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Do Investors See Value in Ethically Sound CEO Apologies? Investigating Stock Market Reaction to CEO Apologies

Koehn, Daryl; Goranova, Maria L. - 2017

Since the late 1990s, the number of apologies being offered by CEOs of large companies has exploded. Communication and management scholars have analyzed whether and why some of these apologies are more effective or more ethical than others. Most of these analyses, however, have remained at the...

Persistent link: https://www.econbiz.de/10014121225

Corporate governance

Lehmann, Erik - 2018 - Version , November 19th 2018

Corporate governance is a recent concept that encompasses the costs caused by managerial misbehavior. Corporate governance is concerned with how organizations in general, and corporations in particular, produce value and how that value is distributed among the members of the corporation, its...

Persistent link: https://www.econbiz.de/10011928257

Learning, termination, and payout policy in dynamic incentive contracts

DeMarzo, Peter M.; Sannikov, Yuliy - 2016

We study a principal-agent setting in which both sides learn about future profitability from output, and the project can be abandoned/terminated if profitability is too low. With learning, shirking by the agent both reduces output and lowers the principal's estimate of future profitability. The...

Persistent link: https://www.econbiz.de/10011864825

Voting with Their Feet or Activism? Institutional Investors’ Impact on CEO Turnover

Helwege, Jean - 2020

We examine the relation between institutional investors and management discipline over the last several decades to better understand how CEO turnover has increased. Using a sample of forced and voluntary turnovers, we investigate the changing roles of activism and exit among institutional...

Persistent link: https://www.econbiz.de/10012857602

Female Board Leadership, Firm Performance, and Corporate Governance : Evidence from China

Jiang, Fuxiu - 2019

Using a large sample of Chinese firms, we examine performance differences between firms with female and male chairs and the channels through which such differences arise. After controlling for the presence of female CEOs and non-chair female directors, we find that chairwoman firms perform...

Persistent link: https://www.econbiz.de/10012897552

Bank Monitoring and CEO Risk-Taking Incentives

Saunders, Anthony - 2017

This paper investigates whether monitoring by bank lenders affects CEO incentives of borrowing firms. We find that an increase in bank monitoring incentives significantly reduce the sensitivity of CEO wealth to stock return volatility (Vega). The results are more profound when bank lenders are...

Persistent link: https://www.econbiz.de/10012972638

Mutual Fund Performance, Management Teams, and Boards

Adams, John C. - 2016

The recent surge in the use of team-managed funds in the mutual fund industry suggests that the benefits of team management might outweigh its costs. However, extant empirical evidence is not consistent with the view that team managed funds generate superior returns relative to individual...

Persistent link: https://www.econbiz.de/10013007572

Executive Remuneration. A Comparative Overview

Ferrarini, Guido - 2014

of regulation in this area is on the rise, particularly after the recent financial crisis, and the standards as to pay … target of post-crisis reforms, firstly at international level and secondly in the US and the EU, where the FSB principles …

Persistent link: https://www.econbiz.de/10013045689

Bank CEO Optimism and the Financial Crisis

Ma, Yueran - 2015

I test theories of the recent financial crisis by studying how banks' pre-crisis investments connect to their CEOs …' beliefs. Using different proxies for beliefs, I find banks with larger housing investments and worse crisis performance had … estate loan growth, and 15 percentage points lower crisis period stock returns. Bank decisions appear consistent with CEO …

Persistent link: https://www.econbiz.de/10013034225

Déjà Vu : The Effect of Executives and Directors With Prior Banking Crisis Experience on Bank Outcomes Around the Global Financial Crisis

Ahmed, Anwer S. - 2020

We investigate the effect of executives and directors with prior banking crisis experience on bank outcomes around the … global financial crisis (GFC). Executives and directors with previous experience leading banks through a bank crisis may have … directors who previously served as bank executives or directors during the 1980s/1990s banking crisis (80s/90s crisis). Overall …

Persistent link: https://www.econbiz.de/10012852192

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