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CEO Pay and the rise of Relative Performance Contracts : A Question of Governance?
Bell, Brian - 2016
responds more to increases in shareholders' return performance than to decreases. Further, this asymmetry is stronger when …
Persistent link: https://www.econbiz.de/10012456270
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Managerial Miscalibration
Ben-David, Itzhak - 2010
Using a unique 10-year panel that includes more than 13,300 expected stock market return probability distributions, we find that executives are severely miscalibrated, producing distributions that are too narrow: realized market returns are within the executives' 80% confidence intervals only...
Persistent link: https://www.econbiz.de/10012462440
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CEO Compensation and Adverse Shocks : Evidence from Changes in Environmental Regulations
Choi, Seungho; Levine, Ross; Park, Jonghyeon; Xu, Simon - National Bureau of Economic Research - 2024
resurrection" strategy. Moreover, the strength of corporate governance influences shareholders' capacity to align executive …
Persistent link: https://www.econbiz.de/10014635626
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The impact of competition on management quality : evidence from public hospitals
Bloom, Nicholas; Propper, Carol; Seiler, Stephan; Van … - 2010
Persistent link: https://www.econbiz.de/10003994168
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The impact of competition on management quality : evidence from public hospitals
Bloom, Nicholas; Propper, Carol; Seiler, Stephan; Van … - 2010
Persistent link: https://www.econbiz.de/10003994673
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Why are Firms with More Managerial Ownership Worth Less?
Fabisik, Kornelia - 2018
Using more than 50,000 firm-years from 1988 to 2015, we show that the empirical relation between a firm's Tobin's q and managerial ownership is systematically negative. When we restrict our sample to larger firms as in the prior literature, our findings are consistent with the literature,...
Persistent link: https://www.econbiz.de/10012481002
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The Impact of Competition on Management Quality : Evidence from Public Hospitals
Bloom, Nicholas - 2010
In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … management quality - measured using a new survey tool - is strongly correlated with financial and clinical outcomes such as … a greater number of neighboring hospitals) is positively correlated with increased management quality, and this …
Persistent link: https://www.econbiz.de/10012462620
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The dark side of outside directors : Do they quit when they are most needed?
Fahlenbrach, Rüdiger - 2010
Outside directors have incentives to resign to protect their reputation or to avoid an increase in their workload when they anticipate that the firm on whose board they sit will perform poorly or disclose adverse news. We call these incentives the dark side of outside directors. We find strong...
Persistent link: https://www.econbiz.de/10012462735
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A Corporate Beauty Contest
Graham, John R. - 2010
We conduct beauty contest experiments, using close to 2,000 subjects to study the facial traits of CEOs. In one experiment we use pairs of photographs and find that subjects rate CEO faces as appearing more "competent" and less "likable" than non-CEO faces. Another experiment matches CEOs from...
Persistent link: https://www.econbiz.de/10012462745
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Bank CEO Incentives and the Credit Crisis
Fahlenbrach, Rüdiger - 2009
no evidence that banks with CEOs whose incentives were better aligned with the interests of their shareholders performed …
Persistent link: https://www.econbiz.de/10012463437