An agent can exert effort to improve the quality of a signal that also depends on his ability. The signal will help him to choose an action, which, in turn will lead to some observable good or bad outcome. Transparency on actions can distort the agent's choices towards quot;smartquot; actions...

We examine how developing an individual reputation for excellence affects a director's career outcomes in the labor market for boardroom talent. Using unique data on prestigious director awards, we find that individuals who experience very positive reputational shocks are typically rewarded with...

The research paper intends to interpret how the three forms of family capital viz. family's financial capital, family's man power capital and family’s human capital influences the career choice intention of students of HEI's of Uttarakhand, India. Additionally the study also evaluates the...

We study the effects of multi-layered governance on firm risk by focusing on the interaction of two types of career concerns. Two Delaware court decisions, the validation of poison pill defenses (the Unitrin decision) implemented by staggered boards (the Wallace decision), reduced...

This paper explores the career consequences of the decision to ally oneself with an activist investor/hedge fund in a proxy contest. Using 102 observations where an existing director reveals themselves to be a ‘dissident director' (i.e. agrees to help an activist in a proxy contest against an...

We provide evidence on how personal shocks that plausibly reduce a CEO's career horizon, triggered by either the CEO's diagnosis of a serious illness or an illness or death of a close relative, affect key corporate policies. We validate our identification strategy by showing that these events...

This paper examines the impact of government bailouts on bank CEOs' careers. Exploiting the Troubled Asset Relief Program (TARP) of 2008, we find that CEOs of banks that received TARP funds temporarily remained in their positions in the years 2008-2010. However, after this period, they were more...

We employ a unique sample of 5000 outside directorships held by German executive bank directors over 1993-2015 to examine whether these directorships proxy reputational capital and/or bankers' private information. We exploit various circumstances of executive directors' appointments and bank...