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Who gets the Carrot and Who gets the Stick? Evidence of Gender Disparities in Executive Remuneration
Renneboog, Luc; Kulich, C.; Trojanowski, G.; Ryan, M.; … - Tilburg University, Center for Economic Research - 2010
managerial bonuses and company performance. Drawing on findings of gender studies, agency theory, and the leadership literature … performance has a moderating impact on pay inequalities. Employing a matched sample of 192 female and male executive directors of … managerial compensation of male executive directors is much more performance-sensitive than that of female executives. The …
Persistent link: https://www.econbiz.de/10011091560
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Are Female Top Managers Really Paid Less?
Renneboog, Luc; Geiler, P.H.M. - Tilburg University, Center for Economic Research - 2014
Abstract: Are female top managers paid less than their male counterparts? Is the gender gap higher in male-dominated industries? What effect on pay do female non-executive directors and remuneration consultants exert? While we find no pay gap for the figure-head (CEO), there is strong pay...
Persistent link: https://www.econbiz.de/10011092525
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Executive Remuneration and the Payout Decision
Renneboog, Luc; Geiler, P.H.M. - Tilburg University, Center for Economic Research - 2014
We analyze the payout channel choice of listed UK firms and examine whether the choice between dividends, share repurchases, a combination of payout channels, or complete earnings retention is affected by investor sentiment, taxation, major shareholder ownership, and in particular the CEO’s...
Persistent link: https://www.econbiz.de/10011144460
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Insider Trading, Option Exercises and Private Benefits of Control (Revision of DP 2010-32)
de Goeij, Peter; Renneboog, Luc; Cziraki, P. - Tilburg University, Center for Economic Research - 2010
We investigate patterns of abnormal stock performance around insider trades and option exercises on the Dutch market …
Persistent link: https://www.econbiz.de/10011092693
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Understanding Internal Capital Markets and Corporate Policies
Cremers, M.; Huang, R.; Sautner, Z. - Tilburg University, Center for Economic Research - 2009
This study looks inside a large retail-banking group to understand how corporate politics affect internal capital allocation. The group consists of a headquarters organization and about 150 member banks which own the headquarters. Our data is from the firm’s managerial accounting system and...
Persistent link: https://www.econbiz.de/10011091968
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The Usefulness of the Most Widely Reported Dutch Financial Statement Numbers to Stock Market Investors
Kabir, M.R. - Tilburg University, Center for Economic Research - 1997
flows as a summary performance measure does not have significant incremental usefulness. …
Persistent link: https://www.econbiz.de/10011090499
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Search for a New Conceptual Bookkeeping Model : Different Levels of Abstraction
Groenendaal, Willem van; Sweere, A.M.J. - Tilburg University, Center for Economic Research - 1999
Nowadays, every bookkeeping system used in practice is automated. Most bookkeeping software and integrated information systems are based on databases. In this paper, we develop a new conceptual bookkeeping model which is not based on manual techniques, but which is applicable in a database...
Persistent link: https://www.econbiz.de/10011092844
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The Managerial Labor Market and the Governance Role of Shareholder Control Structures in the UK
Renneboog, Luc; Trojanowski, G. - Tilburg University, Center for Economic Research - 2002
and their replacement are strongly performance-sensitive.Top executive turnover is shown to serve as a disciplinary … mechanism for corporate underperformance, whereas the level of monetary compensation rewards good performance.We also … impact on managerial disciplining or on the pay-for-performance contracts.There is little evidence of outside shareholder …
Persistent link: https://www.econbiz.de/10011092291
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The Choice between Rights-Preserving Issue Methods : Regulatory and Financial Aspects of Issuing Seasoned Equity in the UK
Renneboog, Luc; Korteweg, A.G. - Tilburg University, Center for Economic Research - 2002
This paper examines the choice between two rights-preserving issue methods of seasoned equity offers in the UK as well as the factors determining the offer price and stock market announcement reactions.Firstly, equity issues in the UK are underwritten for different reasons than in other...
Persistent link: https://www.econbiz.de/10011090514
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Reorganization Law and Dilution Threats in Different Financial Systems
Hege, U.; Mella-Barral, P. - Tilburg University, Center for Economic Research - 2000
In a market-based financial system, credit is held by dispersed creditors, and out-of-court renegotiation of debt is more likely to fail because of hold-out problems; in a bank-based system, out-of-court renegotiation stands good chances to succeed. Since out-of-court renegotiation is a...
Persistent link: https://www.econbiz.de/10011091952