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How Do Venture Capitalists Make Decisions?

Gompers, Paul A. - 2016

We survey 885 institutional venture capitalists (VCs) at 681 firms to learn how they make decisions across eight areas: deal sourcing; investment selection; valuation; deal structure; post-investment value-added; exits; internal firm organization; and relationships with limited partners. In selecting...

Persistent link: https://www.econbiz.de/10012983682

Executive Pay and Performance : Evidence from the U.S. Banking Industry

Hubbard, R. Glenn - 2011

control markets (i.e., where interstate banking is permitted) require talented managers whose levels of compensation are … higher. We also find that the compensation-performance relationship is stronger than for managers in markets where interstate …

Persistent link: https://www.econbiz.de/10013125319

Executive Compensation and Corporate Governance in the U.S : Perceptions, Facts and Challenges

Kaplan, Steven N. - 2012

In this paper, I consider the evidence for three common perceptions of U.S. public company CEO pay and corporate governance: (1) CEOs are overpaid and their pay keeps increasing; (2) CEOs are not paid for their performance; and (3) boards do not penalize CEOs for poor performance. While average...

Persistent link: https://www.econbiz.de/10013100668

Benefits of Control, Managerial Ownership, and the Stock Returns of Acquiring Firms

Hubbard, R. Glenn - 2008

This paper examines the effect of the benefits of corporate control to managers on the relationship between managerial … the acquiring firm increases, the interests of managers are more closely aligned with those of shareholders, reducing the … acquisition premium. At sufficiently high levels of managerial ownership, managers value a reduction in the risk of their …

Persistent link: https://www.econbiz.de/10012774941

Wall Street and Main Street : What Contributes to the Rise in the Highest Incomes?

Rauh, Joshua D. - 2007

We consider how much of the top end of the income distribution can be attributed to four sectors -- top executives of non-financial firms (Main Street); financial service sector employees from investment banks, hedge funds, private equity funds, and mutual funds (Wall Street); corporate lawyers;...

Persistent link: https://www.econbiz.de/10012776462

Understanding the Determinants of Managerial Ownership and the Link between Ownership and Performance

Himmelberg, Charles P. - 2010

Both managerial ownership and performance are endogenously determined by exogenous (and only partly observed) changes in the firm's contracting environment. We extend the cross-sectional results of Demsetz and Lehn (1985) and use panel data to show that managerial ownership is explained by key...

Persistent link: https://www.econbiz.de/10012763767

CEO Personality and Firm Policies

Gow, Ian D. - 2016

Based on two samples of high quality personality data for chief executive officers (CEOs), we use linguistic features extracted from conferences calls and statistical learning techniques to develop a measure of CEO personality in terms of the Big Five traits: agreeableness, conscientiousness,...

Persistent link: https://www.econbiz.de/10012986297

Top Executives, Turnover and Firm Performance in Germany

Kaplan, Steven N. - 2021

This paper examines executive turnover -- both for management and supervisory boards - - and its relation to firm performance in the largest companies in Germany in the 1980s. The management board turns over slowly -- at a rate of 10% per year -- implying that top executives in Germany have...

Persistent link: https://www.econbiz.de/10013218102

Which CEO Characteristics and Abilities Matter?

Kaplan, Steven N. - 2014

We study the characteristics and abilities of CEO candidates for companies involved in buyout (LBO) and venture capital (VC) transactions and relate them to hiring decisions, investment decisions, and company performance. Candidates are assessed on more than thirty individual abilities. The...

Persistent link: https://www.econbiz.de/10012751371

Are CEOS Different? Characteristics of Top Managers

Kaplan, Steven N. - 2017

We use a dataset of over 2,600 executive assessments to study thirty individual characteristics of candidates for top executive positions – CEO, CFO, COO and others. We classify the thirty candidate characteristics with four primary factors: general ability, execution vs. interpersonal,...

Persistent link: https://www.econbiz.de/10012947633