requires repeated random assignment of managers to multiple teams and controls for individuals' skills. A good manager is … appointed by lottery, in part because self-promoted managers are overconfident, especially about their social skills. Managerial …. Selecting managers on skills rather than demographics or preferences for leadership could substantially increase organizational …

We study the impact of managers on the success of professional soccer teams using data from the German "Bundesliga". We … evaluate the performance impact of individual managers by estimating regression models that include both team and manager fixed … effects, where we are exploiting the high turnover of managers between teams to disentangle the managers' contributions. We …

Management in der Krise über bestimmte Kompetenzen verfügen, die entlang des Krisenverlaufs unterschiedliche Ausprägungen …

Why do investors entrust active mutual fund managers with large sums of money while receiving negative excess returns … on average? Our explanation is that investors have a coarser information set than fund managers which leads them to … systematically misinterpret managers' skill. When investors are unable to correctly quantify risk because they have no knowledge of …