How Do the Labor Market Values of Managerial Traits Evolve?

2018 ◽  
Author(s):  
Si Li ◽  
Marcos Fabricio Perez

2014 ◽  
Vol 55 (1) ◽  
pp. 25-56 ◽  
Author(s):  
Olivier Godechot

Abstract“Weak ties”, a valuable aid in getting a job, are generally work ties. One reason for this feature is not that former colleagues increase one’s information but rather that they value the pursuit of past collaboration. We examine the consequence of the collaboration ties hypothesis in the financial industry labor market. In finance, the labor market values the assets that financial operatives take with them from one firm to another, such as knowledge, know-how and customers. Since assets are to a certain extent shared among co-workers, it is worth hiring business relations and former colleagues or moving in teams: this enables a better transfer of assets such as idiosyncratic work routines, distributed knowledge, or joint customers. To demonstrate our claims we rely on an online survey launched with eFinancialCareers.fr collected in September 2008 among French financial employees. This questionnaire shows that working at the core of financial markets favors the accumulation of key moveable assets on the one hand and of collaboration ties on the other. That is, collaboration ties and key moveable assets are strongly correlated. The moving of key assets, collaboration ties and notably the combination of those two dimensions all result in increased wages.



2016 ◽  
Vol 18 (2) ◽  
pp. 140-161 ◽  
Author(s):  
Daniel Weimar ◽  
Pamela Wicker

In Moneyball, the assumption was made that the baseball labor market undervalues specific player skills. This study investigates whether this is also the case for player effort in professional soccer which had no significant effect on players’ market values in previous research. Specifically, it examines the effect of effort on team performance in soccer using team-game day data from three seasons ( N = 1,514) of the German Bundesliga. Two effort measures are applied: (1) total distance run and (2) number of intensive runs (>20 km/hr) per player and per match. The results of probit models show that both effort measures have a significant positive effect on whether the observed team won the observed match in separate estimations. In the full model, only the effect of running distance remains positive, while intensive runs become negative. Given the insignificant effect of effort on players’ market values in previous research, we suggest that there may be a Moneyball phenomenon in soccer in the sense that the soccer labor market undervalues running distance. The findings imply that decision makers in professional soccer should consult player statistics to a greater extent.





1978 ◽  
Vol 33 (11) ◽  
pp. 990-999 ◽  
Author(s):  
Lewis C. Solmon
Keyword(s):  


1982 ◽  
Vol 27 (5) ◽  
pp. 368-368
Author(s):  
Lois F. Copperman ◽  
Donna Stuteville
Keyword(s):  






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