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We examine whether CEO extraversion, an important personality trait associated with leadership, affects firms' expected cost of equity capital. We measure CEO extraversion using CEOs' speech patterns during the unscripted portion of conference calls. After controlling for several CEO and firm...
Persistent link: https://www.econbiz.de/10012849652
Persistent link: https://www.econbiz.de/10012206487
the perspective of managerial performance and financial performance. Design/methodology/approach: The method used in this … study is comparative analysis where managerial performance is measured using the KPKU score and financial performance is … while from a financial performance perspective, the performance of Indonesian SOEs showed a decline. This is because the …
Persistent link: https://www.econbiz.de/10014372631
In the wake of the recent financial crisis, US executive compensation has, once again, come under fire from regulators …, politicians, the financial press, the general public, and some academics. Although the critiques are varied, many identify the …
Persistent link: https://www.econbiz.de/10013133952
This paper uses a novel empirical setting to explore the association between a firm's operational risk, managerial monitoring costs, and how managers are compensated. We investigate a sample of supplier firms that rely on a few large customers for the bulk of their revenues. We predict that...
Persistent link: https://www.econbiz.de/10013139122
We examine the relative accuracy of management and analyst forecasts of annual EPS. We predict and find that analysts …' information advantage resides at the macroeconomic level. They provide more accurate earnings forecasts than management when a … predict and find that management's information advantage resides at the firm level. Their forecasts are more accurate than …
Persistent link: https://www.econbiz.de/10013107227
This paper provides new empirical insights on the association between a firm's operating structure and the level of CEO equity incentives. We investigate a sample of supplier firms that rely on a few large customers for a significant fraction of their revenues. We predict that suppliers with a...
Persistent link: https://www.econbiz.de/10013067290
We analyze CEO pay and equity holdings for the S&P 1,500 and broad industry classes. Between 1994 and 2000 real annual compensation doubled, and there was a dramatic shift from salary to option grants. The value and proportion of CEO equity holdings and the price-performance-sensitivity of their...
Persistent link: https://www.econbiz.de/10013154666
This paper investigates the effects of managerial mergers and acquisitions related investment strategies on the exit …
Persistent link: https://www.econbiz.de/10012905114
higher CEO dominance, lower litigation risk and higher financial constraints. However, higher institutional ownership is not …
Persistent link: https://www.econbiz.de/10012895357