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Enter, then, former property developer James Constantinou and his Surrey-based firm Prestige Pawnbrokers, which has made its name by raising cash on high-end items.
We first consider firm prestige or reputation.
In model (2), the result shows the moderating effect of firm prestige.
We address the endogeneity issue of the unknown omitted variables by using a proxy variable for firm prestige.
In untabulated results, we do not find any significant effect of firm prestige in the other sub-groups.
We address the endogeneity issue of unknown variables by using a proxy for firm prestige and draw the same conclusions.
Similar(48)
Such rates have since become common at firms with prestige.
The survey asked employees to assess their rival firms by prestige and to judge their employer by considerations like compensation, hours and culture.
But while Yahoo News is a massive force in online media, with more readers than any other news site according to stats firm Quantcast, the prestige hirings never quite gelled with the wider company.
Of course, many students who coveted Wall Street jobs have landed them: the prestige firms that remain are doing plenty of hiring, although substantially less than in years past.
Because general counsels are often senior partners with extensive experience and a store of prestige, firms need to restructure their pay so that the partners are not penalized because they no longer represent outside clients.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com