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This study examines gender differences in risk-taking behavior among managers in a female-dominated industry. Using … data from international top-level women's soccer, we provide evidence that male coaches show a lower level of risk … previous studies on gender differences in risk preferences, and thereby emphasize the importance of considering the industrial …
Persistent link: https://www.econbiz.de/10012130097
This study examines whether bank risk is a factor influenced by chief executive officer (CEO) power and equity … founder. We find that firm specific risk is decreasing with CEO power and equity incentives in the form of CEO equity … benefit in reducing risk. Further, when their personal wealth is more tied to firm value, they are less likely to take on high …
Persistent link: https://www.econbiz.de/10013121535
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We study relative performance evaluation in executive compensation when executives have private information about their ability. We assume that the joint distribution of an individual firm's profit and market movements depends on the ability of the executive that runs the firm. In the...
Persistent link: https://www.econbiz.de/10014029114
The board of director has a responsibility to investigate credible allegations that management has engaged in activity that is not in the interest of the company or its shareholders. In the case of illegal activity, the appropriate response is likely to be very clear. Less obvious are the...
Persistent link: https://www.econbiz.de/10011864730
One of the most controversial issues in corporate governance is whether the CEO of a corporation should also serve as chairman of the board. In theory, an independent board chair improves the ability of the board to oversee management. However, an independent chairman is not unambiguously...
Persistent link: https://www.econbiz.de/10011864829
Corporate governance studies typically assume that the CEO is the main locus of business power. However, when the CEO and Chairman positions are split, the de facto role of corporate leader may reside in the hands of a person who usually chairs the board but does not necessarily hold the CEO...
Persistent link: https://www.econbiz.de/10014180667
In this paper, we present a literature review and classification scheme for investment cash flow sensitivity under behavioral corporate finance. The former consists of all published articles between 2000 and 2011 in different journals that are appropriate outlets for BCF research. The articles...
Persistent link: https://www.econbiz.de/10013084296
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