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Do Entrenched Managers Pay Their Workers More?

Svaleryd, helena - Institutet för Näringslivsforskning (IFN) - 2005

find that entrenched managers pay their workers more. For example, our estimates show that CEOs with more control rights … as evidence of agency problems between shareholders and managers affecting workers’ pay. The findings do not appear to be … with an agency model in which entrenched managers pay high wages because they come with private benefits, such as lower …

Persistent link: https://www.econbiz.de/10005645442

On the Internationalization of Corporate Boards

Oxelheim, Lars; Gregori, Aleksandra; Randøy, Trond; … - Institutet för Näringslivsforskning (IFN) - 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/10010818485

Globalization of Corporate Covernance: The American Influence on Dismissal Performance Sensitivity of European CEOs

Jungeilges, Jochen A.; Oxelheim, Lars; Randoy, Trond - Institutet för Näringslivsforskning (IFN) - 2010

This study examines how globalization of corporate governance practices influence the risk of European CEOs being dismissed. We argue that the harsh monitoring of the American corporate governance system spills over to the rest of the world as a result of this globalization. We focus on direct...

Persistent link: https://www.econbiz.de/10008562416

Person-Organization Fit and Incentives: A Causal Test

Andersson, Ola; Huysentruyt, Marieke; Miettinen, Topi; … - Institutet för Näringslivsforskning (IFN) - 2014

We investigate the effects of organizational culture and personal value orientations on performance under individual and team contest incentives. We develop a model of regard for others and in-group favoritism predicting interaction effects between organizational culture and personal values in...

Persistent link: https://www.econbiz.de/10010818327

The Impact of Foreign Board Membership on Firm Value

Oxelheim, Lars; Randøy, Trond - Institutet för Näringslivsforskning (IFN) - 2001

This study examines the effect of foreign (Anglo-American) board membership on corporate performance measured in terms of firm value (Tobin’s Q). On a basis of firms with headquarters in Norway or Sweden the study indicates a significantly higher value for firms that have outsider...

Persistent link: https://www.econbiz.de/10005645423

The Effects of Internationalization on CEO Compensation

Oxelheim, Lars; Randoy, Trond - Institutet för Näringslivsforskning (IFN) - 2004

This study examines the relation between the internationalization of firms and CEO compensation. Starting from a sample of Norwegian and Swedish listed firms we analyze the effects of internationalization as manifest in the capital market (international cross-listing), the market for corporate...

Persistent link: https://www.econbiz.de/10005645393

Gender Quotas and Women’s Political Leadership

O'Brien, Diana C.; Rickne, Johanna - Institutet för Näringslivsforskning (IFN) - 2014

Though more than 100 countries have adopted gender quotas, the impacts of these reforms on women’s political leadership remain largely unknown. We exploit a quasi-experiment – a zipper quota imposed by the Swedish Social Democratic national party on municipal party groups – to examine...

Persistent link: https://www.econbiz.de/10010945004

How to Avoid Compensating CEO for Luck: The Case of Microeconomic Fluctuations

Oxelheim, Lars; Wihlborg, Clas; Zhang, Jianhua - Institutet för Näringslivsforskning (IFN) - 2010

Incentive effects of performance-based compensation schemes for management may be weakened or biased by macroeconomic influences on remuneration. These influences can be seen as reflecting luck from the CEO’s perspective. In this chapter we present a model for how to avoid compensating CEO for...

Persistent link: https://www.econbiz.de/10008553045

Executive Compensation and Macroeconomic Fluctuations

Oxelheim, Lars; Wihlborg, Clas; Zhang, Jianhoa - Institutet för Näringslivsforskning (IFN) - 2008

Macroeconomic fluctuations affect corporations’ performance through demand and cost conditions. Incentive effects of performance-based compensation schemes for management may be weakened or biased by macroeconomic influences if management is unable to forecast macroeconomic fluctuations or...

Persistent link: https://www.econbiz.de/10005645433

The Real Effects of Private Equity Buyouts

Tåg, Joacim - Institutet för Näringslivsforskning (IFN) - 2010

Private equity buyouts have become a common element in the industrial development process. I survey the literature on the real economic effect of buyouts: employment, wages, productivity, and long-run investments. Employment tend to marginally fall after a buyout in most countries studied, with...

Persistent link: https://www.econbiz.de/10008548989