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- Creators: Department of Supply Chain Management
- Creators: Hertzel, Michael
Description
I study how the density of executive labor markets affects managerial incentives and thereby firm performance. I find that U.S. executive markets are locally segmented rather than nationally integrated, and that the density of a local market provides executives with non-compensation incentives. Empirical results show that in denser labor markets, executives face stronger performance-based dismissal threats as well as better outside opportunities. These incentives result in higher firm performance in denser markets, especially when executives have longer career horizons. Using state-level variation in the enforceability of covenants not to compete, I find that the positive effects of market density on incentive alignment and firm performance are stronger in markets where executives are freer to move. This evidence further supports the argument that local labor market density works as an external incentive alignment mechanism.
ContributorsZhao, Hong, Ph.D (Author) / Hertzel, Michael (Thesis advisor) / Babenko, Ilona (Committee member) / Coles, Jeffrey (Committee member) / Stein, Luke (Committee member) / Arizona State University (Publisher)
Created2017
Description
The Barrett Honors College thesis project is a chance to discover and research a topic that students are truly passionate about, and then share the findings with the Barrett community. The process of brainstorming project ideas and ultimately deciding on a topic is one, which is filled with excitement and curiosity. The topic that is chosen for current research identifies whether career and life satisfaction are competing or complementary factors for executives. The primary reason this particular topic has been selected for the honors thesis is because of the initial interest regarding achieving family and work-life balance in the professional world. The report focuses on the research proposal, methodology of conducting surveys and forming a strong research question, results from statistical analysis, and the implications of this study. As part of the brainstorming process, it is important to understand not only what students' perceptions are of achieving family and work-life balance, but also the American societal stigma of "having it all." After conducting significant research regarding career, family and balancing the two, it is evident that there are societal as well as cultural differences concerning career and personal lifestyle satisfaction. The purpose of this study is to further explore how executives today view the world in terms of overall satisfaction regarding various aspects of their lives including: relationships, family, work hours, vacation and balance, and to determine which factors are most influential in predicting satisfaction. In addition to this, it is also important to evaluate how the results from this research compare to the perceptions existing in modern day society about achieving both career and personal balance.
ContributorsShukla, Shruti (Co-author) / Smith, Erika (Co-author) / Dawson, Greg (Thesis director) / Moser, Kathleen (Committee member) / Dong, Su (Committee member) / Barrett, The Honors College (Contributor) / Department of Supply Chain Management (Contributor) / Department of Information Systems (Contributor)
Created2013-05