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Showing 1 to 4 of 4 for “"managerial effort"”.

  1. Institutional theory of naive money

    … of active mutual fund managers: in particular, managerial effort, fees, marketing expenses, private benefit-seeking, and risk-taking. My model predicts that managers who receive a surplus of naive money are inclined to reduce their managerial effort, charge higher fees, allocate more resources …

    mit Repository record for Institutional theory of naive money (opens in a new tab)

  2. Managing choice in research and development

    … transition interval in volatility, where managerial effort should be focused. Two organizational questions underlie this work. How can corporate managers propagate strategy without micromanagement? How can portfolio managers align project investment choices with corporate strategy without …

    mit Repository record for Managing choice in research and development (opens in a new tab)

  3. Managerial ability and the valuation of executive stock options

    … we develop a model in which managers can exert effort and alter the distribution of the returns from the firm’s investments. We find that when executives choose their optimal effort, the values of their options are much higher than generally thought and potentially higher than the market values …

    lsu-thes Repository record for Managerial ability and the valuation of executive stock options (opens in a new tab)

  4. Investment manager trading behaviour and fund performance

    … gains with other blockholders. But firm manager effort is enhanced by the threat of exit by blockholders when they receive a bad signal concerning managerial effort. This study tests seven nested hypotheses proposed by Edmans and Manso (2008) using sequences of short-term institutional trades …

    unsw Repository record for Investment manager trading behaviour and fund performance (opens in a new tab)