We present evidence that managerial shareholdings are an important determinant of bank risk-taking. Managerial shareholdings are positively related to total and ®rm speci®c risk in the late 1980s when banking was relatively less regulated and when the industry was under considerable ®nancial stress. However, following legislation in 1989 and 1991 designed to reduce risk-taking and also re ̄ectin...

An efficient managerial labor market should compensate executives according to their contribution to shareholder value. We provide novel empirical evidence about the relationship between executive pay and managerial contribution to value by exploiting the exogenous variation resulting from stock price reactions to sudden deaths. We find, first, that the managerial labor market is characterized ...

With the purpose to enable reflections concerning nurses' managerial performance in hospitalization units, three studies conducted in three different decades, in the same university hospital, were analyzed. From this analysis, it was observed that nurses' managerial practice has been mainly characterized by the accentuated compliance to pre-established norms, thus showing a reiterative praxis. ...

In this paper, we deliberate the possible impacts of corporate governance and performance on managerial turnover using a unique dataset of Russian corporations. This study is different from most previous works in that we deal with not only CEO dismissals, but also with managerial turnover in a company as a whole. We find that nonpayment of dividends is correlated significantly with managerial t...

Managerial ties are an area commanding managers’ attention in emerging economies. However, no previous study has drawn on cross-country data to address a crucial question: Are more developed market-supporting institutions associated with less use of managerial ties in emerging economies? Further, to strive for better performance, firms also need to develop market-based strategic initiatives. Ho...

the purpose of this research was to study the effects of four personal and social variables including the age, literacy, job experience and size of herd on different variables such as implementing of managerial strategies in transition period, relevant costs of these strategies, average production per head and gross income of milk sale per head. for this purpose all required information were co...

We incorporate managerial e¤orts inside …rms in a standard monopolistic competition model a la Krugman(1980) with heterogenous …rms. The manager works to increase probability of productivity improvement for the …rm. Due to unobservable managerial e¤ort and limited liability, the optimal managerial compensation scheme links the market performance of the …rm to managerial incentives. Managers in ...

Matching a set of agents to a set of objects has many real applications. One well-studied framework is that of prioritybased matching, in which each object is assumed to have a priority order over the agents. The Deferred Acceptance (DA) and Top-Trading-Cycle (TTC) mechanisms are the best-known strategy-proof mechanisms. However, in highly anonymous environments, the set of agents is not known ...

This paper examines the implications of the separation of ownership and management based on a strategic export promotion policy when the shares of exporting firms are internationally owned by the residents of both countries in an international duopolistic market. Although the presence of either cross ownership or managerial delegation weakens the exporting countries’ subsidization incentives, t...