Showing 1 - 10 of 1,992
Persistent link: https://www.econbiz.de/10012249780
for making 'honest mistakes.' Following forced CEO turnover, companies see performance improvements and their investors …
Persistent link: https://www.econbiz.de/10010272503
Based on a two-million-observation panel dataset that matches public firms with detailed data on their employees, we … governance of large public firms and labor market outcomes. …
Persistent link: https://www.econbiz.de/10010320116
that their investors are considerably more likely to eventually sell them at a profit. -- Corporate governance ; large …
Persistent link: https://www.econbiz.de/10003916269
for making ‘honest mistakes.’ Following forced CEO turnover, companies see performance improvements and their investors …
Persistent link: https://www.econbiz.de/10008702077
sacrificing premiums. Better corporate governance is associated with more acquisitions of firms led by young CEOs, and with a …
Persistent link: https://www.econbiz.de/10009504779
firm profitability and higher M&A announcement returns. Our identification strategy includes CEO-firm fixed effects …
Persistent link: https://www.econbiz.de/10011392655
We provide evidence for a positive impact of CEO fitness on firm value (Tobin's Q). For each of the years 2001 to 2011, we define S&P 1500 CEOs as fit if they finish a marathon. Fit CEOs are associated with higher firm profitability and M&A announcement returns. Effects on firm value are...
Persistent link: https://www.econbiz.de/10010517150
Uncertainty about management appears to affect firms' cost of borrowing and financial policies. In a sample of S&P 1500 … firms between 1987 and 2010, CDS spreads, loan spreads and bond yield spreads all decline over the first three years of CEO … uncertainty about management. Firms adjust their propensities to issue external debt, precautionary cash holding, and reliance on …
Persistent link: https://www.econbiz.de/10010532197
firms from 2000 to 2011 and tests the impact of the 2007-08 financial crisis on pay-performance sensitivity. We argue that …
Persistent link: https://www.econbiz.de/10011280832