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The Relation between Equity Incentives and Misreporting : The Role of Risk-Taking Incentives

Armstrong, Chris - 2013

Prior research argues that a manager whose wealth is more sensitive to changes in the firm's stock price has a greater incentive to misreport. However, if the manager is risk-averse and misreporting increases both equity values and equity risk, the sensitivity of the manager's wealth to changes...

Persistent link: https://www.econbiz.de/10013089871

Fixed or Contingent : How Should 'Governance Monitors' Be Paid?

Larcker, David F. - 2013

Corporate monitors are important participants in corporate governance systems. Monitors include the board of directors, the general counsel, and internal and external auditors. Monitors are paid by the organization but their responsibilities largely or mostly non-managerial.How should monitors...

Persistent link: https://www.econbiz.de/10013089994

Sudden Death of a CEO : Are Companies Prepared When Lightening Strikes?

Larcker, David F. - 2013

It is very difficult for shareholders to know detailed information about CEO succession planning among the companies …

Persistent link: https://www.econbiz.de/10013091444

What Does it Mean for an Executive to 'Make' $1 Million?

Larcker, David F. - 2013

The press and other third-party observers frequently discuss executive compensation. However, executive compensation figures are not always what they seem. Executive pay packages contain a diverse mix of cash and non-cash incentives, payable in one or multiple years and subject to accruals,...

Persistent link: https://www.econbiz.de/10013091975

Leadership Challenges at Hewlett-Packard : Through the Looking Glass

Larcker, David F. - 2013

The board of directors has a long list of responsibilities in all areas of governance. However, to many, the fundamental obligations of the board are simple and distill down to two: 1) evaluate and approve the corporate strategy and 2) hire and fire the CEO. The Hewlett-Packard Company has had...

Persistent link: https://www.econbiz.de/10013092308

Ten Myths of 'Say on Pay'

Larcker, David F. - 2014

Say on pay is the practice of granting shareholders the right to vote on a company's executive compensation program at … governance experts. These myths include the beliefs that:1. There is only one approach to “say on pay."2. All shareholders want … awards are not performance-based.7. Discretionary bonuses should not be allowed.8. Shareholders should reject nonstandard …

Persistent link: https://www.econbiz.de/10013065901

Sneak Preview : How ISS Dictates Equity Plan Design

Gow, Ian D. - 2013

over equity plan design? Without transparent disclosure, how can shareholders be sure that ISS's SVT allowable caps are …

Persistent link: https://www.econbiz.de/10013073756

Governance of Corporate Insider Equity Trades

Kepler, John D. - 2020

the company, and routinely have an information advantage over public shareholders. Federal securities laws prohibit …

Persistent link: https://www.econbiz.de/10012842914

Back Door Links between Directors and Executive Compensation

Larcker, David F. - 2009

This paper examines whether links between inside and outside directors have an impact on CEO compensation. Using a comprehensive sample of 22,074 directors for 3,114 firms, we develop a measure of the quot;back doorquot; distance between each pair of directors on a company's board. Specifically,...

Persistent link: https://www.econbiz.de/10012721836

How Important is Corporate Governance?

Larcker, David F. - 2009

We examine the relation between a broad set of corporate governance indicators and various measures of managerial decision making and organizational performance. Using a sample of 2,106 firms, we distill 39 structural measures of corporate governance (e.g., board characteristics, stock...

Persistent link: https://www.econbiz.de/10012721890