From 1988 to 2003, the average change in managerial ownership is significantly negative every year for American firms. We find that managers are more likely to significantly decrease their ownership when their firms are performing well, but not more likely to increase their ownership when their firms have poor performance. Because investors learn about the total change in managerial ownership w...

In today’s globalized world, firms are increasingly seen shifting from the traditional innovation model 1 which relied on a firm’s internal R&D to the more porous open innovation paradigm which utilizes resources both internal and external to a firm to come up with innovations. However success in the open innovation paradigm is contingent upon some internal and external factors of a firm. This ...

Purpose – The purpose of this paper is to investigate whether managers at different levels differ in terms of ability and personality. Design/methodology/approach – Assessment centre results for over a thousand managers on two cognitive and two non-cognitive tests were subject to analysis of variance. Findings – Non-manager specialists scored highest on one ability test, but lowest on the other...

Despite calls to link management accounting more closely to management (Jonsson, 1998), much is still to be learned about the role of accounting information in managerial work. This lack of progress stems partly from a failure to incorporate in research efforts the findings regarding the nature of managerial work, as well as inadequate attention devoted to the detailed practices through which a...

Business historians know that public policy--the mix of law, public administration, and politics--has had an important impact on the development of the American business system. The scholarly issue, of course, is how important, and in what ways in particular. Business and economic historians have produced a rich literature on the place public policy had in building a transportation infrastructu...

Managerial talent is neither observable nor divisible. Thus, performance measures that evaluate a manager’s human capital are significant not only for compensating a manager through accurate appraisal, but also for inferring managerial talent. In practice, however, talent measures are often imperfect, thereby hindering firms from control of a manager’s behaviors. As such, exploring the nature o...

OBJECTIVES A well-known demographic finding in modern society is the inverse association between socioeconomic status and mortality. The purpose of the study was to examine socioeconomic indicators, such as occupational category (white-collar vs blue -collar) and occupational position (managerial vs non-managerial) as determinants of all -cause, cardiovascular disease (CVD) and cancer mortality...