This paper investigates the association between executive compensation and performance. It uniquely utilizes a comprehensive set of corporate governance mechanisms within a three-stage least squares (3SLS) simultaneous equation framework. Results based on estimating a conventional single...

This study aimed to establish the nexus between CEO power and bank risk. Previous studies on how CEO power affects risk-taking have produced mixed results. Some studies show that CEO power reduces risk, while others show the reverse. This lack of conclusive findings motivated this study. This...

This article examines how internationalization affects Indonesian family firm performance, with CEO demographics as moderators. We use least-squares regression using 1,097 observations of family firms listed in Indonesia from all industries except the financial sector from 2015 to 2021. The...

Agency conflicts arising from asymmetric information between insiders and outsiders affect company investment decisions in imperfect capital markets. This study examines the influence of managerial shareholding and financial constraints on investment choices. Utilizing panel data from 60...

Institutional common ownership of firm pairs in the same industry increases the likelihood of a preexisting social connection among their CEOs. We establish this relationship using a quasi-natural experiment that exploits institutional mergers combined with firms’ hiring events and detailed...