The Market for Reputation: Repeated Matching and Career Concerns
主 题: | The Market for Reputation: Repeated Matching and Career Concerns |
主讲人: | Eunhee Kim助理教授 |
主持人: | 陈斌副教授 |
时 间: | 2018年03月26日14:30-16:00 |
地 点: | 管理学院善思堂M101 |
主办单位: | 金融服务资源配置与风险管理团队 |
讲座简介:
Abstract:I propose a multiperiod matching model of firms and managers to
explain that managerial career concerns may not guarantee economic
efficiency in matching. In the model, firms compete for managerial talent,
and managers are concerned about their reputations. Due to the trade-off
between match efficiency from productive complementarity and agency costs
from managers’ reputational concerns, assortative matching of firms and
managers may fail. I derive necessary conditions for such failure with
respect to the size distributions of firms. The model can be applied to
analyzing cross-sectional patterns of two-sided matching, and aggregate
firm performance and agency costs.
主讲人简介: 嘉宾简介:Eunhee Kim,香港城市大学助理教授,哥伦比亚大学运筹学硕士毕业,卡耐基梅隆大学会计学博士毕业,博士论文获得美国会计学会最佳论文奖。