Boarding a Sinking Ship? An Investigation of Job Applications to Distressed Firms

We use novel data from a leading online job search platform to examine the impact of corporate distress on firms’ ability to attract job applicants. Survey responses suggest that job seekers accurately perceive firms’ financial condition, as measured by companies’ credit default swap prices and accounting data. Analyzing responses to job postings by major financial firms during [...]

2021-02-16T12:50:10-07:00July 7th, 2020|

Why do some firms give stock options to all employees? An empirical examination of alternative theories.

Many firms issue stock options to all employees. We consider three potential economic justifications for this practice: providing incentives to employees, inducing employees to sort, and helping firms retain employees. We gather data on firms' stock option grants to middle managers from three distinct sources, and use two methods to assess which theories appear to explain observed [...]

2021-02-16T12:50:57-07:00July 7th, 2020|

Personnel economics: Hiring and incentives

Many firms issue stock options to all employees. We consider three potential economic justifications for this practice: providing incentives to employees, inducing employees to sort, and helping firms retain employees. We gather data on firms' stock option grants to middle managers from three distinct sources, and use two methods to assess which theories appear to explain observed [...]

2021-02-16T12:50:16-07:00July 2nd, 2020|

Rethinking Strength in Numbers: Bilateral Bargaining in Groups

Ravideep Sethi, and WonSeok Yoo, 2020. Constructing a model in which two groups of individuals are engaged in alternate offer bargaining, the authors find that, counter to common intuition, the smaller a group is, the more it is able to extract in bargaining. This implies that dictatorships have an innate advantage in bargaining against democracies. [download pdf]

2023-09-27T11:58:28-06:00May 19th, 2020|

The Construction Industry: How to Build Your Way Back

[Original air date: May 5, 2020] The Construction Industry: How to Build Your Way Back View Recording View PowerPoint View Colliers Back-to-Business Primer Moderator: Natalie Gochnour Associate Dean at the David Eccles School of Business; Director of the Kem [...]

2020-06-02T19:56:26-06:00May 5th, 2020|