Narrow search
Showing 1 - 10 of 625
Cover Image
New Boss Same as the Old Boss : A Look at the GM/UAW VEBA Post-IPO
Diamond, Stephen F. - 2010
General Motor's ability to exit bankruptcy through a public offering of its common stock (IPO) depended heavily on the sacrifices of active and retired members of the United Auto Workers (UAW). A review of the now public filings of GM related to the IPO indicate the significant concessions UAW...
Persistent link: https://www.econbiz.de/10013135814
Cover Image
Top Management Resignation and Firms' Subsequent Bankruptcy
Beams, Joseph - 2011
the full disclosure principle are not being met. Requiring more timely and forthcoming disclosures about executive …
Persistent link: https://www.econbiz.de/10013117862
Cover Image
Board Composition, Grey Directors and Corporate Failure in the UK
Hsu, Hwa-Hsien - 2014
This study examines the effect of board composition on the likelihood of corporate failure in the UK. We consider both independent and non-independent (grey) non-executive directors (NEDs) to enhance our understanding of the impact of NEDs' personal or economic ties with the firm and its...
Persistent link: https://www.econbiz.de/10013070406
Cover Image
The Long Shadow beyond Lockdown : Board Chairs’ Professional Epidemic Experience and Corporate Investment
He, Shan - 2020
Based on the evidence after the outbreak of SARS in 2003, which is caused by the same family of viruses as COVID-19, we show that due to the “probability weighting” phenomenon, i.e., decision makers tend to overweight the probability of extreme tail events, the epidemic experience induces...
Persistent link: https://www.econbiz.de/10012827060
Cover Image
Shareholder Incentive Alignment and CEO Turnover : The Case of Split-Share Structure Reforms in China
Usman, Muhammad - 2015
In this study we analyze the effect of split-share structure reforms on CEO turnover and performance relationship in Chinese listed firms. We use special dataset that manually categorizes a large number of CEO turnover events as either forced or non-forced. By employing logit regression and...
Persistent link: https://www.econbiz.de/10013010860
Cover Image
The structure of banker's pay
Bennett, Benjamin; Gopalan, Radhakrishnan; Vorkink, Keith; … - 2016
While executive compensation is often blamed for the excessive risk taking by banks, little is known about the operating performance incentives used in the finance industry both prior to and subsequent to the recent crisis. We provide a comprehensive analysis of incentive design -- the link of...
Persistent link: https://www.econbiz.de/10011962226
Cover Image
The Retention Consequences of Caps on Executive Compensation During Financial Crises
DeVaro, Jed; Fung, Scott - 2023
We develop a model in which firms in financial distress design executive compensation contracts, hire and fire executives, and accept or reject government bailout funds that (if accepted) constrain the design of future compensation contracts. Using data from COMPUSTAT and ExecuComp (1992-2007)...
Persistent link: https://www.econbiz.de/10014257535
Cover Image
An econometric analysis of financial distress determinants from an emerging economy governance perspective
Sewpersadh, Navitha Singh - In: Cogent economics & finance 10 (2022) 1, pp. 1-36
During times of distress, companies are compelled to reassess operational policies and reengineer strategic formulations to discern value maximising uses for limited resources. The executive’s agility to react to financial distress determines the probability of bankruptcy. Proper governance...
Persistent link: https://www.econbiz.de/10013463130
Cover Image
The role of institutions in the migration of corporate governance practice into emerging economies : the case of Africa
Hearn, Bruce; Oxelheim, Lars; Randøy, Trond - 2016
disclosure - a central element of corporate transparency. Our findings reveal that the adoption of CEO salary disclosure by firms … is more likely in more homogenous informal institutional contexts. Complementarities arising from disclosure originating … law infer disclosure is more likely than in contrasting civil code law contexts. Finally, firms with higher proportions of …
Persistent link: https://www.econbiz.de/10011496878
Cover Image
Chapter 4. Executive Compensation: Where We Are, and How We Got There
Murphy, Kevin J. - 2013
-power rationales for pay, while ignoring or downplaying the causes and consequences of disclosure requirements, tax policies …
Persistent link: https://www.econbiz.de/10014025560