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This paper investigates the effects of board of director collusion on managerial incentives and firm values. Recent … governance policies, such as managerial pay, and curbing competition. We study a model where managers can exert unobservable cost …-cutting effort and investigate the consequences of and the incentives for coordinating managerial pay among corporate boards. …
Persistent link: https://www.econbiz.de/10011734901
and bondholder-aligned CEO compensation components, particularly when CEOs have greater incentives to take and shift risk …
Persistent link: https://www.econbiz.de/10012849311
Understanding CEO compensation plans is a continuing challenge for directors and investors. The disclosure of these plans is dictated by SEC rules that rely heavily on the “fair value” of awards at the time they are granted. The problem with these numbers is that they are static and do not...
Persistent link: https://www.econbiz.de/10011870307
This paper focuses on the effect of relative performance evaluation (RPE) on top managers’ compensation in Chinese … non-SOEs than in SOEs. This may be due to the regulation of compensation, various forms of incentives and the multiple … tasks of managers in SOEs. …
Persistent link: https://www.econbiz.de/10011825215
CEOs of public (listed) firms earn more than their counterparts in similar private (unlisted) firms. This can either be because rent extraction is easier in public firms than in private firms, or because managing a public firm involves more legal and institutional responsibilities than managing...
Persistent link: https://www.econbiz.de/10012849653
Using five empirical methodologies to account for endogeneity issues, this study investigates the effects of board independence and managerial pay on the performance of 169 Saudi listed firms between 2007 and the end of 2014. Studying board independence and managerial pay utilises the main...
Persistent link: https://www.econbiz.de/10013227123
) plans. Plans including accounting-based performance metrics and/or cash payouts have weaker risk-related incentives. The …
Persistent link: https://www.econbiz.de/10011968863
Persistent link: https://www.econbiz.de/10011337790
Persistent link: https://www.econbiz.de/10011636988
Divergent views exist about whether boards must tradeoff advising for monitoring performance when utilizing outside versus inside directors. We suggest a dichotomous tradeoff focus underestimates outside directors' impact on board performance. We find outside director tenure positively...
Persistent link: https://www.econbiz.de/10013057934