Front Cover -- Title Page -- Half Title -- Copyright -- Contents -- Foreword -- 1. Recruiting Talent Is Always Hardest in Your Industry? -- Recruiting Isn't Hard -- You Are Not a Unicorn -- The Noise Is Deafening to Candidates -- Recruiting One Candidate Is the Same in Every Organization, But...

We show that the similarity of a firm's technological expertise with other firms affects outcomes in the managerial labor market. Using each firm's patent portfolio to estimate its technological expertise, we find that its similarity in technological expertise with other firms is strongly...

This paper develops an estimable model to quantify the efficiency loss arising from both risk sharing and talent misallocation due to the presence of moral hazard in the market for CEOs. I estimate the model parameters characterizing CEOs' preferences, firms' technologies, and their productive...

We examine the role of deferred vesting of stock and option grants in reducing executive turnover. To the extent an executive forfeits all unvested stock and option grants if she leaves the firm, deferred vesting will increase the cost (to the executive) of early exit. Using pay Duration...