Results 261 to 270 of about 431,733 (310)

Managerial control benefits and takeover market efficiency

Journal of Financial Economics, 2018
Abstract How and to what extent do managerial control benefits shape the efficiency of the takeover market? We revisit this question by estimating both the dark and bright sides of managerial control benefits in an industry equilibrium model. On the dark side, managers’ private benefits of control distort firms’ takeover incentives and hinder the ...
Wenyu Wang, Yufeng Wu
openaire   +1 more source

—On Managerially Efficient Experimental Designs

Marketing Science, 2007
In most marketing experiments, managerial decisions are not based directly on the estimates of the parameters but rather on functions of these estimates. For example, many managerial decisions are driven by whether or not a feature is valued more than the price the consumer will be asked to pay.
Olivier Toubia, John R. Hauser
openaire   +1 more source

Managerial Efficiency and Bank Profitability

Journal of Financial Markets and Governance
We study the relationship between managerial efficiency and bank profitability in the context of the U.S. banking sector. We utilize Stochastic Frontier Analysis based on a dataset of 4081 U.S. banks, spanning from 2009 to 2021. Two key findings emerge: firstly, geographical disparities exist in operating cost efficiency, with banks in more developed ...
Md. Asif Nawaz, Md. Jahir Uddin Palas, Tasneema Khan   +2 more
openaire   +1 more source

Education and the Managerial Efficiency of Farmers

The Review of Economics and Statistics, 1975
EDUCATION may have productive value in agriculture both because it may enable a farmer to produce more output with given inputs of other factors and because it may help him in obtaining and using information for managerial decisions on the purchasing of factor inputs and the choice of products to produce.' This study deals with the second of these two ...
openaire   +1 more source

Socially Efficient Managerial Dishonesty

2005
As a reaction to the corporate scandals of the early 2000s, the US Administration dramatically tightened sanctions against managers who disclose misleading financial information. This paper argues that such a reform might come with some unpleasant macroeconomic effects.
Besancenot, Damien, Vranceanu, Radu
openaire   +1 more source

Mergers, managerial incentives, and efficiencies [PDF]

, 2014
We analyze the effects of synergies from horizontal mergers in a Cournot oligopoly where principals provide their agents with incentives to cut marginal costs prior to choosing output. We stress that synergies come at a cost which possibly leads to a countervailing incentive effect: The merged firm's principal may be induced to stifle managerial ...
openaire   +1 more source

Airports' managerial practices and efficiency

2019
Airports performance differences require a better understanding of the sources of efficiency and competitive advantages. The globalisation of the air transport industry and transformation of aviation organizations into a market-orientated business implicitly requests consideration of the implication of managerial knowledge and experience.
Ripoll Zarraga, Ane Elixabete, Huderek-Glapska, Sonia   +1 more
openaire   +1 more source

Measuring Managerial Efficiency: The Case of Baseball

Southern Economic Journal, 1982
In economic analysis the role of the entrepreneur is paramount to the production process. The entrepreneur is engaged in a Darwinian game of efficiently transforming scarce resource inputs into outputs. In the modern business organization this role is delegated to managers.
Philip K. Porter, Gerald W. Scully
openaire   +1 more source

Managerial Opportunism and Corporate Investment Efficiency

SSRN Electronic Journal, 2019
How does managerial opportunism affect corporate investment efficiency? Prior research establishes corporate investment efficiency as a function of the firm’s information environment and internal governance. We examine how managerial opportunism is an agency conflict that distorts corporate investment policy.
openaire   +1 more source

New Managerial Ability and Firm Investment Efficiency

2022
The thesis hypothesises and largely finds more able managers positively affect firm investment efficiency consistent with prior findings that more able managers improve firm performance. The thesis extends this unconditional effect by moderating the relationship between managerial ability and firm investment efficiency on the level of managerial ...
openaire   +1 more source