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In this study, we address the question of why some CEOs stay in office during a performance downturn while others don't. Based on a social capital perspective we assume that (1) the social capital endowment of an underperforming CEO may reduce the risk of getting dismissed and that (2) the...
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Little is known about how socioeconomic characteristics of executive teams affect corporate governance in banking. Exploiting a unique dataset, we show how age, gender, and education composition of executive teams affect risk taking of financial institutions. First, we establish that age,...
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which managers could become entrenched, they already bear a large proportion of the costs and have therefore an incentive to …
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, um Teilzeitarbeit von Führungskräften in Deutschland sowohl im zeitlichen als auch im internationalen Vergleich … Auswertungen zeigen: In Deutschland arbeiteten im Jahr 2019 laut eigener Aussage rund 14 Prozent der Führungskräfte in Teilzeit. Im … europäischen Vergleich gehört Deutschland damit zu den Ländern mit dem höchsten Anteil an teilzeitarbeitenden Führungskräften. Die …
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This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative … managerled firms, expenditures on R&D depend on the control exerted. If capital shares are widely dispersed and managers are thus … only controlled a little by owners, they invest more into R&D. Owner-led firms and managers who are strongly controlled …
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