-
作者：Sels, Tim; Kovacs, Balazs
作者单位：University of California System; University of California Berkeley; Yale University
摘要：We examine how political heterogeneity in groups affects individual performance in settings where people work alongside others. Leveraging the random assignment of golfers to groups in Professional Golfers' Association Tour tournaments, we find that golfers score 0.2 strokes better per round when playing in politically homogeneous versus heterogeneous groups. This corresponds to a five-rank improvement before the tournament cut and an additional $13,000-$23,400 in tournament earnings. The effe...
-
作者：Bach, Laurent; Baghai, Ramin P.; Bos, Marieke; Silva, Rui C.
作者单位：ESSEC Business School; Stockholm School of Economics; Centre for Economic Policy Research - UK; European Corporate Governance Institute; Swedish House of Finance; Stockholm School of Economics; Vrije Universiteit Amsterdam; Federal Reserve System - USA; Federal Reserve Bank - Philadelphia; Universidade Nova de Lisboa
摘要：We study employee mental health to assess the long-term nonmonetary consequences of mergers. Using employer-employee level data linked to individual health records, we document that the incidences of stress, anxiety, depression, and psychiatric medication usage increase following mergers. These effects are prevalent among employees from both targets and acquirers, in weak and in growing profitable firms. Employees who experience negative career developments within the merging firms, 'blue-coll...
-
作者：Xu, Da
作者单位：Tsinghua University
摘要：In recent years, earnings call slide decks (hereafter, earnings decks) have become increasingly common in the earnings announcements of public firms. In this paper, I examine the characteristics of earnings decks and the determinants of firms' use of them. More importantly, I study their capital market roles. While I fail to find evidence that earnings decks on average offer information incremental to traditional disclosures, such as press releases and conference calls, they significantly redu...
-
作者：Bogliacino, Francesco; Grimalda, Gianluca; Pipke, David
作者单位：Catholic University of the Sacred Heart; University of Passau
摘要：The gift exchange hypothesis posits that workers reciprocate above-market wages with increased productivity. This paper tests this hypothesis in a natural field experiment where one or both workers in a pair received a discretionary bonus after an initial round of data entry tasks. Bonuses were assigned based on one of three criteria: (i) relative productivity in the initial round, (ii) economic need, or (iii) an arbitrary decision. Two conditions where neither or both workers received a bonus...
