Showing 1 - 10 of 148
We study the gender pay gap in the labor market for CEOs by analysing 1,174 outsider CEO successions over the past three decades across 18 countries. We find that male and female CEOs receive a similar compensation overall but this masks marked gender differences in the pay structure: namely,...
Persistent link: https://www.econbiz.de/10013471202
We assess the long-term effects of managerial stress on aging and mortality. First, we show that exposure to industry distress shocks during the Great Recession produces visible signs of aging in CEOs. Applying neural-network based machine-learning techniques to pre- and post-distress pictures,...
Persistent link: https://www.econbiz.de/10014326393
of directors (employee governance representation, EGR) affect firms' propensity to staff management positions through … likely prefer firms to rely on internal labor markets (ILM) when hiring new managers and (2) conceptualizing the employees …' impact on the staffing of management positions via the efficiency mechanism, related to the positive effects of EGR on the …
Persistent link: https://www.econbiz.de/10015064437
This paper develops a novel method to identify the causal contribution of managers to team performance. The method … requires repeated random assignment of managers to multiple teams and controls for individuals' skills. A good manager is … someone who consistently causes their team to produce more than the sum of their parts. Good managers have roughly twice the …
Persistent link: https://www.econbiz.de/10014584405
ownership and supervisory board size, we do find significant entrenchments effects associated with ownership by managers …
Persistent link: https://www.econbiz.de/10003894422
mechanisms and shareholder control were virtually absent in the period studied (1991-2000). -- Top management departure …
Persistent link: https://www.econbiz.de/10003561623
This paper investigates whether and how various characteristics of CEOs and corporate boards are related to the severity of corporate governance problems within firms. The latter is proxied by private benefits of control, which we measure for dual class stock firms using the voting premium...
Persistent link: https://www.econbiz.de/10009524994
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/10009533980
This paper studies the effect on company performance of appointing non-executive directors that are also executive directors in other firms. The analysis is based on a new panel dataset of UK companies over 2002-2008. Our findings suggest a positive relationship between the presence of these...
Persistent link: https://www.econbiz.de/10010246653
This paper analyzes the determinants of women on the boards of directors based on a panel sample of all Danish companies in the private sector with more than 50 employees. The share of women on the boards of directors was 12 percent in 2007 and has only slowly increased during the period...
Persistent link: https://www.econbiz.de/10010201307