"Compensation, status, and press coverage of managers in the U.S. follow a highly skewed distribution: a small number … board seats or writing books. The incidence of earnings management increases after winning awards. The effects are strongest … governance. Our results suggest that the ex-post consequences of media-induced superstar status for shareholders are negative …

Compensation, status, and press coverage of managers in the U.S. follow a highly skewed distribution: a small number of … books. The incidence of earnings management increases after winning awards. The effects are strongest in firms with weak … that the ex-post consequences of media-induced superstar status for shareholders are negative …

the announcement day return of bidding firms. The returns to bidding shareholders are lower when their firm diversifies …, when it buys a rapidly growing target , and when the performance of its managers has been poor before the acquisition …. These results are consistent with the proposition that managerial rather than shareholders' objectives drive bad …

responds more to increases in shareholders' return performance than to decreases. Further, this asymmetry is stronger when …