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Pitfalls and perils of financial innovation : the use of CDS by corporate bond funds

Adam, Tim; Güttler, André - 2015

relative to single managers. During the financial crisis, however, the performance premium of teams becomes negative, which may …

Persistent link: https://www.econbiz.de/10010503931

Competing with superstars

Ammann, Manuel; Horsch, Philipp; Oesch, David - 2015

prestigious media awards, we document a significant positive stock market performance of competitors of superstar CEOs subsequent … geographically close to an award winner and who are not entrenched. We observe an increase in risk-taking, operating performance and … innovation activity of superstars’ competitors as potential channels for this positive performance. Our results suggest a …

Persistent link: https://www.econbiz.de/10011344197

Management influence on investors : evidence from shareholder votes on the frequency of say on pay

Ferri, Fabrizio; Oesch, David - 2013

The literature on shareholder voting has mostly focused on the influence of proxy advisors on shareholder votes. We exploit a unique empirical setting enabling us to provide a direct estimate of management's influence. Analyzing shareholder votes on the frequency of future say on pay votes, we...

Persistent link: https://www.econbiz.de/10010410452

Are stewardship and valuation usefulness compatible or alternative objectives of financial accounting?

Gassen, Joachim (contributor) - 2008

In their joint framework project, the FASB and the IASB recently proposed dropping stewardship as a separate objective of financial accounting, because the Boards view stewardship and valuation usefulness as compatible sub-objectives ranking under an overall objective of decision usefulness....