Showing 1 - 10 of 15
Persistent link: https://www.econbiz.de/10011375831
How to address managerial short-termism has been an important issue for companies, regulators, and researchers. In this paper we examine the impact of CEO contractual protection, in the form of employment agreements and severance pay agreements, on managerial short-termism. We find that firms...
Persistent link: https://www.econbiz.de/10013065519
The function of independent directors has been extensively documented, but the general question of how they are appointed remains insufficiently explored. We find that the likelihood of the appointment of candidates is higher when those candidates are professionally affiliated with departing...
Persistent link: https://www.econbiz.de/10012889507
Persistent link: https://www.econbiz.de/10013252930
Persistent link: https://www.econbiz.de/10012496017
CEO contractual protection, in forms of CEO employment agreements and CEO severance pay agreements, is prevalent among S&P 1500 firms. While prior research has examined the impact of these agreements on corporate decisions from shareholders’ perspective, there is little research on the impact...
Persistent link: https://www.econbiz.de/10014235938
Top executives of the parent company often take positions as the directors and officers (D&Os) of subsidiaries. These parent-subsidiary common D&Os have better access to subsidiary information and can exert more influence over subsidiary operations. Therefore they can better identify tax...
Persistent link: https://www.econbiz.de/10014239391
Persistent link: https://www.econbiz.de/10013347589
Persistent link: https://www.econbiz.de/10013331142
Persistent link: https://www.econbiz.de/10014284653