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Earnings baths by bank CEOs during turnovers
Bornemann, Sven; Pfingsten, Andreas; Kick, Thomas; … - 2014
This study investigates the development of income-decreasing discretionary expenses surrounding CEO turnovers at banks. We expect incoming CEOs to take an earnings bath during the initial stage of their tenure. For a sample of German banks over the period 1993-2012, we document that (1) incoming...
Persistent link: https://www.econbiz.de/10010249661
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Communication within firms: evidence from CEO turnovers
Impink, Stephen Michael; Prat, Andrea; Sadun, Raffaella - 2021
Persistent link: https://www.econbiz.de/10012614439
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Managers' mobility, trade status, and wages
Mion, Giordano; Opromolla, Luca David - 2011
This paper investigates whether the arrival of managers with export experience, i.e. experience acquired through … relationship is of a causal nature. We construct a worker-firm matched panel dataset which enables us to track managers across …. Contrary to blue and white collars, we find that managers are paid a sizeable premium for export experience which has both a …
Persistent link: https://www.econbiz.de/10008859590
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The influence of social capital on CEO dismissal in Germany : an empirical analysis
Wrage, Markus; Tuschke, Anja; Bresser, Rudi K. F. - 2011
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...
Persistent link: https://www.econbiz.de/10008905946
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The diffusion of knowledge via managers’ mobility
Mion, Giordano; Opromolla, Luca David; Sforza, Alessandro - 2016
Persistent link: https://www.econbiz.de/10011581530
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Dream jobs
Mion, Giordano; Opromolla, Luca David; Ottaviano, … - 2020
Persistent link: https://www.econbiz.de/10012486507
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Strategic or status quo-preserving business exit : (how) do CEO turnover and succession matter?
Decker, Carolin; Bresser, Rudi K. F.; Mellewigt, Thomas - 2010
Business exit has implications for a firm's corporate strategy. Two types of exit events are distinguished: those that involve strategic change and those that are status quo-preserving. This study investigates the impact of CEO turnover and succession on strategic versus status quo-preserving...
Persistent link: https://www.econbiz.de/10008665435
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Updating the option implied probability of default methodology
Vilsmeier, Johannes - 2014
In this paper we ‘update’ the option implied probability of default (option iPoD) approach recently suggested in the literature. First, a numerically more stable objective function for the estimation of the risk neutral density is derived whose integrals can be solved analytically. Second,...
Persistent link: https://www.econbiz.de/10010471968
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Employee stock purchase plans gift or incentive? : evidence from a multinational corporation
Bryson, Alex; Freeman, Richard B. - 2014
Persistent link: https://www.econbiz.de/10010464944
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New economy accounting : why are broad-based stock options plans so attractive?
Hess, Dieter - 2000
Several studies indicate that stock option plans are becoming more and more a substantial part of compensation schemes in U.S. companies. This paper shows the tax implications and accounting rules for stock option plans. By comparison of the tax and accounting rules for different compensation...
Persistent link: https://www.econbiz.de/10013428338