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UID:055e394627f596421ee350ff1a6bbb53
CATEGORIES:Seminars
CREATED:20170426T191930
SUMMARY:Wouter Dessein - Columbia Business School
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p style="text-align: justify;"><strong>Organizational Capital, Managerial 
 Heterogeneity, and Firm Dynamics</strong></p><p style="text-align: justify;
 ">Abstract:<br /> We develop a simple model of firm dynamics, where firm pe
 rformance depends on a set of intangible assets that we call organizational
  capital. In turn, the growth of organizational capital depends on the abil
 ity and behavior of the CEO. The profit-maximizing firm owner can hire and 
 fire the CEO but she faces informational and contractual constraints. Equil
 ibrium is characterized by the co-existence of firms with different organiz
 ational capital, different leadership styles, and different performances. T
 his model rationalizes stylized facts about firm performance, management pr
 actices, and CEOs.</p>
DTSTAMP:20260422T054332Z
DTSTART:20170420T173000Z
DTEND:20170420T190000Z
SEQUENCE:0
TRANSP:OPAQUE
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