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How Much Should We Trust Differences-in-Differences Estimates?
Most Difference-in-Difference (DD) papers rely on many years of data and focus on serially correlated outcomes. Yet almost all these papers ignore the bias in the estimated standard errors thatExpand
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Managing with Style: The Effect of Managers on Firm Policies
This paper investigates whether and how individual managers affect corporate behavior and performance. We construct a manager-firm matched panel data set which enables us to track the top managersExpand
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Enjoying the Quiet Life? Corporate Governance and Managerial Preferences
Much of our understanding of corporations builds on the idea that managers, when they are not closely monitored, will pursue goals that are not in shareholders’ interests. But what goals wouldExpand
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Are CEOs Rewarded for Luck? The Ones Without Principals Are
The contracting view of CEO pay assumes that pay is used by shareholders to solve an agency problem. Simple models of the contracting view predict that pay should not be tied to luck, where luck isExpand
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Ferreting Out Tunneling: An Application to Indian Business Groups
In many countries, controlling shareholders are accused of tunneling, transferring resources from companies where they have few cash flow rights to ones where they have more cash flow rights.Expand
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The Gender Gap in Top Corporate Jobs
Using the ExecuComp data set, which contains information on the five highest-paid executives in each of a large number of U.S. firms for the years 1992–97, the authors examine the gender compensationExpand
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Gender Identity and Relative Income within Households
We examine causes and consequences of relative income within households. We show the distribution of the share of income earned by the wife exhibits a sharp drop to the right of 1/2, where the wife'sExpand
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The Role of Family in Family Firms
History is replete with examples of spectacular ascents of family businesses. Yet there are also numerous accounts of family businesses brought down by bitter feuds among family members, disappointedExpand
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Dynamics of the Gender Gap for Young Professionals in the Financial and Corporate Sectors
The careers of MBAs from a top US business school are studied to understand how career dynamics differ by gender. Although male and female MBAs have nearly identical earnings at the outset of theirExpand
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New Perspectives on Gender
Psychological and socio-psychological factors are now more commonly discussed as possible explanations for gender differences in labor market outcomes. We first describe the (mainly) laboratory-basedExpand
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