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dc.contributor.authorBandiera, Oriana
dc.contributor.authorGuiso, Luigi
dc.contributor.authorPrat, Andrea
dc.contributor.authorSadun, Raffaella
dc.date.accessioned2015-07-16T15:27:10Z
dc.date.issued2015
dc.identifier.citationBandiera, Oriana, Luigi Guiso, Andrea Prat, and Raffaella Sadun. "Matching Firms, Managers, and Incentives." Journal of Labor Economics 33, no. 3 (July 2015): 623–681.en_US
dc.identifier.issn0734-306Xen_US
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:17417224
dc.description.abstractWe exploit a unique combination of administrative sources and survey data to study the match between firms and managers. The data include manager characteristics, such as risk aversion and talent; firm characteristics, such as ownership; detailed measures of managerial practices relative to incentives, dismissals, and promotions; and measurable outcomes, for the firm and for the manager. A parsimonious model of matching and incentive provision generates an array of implications that can be tested with our data. Our contribution is twofold. We disentangle the role of risk aversion and talent in determining how firms select and motivate managers. In particular, risk-averse managers are matched with firms that offer low-powered contracts. We also show that empirical findings linking governance, incentives, and performance, which are typically observed in isolation, can instead be interpreted within a simple unified matching framework.en_US
dc.language.isoen_USen_US
dc.publisherUniversity of Chicago Pressen_US
dc.relation.isversionofhttp://www.jstor.org/stable/10.1086/679672en_US
dc.relation.hasversionhttp://ssrn.com/abstract=1561903en_US
dash.licenseOAP
dc.subjectmotivation and incentivesen_US
dc.subjecttalent and talent managementen_US
dc.subjectorganizationsen_US
dc.subjectmanagement teamsen_US
dc.titleMatching Firms, Managers, and Incentivesen_US
dc.typeJournal Articleen_US
dc.description.versionAuthor's Originalen_US
dc.relation.journalJournal of Labor Economicsen_US
dash.depositing.authorSadun, Raffaella
dc.date.available2015-07-16T15:27:10Z
dc.identifier.doi10.1086/679672*
dash.contributor.affiliatedSadun, Raffaella


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