Author: "Salaga, Steven" / Topic: l83 - Searchworks@Jio Institute Digital Library Search Results

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Start Over Author "Salaga, Steven" Topic l83

Author: Peeters, Thomas, Salaga, Steven, and Juravich, Matthew
Subjects: M12, ddc:330, M54, match quality, L83, team performance, Major League Baseball, management
Abstract: In this paper we investigate the impact of upper and middle level managers on firm performance by simultaneously estimating manager and match qualities for management pairings in Major League Baseball (MLB). We document the economic significance of managers at both organizational levels and illustrate the importance of accounting for match quality in evaluating manager impact. Our results suggest assortative matching as managerial quality is positively correlated across organizational levels. Higher match quality in a pairing is further associated with higher individual manager qualities and longer joint employment spells. Mismatches in educational attainment are linked to lower match quality.
Published: 2015

Author: Mills, Brian M. and Salaga, Steven
Abstract: We test the integration of repeated decision making of influential agents in asset prices. Our approach exploits a natural experiment in the Major League Baseball (MLB) betting market, where umpire assignments are revealed only for certain games, using over 2.5 million decisions made by these officials. Estimations reveal only partial adjustment to information related to umpire behavioral heterogeneity. We show this is exploitable by informed bettors, providing advantages over more salient, lower quality information. These results suggest that underlying information on influential individual decision making can serve as a high quality indicator of asset values due to persistence across time. [ABSTRACT FROM AUTHOR]
Published: 2018
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