| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11960 |
| DP11960 CEO Behavior and Firm Performance | |
| Andrea Prat; Stephen Hansen; Raffaella Sadun; Oriana Bandiera | |
| 发表日期 | 2017-04-13 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We measure the behavior of 1,114 CEOs in Brazil, France, Germany, India, UK and US using a new methodology that combines (i) data on every activity the CEOs undertake during one workweek and (ii) a machine learning algorithm that projects these data onto scalar CEO behavior indices. Low values of the index are associated with plant visits, and one-on-one meetings with production or suppliers, while high values correlate with meetings with high-level C-suite executives, and several functions together, both from inside and outside the firm. We use these data to study the correlation between CEO behavior and firm performance within the framework of a firm-CEO assignment model. We show results consistent with significant firm-CEO assignment frictions, which appear to be more severe in lower-income regions. The productivity loss generated by inefficient assignment is equal to 13% of the productivity gap between high- and low-income countries in our sample. |
| 主题 | Development Economics ; Financial Economics ; Industrial Organization |
| 关键词 | Ceo Leadership Unsupervised learning |
| URL | https://cepr.org/publications/dp11960 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540771 |
| 推荐引用方式 GB/T 7714 | Andrea Prat,Stephen Hansen,Raffaella Sadun,et al. DP11960 CEO Behavior and Firm Performance. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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