Similar Search Results

The impact of board internationalization on earnings management

Hooghiemstra, Reggy; Hermes, Niels; Oxelheim, Lars; … - 2015

Prior literature shows that choices regarding board composition are associated with earnings management. We add to this literature by examining the effects of the presence of a foreign board member on earnings management. Using a sample of 3,249 firm-year observations representing 586...

Persistent link: https://www.econbiz.de/10011418688

The impact of relative CEO pay on employee productivity

Afzali, Aaron; Oxelheim, Lars; Randøy, Trond; Vieito, … - 2023

In this study, we examine the relationship between within-firm pay inequality and employee productivity. We use hand-collected data on a sample of S&P 1500 companies from 2018-2022 and find a concave relationship between the relative CEO pay and employee productivity. Consistent with tournament...

Persistent link: https://www.econbiz.de/10014251441

Globalization of corporate governence : the American influence on dismissal performance sensitivity of European CEOs

Jungeilges, Jochen A.; Oxelheim, Lars; Randøy, Trond - 2010

as a result of this globalization. We focus on direct and indirect American influence on the dismissal performance … performance sensitivity. The empirical results show a significant increase in the dismissal sensitivity in poorly performing … dismissal ; performance sensitivity ; globalization ; corporate governance ; foreign board membership ; institutional contagion …

Persistent link: https://www.econbiz.de/10003932526

How to avoid compensating CEO for luck : the case of microeconomic fluctuations

Oxelheim, Lars; Wihlborg, Clas; Zhang, Jianhua - 2010

Incentive effects of performance-based compensation schemes for management may be weakened or biased by macroeconomic …. -- Executive compensation ; salary bonus ; option ; pension ; macroeconomic factors ; performance ; luck …

Persistent link: https://www.econbiz.de/10003976019

Executive compensation and macroeconomic fluctuations

Oxelheim, Lars (contributor); Wihlborg, Clas (contributor); … - 2008

Macroeconomic fluctuations affect corporations’ performance through demand and cost conditions. Incentive effects of … performance-based compensation schemes for management may be weakened or biased by macroeconomic influences if management is … macroeconomic fluctuations. The macroeconomic influences on performance and compensation can be expected to vary from firm to firm …

Persistent link: https://www.econbiz.de/10003691579

Globalization of monitoring practices : the case of American influences on the dismissal risk of European CEOs

Oxelheim, Lars; Randøy, Trond - 2013

the American corporate governance system increase the dismissal performance sensitivity faced by European CEOs, indirectly … firms hiring U.S. independent board members. Both influences are expected to result in increased dismissal performance … practice. However, no significant increase in dismissal performance sensitivity was identified from U.S. cross-listing. In line …

Persistent link: https://www.econbiz.de/10009721271

Changing the corporate elite? : not so easy ; female directors' appointments onto corporate boards

Gregorič, Aleksandra; Oxelheim, Lars; Randøy, Trond; … - 2013

Scholars have previously investigated country and organizational-level factors associated with the incidence of female directors on boards. These studies, however, cannot explain why, in countries with strong gender equality and pressure for female directorships, firms are still hesitant to...

Persistent link: https://www.econbiz.de/10010206901

On the role of internationalization of firm-level corporate governance - the case of audit committees

Afzali, Haroon; Martikainen, Minna; Oxelheim, Lars; … - 2020

Motivated by agency theory and arguments from linguistic studies, we argue in this paper the internationalization of a firm's audit committee to be associated with weaker firm-level corporate governance. Based on 2,015 publicly traded European firms from 16 countries over 2000-2018, we find the...

Persistent link: https://www.econbiz.de/10012319268