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experience significantly better innovation outcomes, as measured by patents and future citations. We obtain these results in … CEOs on future innovation: firms whose CEO transitions to be an inventor experience positive abnormal stock returns …
Persistent link: https://www.econbiz.de/10012895725
better innovation outcomes, measured by patents and citations, greater innovation effectiveness, and more diverse and … to identify CEOs who are likely to drive innovation success …
Persistent link: https://www.econbiz.de/10013006115
Whether a manager leads the innovation efforts of a firm in line with shareholder preferences has a substantial impact … general equilibrium model of firm-level innovation with agency frictions and endogenous determination of executive contracts … leads to more incentivized contracts and boosts innovation, with substantial benefits for the shareholders as well as the …
Persistent link: https://www.econbiz.de/10012900610
Understanding CEO compensation plans is a continuing challenge for directors and investors. The disclosure of these plans is dictated by SEC rules that rely heavily on the “fair value” of awards at the time they are granted. The problem with these numbers is that they are static and do not...
Persistent link: https://www.econbiz.de/10011870307
its relation to various aspects of corporate financial policies and corporate innovation, and draw policy implications for … enhancing corporate innovation. First, we discuss how management quality has been measured in the recent empirical literature … investment policies, and on corporate innovation. Third, we consider the recent empirical literature on the relationship between …
Persistent link: https://www.econbiz.de/10011723785
This paper focuses on the effect of relative performance evaluation (RPE) on top managers’ compensation in Chinese … tasks of managers in SOEs. …
Persistent link: https://www.econbiz.de/10011825215
Many observers consider the most important responsibility of the board of directors its responsibility to hire and fire the CEO. To this end, an interesting situation arises when a CEO resigns and the board chooses neither an internal nor external candidate, but a current board member as...
Persistent link: https://www.econbiz.de/10011870297
CEO succession at many companies occurs in a black box. Shareholders are not privy to boardroom discussions prior to the announcement of a CEO departure, and press releases announcing the change contain boilerplate language that does not make it clear whether the CEO stepped down voluntary or...
Persistent link: https://www.econbiz.de/10011870450
Shareholders pay considerable attention to the choice of executive selected as the new CEO whenever a change in leadership takes place. However, without an inside look at the leading candidates to assume the CEO role, it is difficult for shareholders to tell whether the board has made the...
Persistent link: https://www.econbiz.de/10011864957
Departing from previous studies, this paper investigates the impact of corporate board diversity on corporate performance and executive pay within the context of MENA countries. Our sample includes a balanced panel of 600 firm-year observations, consisting of 100 individual firms drawn from 5...
Persistent link: https://www.econbiz.de/10012841977