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This paper shows that CEOs are fired after bad firm performance caused by factors beyond their control. Standard economic theory predicts that corporate boards filter out exogenous industry and market shocks from firm performance before deciding on CEO retention. Using a hand-collected sample of 3,365 CEO turnovers from 1993 to 2009, we document that CEOs(More)
Lateral tree-scale variability in plantations should be taken into account when scaling up from point samples, but appropriate methods for sampling and calculation have not been defined. Our aim was to define and evaluate such methods. We evaluated several existing and new methods, using data for throughfall, root biomass and soil respiration in mature oil(More)
  • Gabriel Rauterberg, Richard Brooks, Gralf-Peter Calliess, Susannah Camic, Albert Choi, Merritt Fox +18 others
  • 2016
Ever since Coase, transaction cost economics has posed a basic choice for how to organize production – firms or markets. In markets, decentralized parties contract with one another, while in firms, decisions are made on the basis of hierarchy and command. Over the last several decades, scholars have shown that the market is actually pervaded by(More)
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