Co-worker Complementarity and the Stability of Top Management Teams

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ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (249 download)

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Book Synopsis Co-worker Complementarity and the Stability of Top Management Teams by : Rachel M. Hayes

Download or read book Co-worker Complementarity and the Stability of Top Management Teams written by Rachel M. Hayes and published by . This book was released on 2004 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the hypothesis that complementarities across co-workers (which may arise from matching or investments in specific skills) affect the value of employment relationships between senior executives and firms. We analyze the changes in the composition of top management teams when a key member of the team (the CEO) departs. Our empirical analysis establishes several facts that are consistent with co-worker complementarity being an important determinant of management team stability.

Co-Worker Complemetarity and the Stability of Top Management Teams

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Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (848 download)

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Book Synopsis Co-Worker Complemetarity and the Stability of Top Management Teams by : Rachel M. Hayes

Download or read book Co-Worker Complemetarity and the Stability of Top Management Teams written by Rachel M. Hayes and published by . This book was released on 2004 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the hypothesis that complementarities across co-workers (which may arise from matching or investments in specific skills) affect the value of employment relationships between senior executives and firms. We analyze the changes in the composition of top management teams when a key member of the team (the CEO) departs. Our empirical analysis establishes several facts that are consistent with co-worker complementarity being an important determinant of management team stability

Coworker Complementarity and the Stability of Top-Management Teams

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Coworker Complementarity and the Stability of Top-Management Teams by : Rachel M. Hayes

Download or read book Coworker Complementarity and the Stability of Top-Management Teams written by Rachel M. Hayes and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze changes in the composition of top management teams when a key member of the team (the chief executive officer [CEO]) departs. We find that the probability of non-CEO top manager turnover increases markedly around times of CEO turnover. Further, the magnitude of this increase depends on the relations between the tenure of the manager and tenures of the departing and incoming CEOs. Departure of a long-tenured CEO has a larger effect on turnover probability for a long-tenured non-CEO manager than for a short-tenured manager. Succession of a long-tenured manager as CEO has a larger effect on turnover probability for a short-tenured non-CEO manager than for a long-tenured manager. We argue that these findings are at least partially the result of complementarities across these groups of coworkers that affect the value of employment relationships between senior executives and firms.

Co-worked Complementarity and the Stability of Top Management Teams

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Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (119 download)

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Book Synopsis Co-worked Complementarity and the Stability of Top Management Teams by : Rachel M. HAYES

Download or read book Co-worked Complementarity and the Stability of Top Management Teams written by Rachel M. HAYES and published by . This book was released on 2004 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Firm Divided

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Publisher : Oxford University Press
ISBN 13 : 0190641193
Total Pages : 353 pages
Book Rating : 4.1/5 (96 download)

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Book Synopsis The Firm Divided by : Graeme Guthrie

Download or read book The Firm Divided written by Graeme Guthrie and published by Oxford University Press. This book was released on 2017-03-01 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: A battle is being fought within corporations. Shareholders want managers to make their shares as valuable as possible, managers want shareholders to leave them alone, and the board of directors is caught in the middle. The Firm Divided shows how strong boards persuade managers to do what's best for shareholders-and why weak boards don't. Graeme Guthrie blends the stories of particular firms and individuals with the insights of scholarly research, enhancing understanding of how seemingly separate events are consequences of the separation of ownership and control, the ultimate cause of manager-shareholder conflict. Boards of directors can affect the outcome of this conflict by monitoring managers, providing incentives for managers to work in shareholders' best interests, delegating monitoring to outside parties, and influencing the effectiveness of the market for corporate control. How directors do this depends on how they weigh their fiduciary duty to shareholders against the close ties that bind them to senior executives. The Firm Divided provides conceptual insight, underpinned by research into corporate governance, into board-manager interactions. It shows how tools that can benefit shareholders when used by strong boards can actually harm shareholders when used by weak boards. Guthrie provides a 360 degree view of firms, exploring the ways in which each player pursues their own goals, with examples from a range of firms in diverse industries.

