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Board diversity and shareholder voting
Gow, Ian D.; Larcker, David F.; Watts, Edward M. - 2020 - Draft: November 16, 2020
The lack of diversity across gender and race of corporate boards has been one of the most significant issues in corporate board governance in recent years. Given the critical role that shareholders have in approving director appointments, we analyze voting patterns in director elections to...
Persistent link: https://www.econbiz.de/10012504210
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The Mechanism of Voting Efficiency
Schouten, M.C. - ESRC Centre for Business Research - 2010
In the wake of the financial crisis, shareholders are increasingly relied upon to monitor directors. But while much has been written about directors' flawed judgments, remarkably little is known about shareholders' ability to make accurate judgments. What determines whether shareholders make the...
Persistent link: https://www.econbiz.de/10010614650
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Corporate governance practices and companies' R&D orientation: Evidence from European countries
Honoré, Florence; Munari, Federico; van Pottelsberghe … - 2011
correlates with lower R&D intensity. An executive remuneration system that is linked to the firm's financial performance has a …
Persistent link: https://www.econbiz.de/10010317328
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Methods for Multicountry Studies of Coporate Governance: Evidence from the BRIKT Countries
Black, Bernard; Carvalho, Antonio Gledson De; Khanna, … - Volkswirtschaftliche Fakultät, … - 2014
We discuss empirical challenges in multicountry studies of the effect of firm-level corporate governance on firm value, focusing on emerging markets. We assess the severe data, “construct validity,” and endogeneity issues in these studies, propose methods to respond to those issues, and...
Persistent link: https://www.econbiz.de/10011112797
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Does say on pay matter? : evidence from the German natural experiment
Troeger, Tobias H.; Walz, Uwe - 2016
. When considering only the overall board members' compensation, the hypothesis of lower remuneration in case of low …
Persistent link: https://www.econbiz.de/10011539853
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Managerial Remuneration and Disciplining in the UK : A Tale of Two Governance Regimes
Renneboog, Luc - 2010
We simultaneously analyze two mechanisms of the managerial labor market (CEO turnover and remuneration schemes) in two … to CEO remuneration, we sketch a nuanced picture as we find some evidence supporting the alignment of interests … hypothesis, but also supporting the managerial power or skimming model for managerial remuneration practices in the UK prior to …
Persistent link: https://www.econbiz.de/10013135217
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Does say on pay matter? : evidence from Germany
Tröger, Tobias; Walz, Uwe - 2019
remuneration is decreased if shareholder support for compensation schemes is low in say on pay-votes finds only weak support, if … analytical approach for say on pay-regimes. Any evaluation of a shareholder voice-strategy in regulating executive remuneration … has to pay close attention to the limits contract law stipulates for the adaptation of existing remuneration agreements …
Persistent link: https://www.econbiz.de/10012061896
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An activist view of CEO compensation
Baum, Alex; Hale, Robert; Morfit, Mason; Larcker, David F. - 2017
Understanding CEO compensation plans is a continuing challenge for directors and investors. The disclosure of these plans is dictated by SEC rules that rely heavily on the “fair value” of awards at the time they are granted. The problem with these numbers is that they are static and do not...
Persistent link: https://www.econbiz.de/10011870307
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Uncapping Executive Pay
Doran, Michael - 2017
This article sets out the case for repealing the $1 million tax cap on executive pay. The cap is easily avoided and, when not avoided, widely ignored. Since enactment in 1993, the cap has had little effect in reducing executive pay or in linking pay to performance. Even worse, the cap increases...
Persistent link: https://www.econbiz.de/10012965067
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On the internationalization of corporate boards
Oxelheim, Lars; Gregorič, Aleksandra; Randøy, Trond; … - 2013
Despite the global reach of their commercial activities, many multinational firms have proved slow in internationalizing their boards of directors. Based on a panel study of the internationalization of the boards of 347 non-financial firms from the Nordic countries, we find a higher fraction of...
Persistent link: https://www.econbiz.de/10009737665