作者：Tsolmon, Ulya; Ariely, Dan
作者单位：Washington University (WUSTL); Duke University
摘要：Research Summary This study examines the propensity of small firms to provide health insurance in response to high state-level unemployment insurance (UI) benefits, given that generous UI benefits reduce labor market frictions that constrain employee mobility. We exploit a unique data set of over 15,000 small private firms in the United States and find that when state UI benefits are high, firms will offer their employees health insurance benefits-especially when those firms rely on human capi...
作者：Bonini, Stefano; Deng, Justin; Ferrari, Mascia; John, Kose; Ross, David Gaddis
作者单位：Stevens Institute of Technology; Rutgers University System; Rutgers University Camden; Universita di Modena e Reggio Emilia; New York University; State University System of Florida; University of Florida
摘要：Research Summary: Agency perspectives suggest long-tenured independent directors (LTIDs) may be cronies of the CEO, making their boards less effective, but we theorize that LTIDs may have particular expertise and motivation to improve board effectiveness and ultimately firm performance. We find strong support for this prediction using 15 years of data on the S&P 1,500 firms and an instrument based on director age at time of hire. We also find that an LTID adds more value to firms that are comp...
