Old captains at the helm: Chairman age and firm performance

Firm Age and Performance

This paper investigates how firm age affects performance. Consistent with an obsolescence of firm endowments, the existence of organizational rigidities, and the proliferation of seniority rules, performance gets worse with age. Profits fall, margins thin, sales growth drops, and costs rise. Firms do best when they are young, and roughly 15 years after listing (37 years after incorporation), th...

Demagogues at the helm.

Amazing, mind-boggling, incomprehensible, indefensible. The decision by the Federal Government to abolish the mandatory long-form of the census may be the worst policy decision of the past decade in Canada. The impact of this decision, if it is not reversed, will be felt for many years to come and, if it remains in effect over other census cycles or if it is a harbinger of things to come, could...

At the helm of the NIDDK.

As of April 2007, Griffin P. Rodgers has taken over as director of the NIDDK, but had been the deputy director under Allen Spiegel since 2001 and the chief of Hematology since 1998. The JCI took the opportunity to ask this career investigator in the NIH about his goals and visions for the NIDDK. JCI: You moved quickly from chief of Hematology to deputy director of the NIDDK to director — what d...

Medical Men at the Helm

asset pricing anomalies at the firm level

Anomaly is deviation from common rules and in finance it can be defined as a pattern in the average of stock return that is not consistent with the prevailing asset pricing models literature. For anomaly investigation two common methods are used: portfolio approach and individual firm approach. This paper wants to shed light on anomalies of capital asset pricing model at the individual firm lev...