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Startup firms face a significant managerial challenge when they grow beyond the boundaries of informal interactions. This transition point has often been identified with a significant crisis in the growth path of these firms. An important aspect of this transition is the adoption of management...
Persistent link: https://www.econbiz.de/10012727254
We empirically examine how governance structure affects the design of executive compensation contracts and, in particular, the implicit weights of firm performance measures in CEO compensation. We find that compensation contracts in firms with higher takeover protection and where the CEO has...
Persistent link: https://www.econbiz.de/10012731989
Systematic analysis of U.S. capital markets reveals important empirical facts that analytical modeling or empirical research seeking to explain the 1998-2001 movements needs to recognize. There is no single bubble point at which U.S. capital markets had an epiphany in which they realized that...
Persistent link: https://www.econbiz.de/10014027328
Management control systems can hinder innovation. However, recent theoretical and empirical work indicates that they can also enhance it. In this paper, this question is investigated using two sequential empirical studies. In the first, a field research design is used to examine the adoption of...
Persistent link: https://www.econbiz.de/10014027329