The Handbook of Organizational Economics

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Publisher : Princeton University Press
ISBN 13 : 0691132798
Total Pages : 1248 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Handbook of Organizational Economics by : Robert S. Gibbons

Download or read book The Handbook of Organizational Economics written by Robert S. Gibbons and published by Princeton University Press. This book was released on 2013 with total page 1248 pages. Available in PDF, EPUB and Kindle. Book excerpt: (E-book available via MyiLibrary) In even the most market-oriented economies, most economic transactions occur not in markets but inside managed organizations, particularly business firms. Organizational economics seeks to understand the nature and workings of such organizations and their impact on economic performance. The Handbook of Organizational Economics surveys the major theories, evidence, and methods used in the field. It displays the breadth of topics in organizational economics, including the roles of individuals and groups in organizations, organizational structures and processes, the boundaries of the firm, contracts between and within firms, and more.

Earnings Management

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Publisher : Springer Science & Business Media
ISBN 13 : 0387257691
Total Pages : 587 pages
Book Rating : 4.3/5 (872 download)

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Book Synopsis Earnings Management by : Joshua Ronen

Download or read book Earnings Management written by Joshua Ronen and published by Springer Science & Business Media. This book was released on 2008 with total page 587 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a study of earnings management, aimed at scholars and professionals in accounting, finance, economics, and law. The authors address research questions including: Why are earnings so important that firms feel compelled to manipulate them? What set of circumstances will induce earnings management? How will the interaction among management, boards of directors, investors, employees, suppliers, customers and regulators affect earnings management? How to design empirical research addressing earnings management? What are the limitations and strengths of current empirical models?

Handbook of Labor Economics

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Publisher : Elsevier
ISBN 13 : 0444534520
Total Pages : 1141 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Labor Economics by : Orley Ashenfelter

Download or read book Handbook of Labor Economics written by Orley Ashenfelter and published by Elsevier. This book was released on 2010-12-14 with total page 1141 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the continually evolving field of labour economics.

Rodéate de los mejores

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Publisher : Editorial Almuzara
ISBN 13 : 8483567814
Total Pages : 419 pages
Book Rating : 4.4/5 (835 download)

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Book Synopsis Rodéate de los mejores by : Claudio Fernández-Aráo

Download or read book Rodéate de los mejores written by Claudio Fernández-Aráo and published by Editorial Almuzara. This book was released on 2013-02 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rodéate de los mejores cubre las necesidades de los líderes en las organizaciones complejas. ¿Perteneces al consejo de administración y estás buscando un nuevo director general para tu empresa? ¿Necesitas cubrir un puesto clave en tu división? ¿Quieres saber qué técnicas debes aplicar para evitar caer en la trampa de los juicios prematuros en el proceso de evaluación de candidatos? Rodéate de los mejores es un recurso completo para los directivos interesados en mejorar su capacidad para contratar y promocionar a los mejores, y para cualquier persona interesada en el tema. Sí, rodearse de los mejores es difícil, pero no es un misterio. Es una disciplina que puedes y debes dominar, para tu organización y para tu propio éxito.

Peers at Work

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Peers at Work by : Alexandre Mas

Download or read book Peers at Work written by Alexandre Mas and published by . This book was released on 2006 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate how and why the productivity of a worker varies as a function of the productivity of her co-workers in a group production process. In theory, the introduction of a high productivity worker could lower the effort of incumbent workers because of free riding; or it could increase the effort of incumbent workers because of peer effects induced by social norms, social pressure, or learning. Using scanner level data, we measure high frequency, worker-level productivity of checkers for a large grocery chain. Because of the firm's scheduling policy, the timing of within-day changes in personnel is unsystematic, a feature for which we find consistent support in the data. We find strong evidence of positive productivity spillovers from the introduction of highly productive personnel into a shift. A 10% increase in average co-worker permanent productivity is associated with 1.7% increase in a worker's effort. Most of this peer effect arises from low productivity workers benefiting from the presence of high productivity workers. Therefore, the optimal mix of workers in a given shift is the one that maximizes skill diversity. In order to explain the mechanism that generates the peer effect, we examine whether effort depends on workers' ability to monitor one another due to their spatial arrangement, and whether effort is affected by the time workers have previously spent working together. We find that a given worker's effort is positively related to the presence and speed of workers who face him, but not the presence and speed of workers whom he faces (and do not face him). In addition, workers respond more to the presence of co-workers with whom they frequently overlap. These patterns indicate that these individuals are motivated by social pressure and mutual monitoring, and suggest that social preferences can play an important role in inducing effort, even when economic incentives are limited.

