This article examines whether companies experience a stock price decline for the corporate misconduct of their CEOs and top managers. We examine news announcements of illegal insider trading reported in US press during the period 1993 until 2008. We observe a clear negative abnormal return on...

Wissen über wissenschaftliche und wirtschaftliche Sachverhalte ist auch medial vermittelt. Nur die wenigsten Menschen haben persönliche Kontakte mit Personen, die in Spitzenpositionen von Wissenschafts- oder Wirtschaftsorganisationen tätig sind. Für große Teile der Öffentlichkeit entsteht...

Prior research indicates that CEO media visibility significantly impacts firm value and CEO career outcomes. We investigate whether and how CEOs strategically use disclosures to influence media coverage of themselves. We develop a measure of “CEO promotion” based on the CEO's presence in...

We investigate the association between the media coverage of firms' CEO pay packages and subsequent shareholder voting on say-on-pay resolutions, and find that negative media coverage is able to predict shareholder discontent over say on pay. When we divide media coverage into coverage in the...