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We examine differences in CEO achievement of EPS goals set separately through analyst forecasts and firm bonus plans. Having different goals for the same performance metric enables us to assess their relative importance in incentivizing CEOs. We find CEOs frequently achieve analyst forecasts,...
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In this paper we discuss a locational model with a profit-maximizing objective. The model can be illustrated by the … its total profit, the firm has to decide:1) where to locate its distribution warehouse to serve the customers;2) the price … profit. We show that this problem can besolved in polynomial time. …
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"Miscalibration is a form of overconfidence examined in both psychology and economics. Although it is often analyzed in lab experiments, there is scant evidence about the effects of miscalibration in practice. We test whether top corporate executives are miscalibrated, and study the determinants...
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