The Trilemma in History

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ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Trilemma in History by : Maurice Obstfeld

Download or read book The Trilemma in History written by Maurice Obstfeld and published by . This book was released on 2004 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The exchange-rate regime is often seen as constrained by the monetary policy trilemma, which imposes a stark tradeoff among exchange stability, monetary independence, and capital market openness. Yet the trilemma has not gone without challenge. Some (e.g., Calvo and Reinhart 2001, 2002) argue that under the modern float there could be limited monetary autonomy. Others (e.g., Bordo and Flandreau 2003), that even under the classical gold standard domestic monetary autonomy was considerable. This paper studies the coherence of international interest rates over more than 130 years. The constraints implied by the trilemma are largely borne out by history"--NBER website

Monthly Labor Review

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Publisher :
ISBN 13 :
Total Pages : 420 pages
Book Rating : 4.3/5 (129 download)

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Book Synopsis Monthly Labor Review by :

Download or read book Monthly Labor Review written by and published by . This book was released on 2005 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.

NBER Reporter

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ISBN 13 :
Total Pages : 512 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis NBER Reporter by : National Bureau of Economic Research

Download or read book NBER Reporter written by National Bureau of Economic Research and published by . This book was released on 2003 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies by : Bruce A. Blonigen

Download or read book Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies written by Bruce A. Blonigen and published by . This book was released on 2004 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper examines the question of whether less-developed countries' (LDCs') experiences with foreign direct investment (FDI) systematically different from those of developed countries (DCs). We do this by examining three types of empirical FDI studies that typically do not distinguish between LDCs and DCs in their analysis. First, we find that the underlying factors that determine the location of FDI activity across countries vary systematically across LDCs and DCs in a way that is not captured by current empirical models of FDI. Second, the effect of FDI on economic growth is one that is only supported for LDCs in the aggregate data, not DCs. Third, the evidence suggests that FDI is much less likely to crowd out (more likely to crowd in) domestic investment for LDCs than DCs"--NBER website

A Meta-analysis of the Effect of Common Currencies on International Trade

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Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis A Meta-analysis of the Effect of Common Currencies on International Trade by : Andrew Rose

Download or read book A Meta-analysis of the Effect of Common Currencies on International Trade written by Andrew Rose and published by . This book was released on 2004 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Thirty-four recent studies have investigated the effect of currency union on trade, resulting in 754 point estimates of the effect. This paper is a quantitative attempt to summarize the current state of debate; meta-analysis is used to combine the disparate estimates. The chief findings are that: a) the hypothesis that there is no effect of currency union on trade can be rejected at standard significance levels; b) the combined estimate implies that a bilateral currency union increase trade by between 30% and 90%; and c) the estimates are heterogeneous and not consistently tied to most features of the studies"--NBER website

How Well Can the New Open Economy Macroeconomics Explain the Exchange Rate and Current Account?

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Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis How Well Can the New Open Economy Macroeconomics Explain the Exchange Rate and Current Account? by : Paul R. Bergin

Download or read book How Well Can the New Open Economy Macroeconomics Explain the Exchange Rate and Current Account? written by Paul R. Bergin and published by . This book was released on 2004 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper advances the new open economy macroeconomic (NOEM) literature in an empirical direction, estimating and testing a two-country model. Fit to U.S and G-7 data, the model performs moderately well for the exchange rate and current account. Results offer guidance for future theoretical work. Parameter estimates lend support to some common assumptions in the theoretical literature, such as local currency pricing and risk sharing. Estimates are found for key parameters commonly calibrated in the theoretical literature, such as the elasticity of substitution between home and foreign composite goods, and the response of a country risk premium to the net foreign asset position. Results also indicate that deviations from interest rate parity are not closely related to monetary policy shocks, as recently hypothesized. Further, results suggest that inserting explicit interest rate parity shocks into a NOEM model may be more helpful in explaining movements in the current account than the exchange rate"--NBER website

Industrial and Labor Relations Review

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Publisher :
ISBN 13 :
Total Pages : 228 pages
Book Rating : 4.3/5 (126 download)

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Book Synopsis Industrial and Labor Relations Review by :

Download or read book Industrial and Labor Relations Review written by and published by . This book was released on 2016 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: