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The market for CEOs
Cziraki, Peter; Jenter, Dirk - 2021
We study the market for CEOs of large publicly-traded US firms, analyze new CEOs' prior connections to the hiring firm, and explore how hiring choices are determined. Firms are hiring from a surprisingly small pool of candidates. More than 80% of new CEOs are insiders, defined as current or...
Persistent link: https://www.econbiz.de/10012546976
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Market competition or family ties : which prevails on Italian CEOs pay?
Graziano, Clara; Rondi, Laura - 2015 - This draft: June 8, 2015
The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed firms from 2000 to 2011 and tests the impact of the 2007-08 financial crisis on pay-performance sensitivity. We argue that important differences both in the level of compensation...
Persistent link: https://www.econbiz.de/10011280832
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Corporate deductibility provisions and managerial incentives
Köthenbürger, Marko; Stimmelmayr, Michael - 2013
findings suggest that, when managers engage in wasteful capital expenditures, welfare may decline if the cost of investment is …
Persistent link: https://www.econbiz.de/10010227267
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A theory of tax avoidance : managerial incentives for tax planning in a multi-task principal-agent model
Ewert, Ralf; Niemann, Rainer - 2014
We derive determinants of tax avoidance by means of a multi-task principal-agent model. We extend prevailing models by integrating both corporate and individual income taxation as well as by including tax planning effort in the agent’s action portfolio. Our model shows novel and apparently...
Persistent link: https://www.econbiz.de/10010367166
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The diffusion of knowledge via manager's mobility
Mion, Giordano; Opromolla, Luca David; Sforza, Alessandro - 2016
Better managers and managerial practices lead to better firm performance. Yet, little is known about what happens when … managers move across firms. Does a firm hiring a good manager improve its performance? If yes is there some valuable knowledge …-invariant ability of the manager as well as overall firm performance. We find that the export experience gained by managers in previous …
Persistent link: https://www.econbiz.de/10011580556
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Learning from the past : trends in executive compensation over the twentieth century
Frydman, Carola (contributor) - 2008
with the evolution in executive pay and the market for managers during earlier time periods. A case study of General … managers …
Persistent link: https://www.econbiz.de/10003790763
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What explains the rise in CEO pay in Germany? : a panel data analysis for 1977-2009
Fabbri, Francesca; Marin, Dalia - 2012
work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in … difficult times when the typical firm size shrinks. We find further that domestic and global competition for managers has …
Persistent link: https://www.econbiz.de/10009508092
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The bright side of the GDPR : welfare-improving privacy management
Choe, Chongwoo; Matsushima, Noriaki; Shekhar, Shiva - 2023
We study the GDPR's opt-in requirement in a model with a firm that provides a digital service and consumers who are heterogeneous in their valuations of the firm's service as well as the privacy costs incurred when sharing personal data with the firm. We show that the GDPR boosts demand for the...
Persistent link: https://www.econbiz.de/10014334058
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Managerial talent, motivation, and self-selection into public management
Delfgaauw, Josse (contributor);  … - 2008
brightest managers to the public sector abound. This paper studies self-selection into managerial and non-managerial positions … return to managerial ability is always highest in the private sector. As a result, relatively many of the more able managers …
Persistent link: https://www.econbiz.de/10003772147
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Do markets care about central bank governor changes? : evidence from emerging markets
Moser, Christoph (contributor); Dreher, Axel (contributor) - 2007
Persistent link: https://www.econbiz.de/10003624920