Is firm behavior mainly driven by its environment or rather the characteristics of managers? We develop a cognitive theory manager fixed effects, where allocation managerial attention determines behavior. show that in complex environments, endogenous exacerbates effects. Small differences expertise then may result dramatically different behavior, as managers devote scarce way amplifies initial ...

This paper investigates the effects of board of director collusion on managerial incentives and firm values. Recent academic research hints at the social network of board of directors as an important conduit for coordinating corporate governance policies, such as managerial pay, and curbing competition. We study a model where managers can exert unobservable cost-cutting effort and investigate t...

In this paper, we examine the real options approach to capital budgeting in the presence of managerial adverse incentives. We show that real options have the potential to be value enhancing or value destroying depending on managerial incentives. We further examine the possibility of using a generic residual income based rule of managerial compensation to induce the proper investment incentives ...

ethics is an essential requirement for a sound and healthy society. it is due to its positive individual, organizational, and social consequences that ethics has always provoked scholars, instructors, and organization managers to try to maintain and improve it. the adaptation of managerial solutions will gradually result in the improvement of trust, commitment, and effort which are all necessar...

This Coastal and Hydraulic Engineering Technical Note (CHETN) summarizes the state of understanding of the influence of grain size on surf zone sediment transport and is a companion to Smith et al. (2004). This CHETN discusses details of bed-load and suspended load transport, and the classical bed-load regime is shown to encompass two distinct modes of transport. Four LST models with varying le...

In face processing tasks, prior presentation of internal facial features, when compared with external ones, facilitates the recognition of subsequently displayed familiar faces. In a previous ERP study (Olivares & Iglesias, 2010) we found a visibly larger N400-like effect when identity mismatch familiar faces were preceded by internal features, as compared to prior presentation of external ones...

This paper describes the methods we have employed to solve the author profiling task at PAN-2013. Our goal was to use simple features to identify the age group and the gender of the author of a given text. We introduce the features, detail how the classifiers were trained, and how the experiments were run.