf, Julie - 2008

Using a detailed database of managerial job descriptions, reporting relationships, and compensation structures in over 300 large U.S. firms, we find that firm hierarchies are becoming flatter. The number of positions reporting directly to the CEO has gone up significantly over time while the...

Persistent link: https://www.econbiz.de/10014031054