The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Rising Through the Ranks: The Evolution of the Market for Corporate Executives, 1936–2003
Abstract
I present new stylized facts on the market for managers over the twentieth century, utilizing a novel data set on managerial careers. From the 1930s to the mid-1970s, the level of executive pay, inequality among executives across and within firms, and mobility were low. These patterns have reversed since then. I document that an increase in the importance of general managerial human capital can account for this change. The level of general skills, measured by the type of education and occupational mobility of managers, correlate with higher pay and turnover. Other factors may have also contributed to these changes, but the labor market for managers has likely played an important role. This paper was accepted by Wei Jiang, finance.
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Citations
Cites
Managerial Incentive Problems: A Dynamic Perspective
Holmstrom, B. (1999) · Review of Economic Studies · doi:10.1111/1467-937x.00083 · Cited by 3,172
Are U.S. CEOs Paid More? New International Evidence
Fernandes, N., Ferreira, M. A., Matos, P., & Murphy, K. J. (2013) · Review of Financial Studies · doi:10.1093/rfs/hhs122 · Cited by 302
Cited by
Why Has CEO Pay Increased So Much?*
Gabaix, X., & Landier, A. (2008) · Quarterly Journal of Economics · doi:10.1162/qjec.2008.123.1.49 · Cited by 1,764
Bebchuk, L. A., Cremers, K. J. M., & Peyer, U. C. (2011) · Journal of Financial Economics · doi:10.1016/j.jfineco.2011.05.006 · Cited by 993
Generalists versus specialists: Lifetime work experience and chief executive officer pay
Custódio, C., Ferreira, M. A., & Matos, P. (2013) · Journal of Financial Economics · doi:10.1016/j.jfineco.2013.01.001 · Cited by 745
Frydman, C., & Jenter, D. (2010) · Annual Review of Financial Economics · doi:10.1146/annurev-financial-120209-133958 · Cited by 542
Self-citationHow Do CEOs Matter? The Effect of Industry Expertise on Acquisition Returns
Custódio, C., & Metzger, D. (2013) · Review of Financial Studies · doi:10.1093/rfs/hht032 · Cited by 299
Metadata
- Authors
- Frydman, C.
- Venue
- Management Science
- Published
- 2019-11
- Volume
- 65
- Issue
- 11
- Pages
- 4951-4979
- ISSN
- 0025-1909 (ISSN-L)
- 1526-5501
- OpenAlex
- W116222460
- Cited by
- 300
- References
- 2
- FWCI
- 43.58
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
