Scholars have previously investigated country and organizational-level factors associated with the incidence of female directors on boards. These studies, however, cannot explain why, in countries with strong gender equality and pressure for female directorships, firms are still hesitant to...

Scholars have previously investigated country and organizational-level factors associated with the incidence of female directors on boards. These studies, however, cannot explain why, in countries with strong gender equality and pressure for female directorships, firms are still hesitant to...

This paper argues that a location or firm-based understanding is inadequate to conceptualize the process of internationalisation. The main argument is that elite ties and political space exert significant influence over corporate activity within and beyond national context. The empirical...

We provide evidence that CEO equity incentives, especially stock options, influence stock liquidity risk via information disclosure quality. We document a negative association between CEO options and the quality of future managerial disclosure policy. Contributing to the literature on CEO...

Influenced by their compensation plans, CEOs make their own luck through decisions that affect future firm risk. After adopting a relative performance evaluation (RPE) plan, total and idiosyncratic risk are higher, and the correlation between firm and industry performance is lower. The opposite...

This paper analyses the impact of CEO relative compensation on takeover premiums and bidder performance. Based on a sample of takeover deals between Australian listed targets and bidders from 2000 to 2015, we find that there is insignificant difference between bid premiums offered by CEOs who...

Using data over a ten-year period from the Finnish tourism sector comprising more than 15 000 firm-year observations, as well as various models, this paper studies whether firms with a female CEO (Chief Executive Officer) hold a larger level of cash than those with a male CEO. The study controls...

This paper explores whether a CEO's marital status reveals unobservable risk preferences which influence their firm's investment and compensation policies. Using biographical data for CEOs of large domestic companies, we find that corporate deal-making activity (e.g., mergers, joint ventures,...

We investigate the influence of managerial preferences proxied by national culture on takeover performance in a cross-disciplinary international study. To this end, we rely on the cultural dimensions according to Hofstede et al. (2010). Some managerial preferences are related to certain cultural...

Many scholars have been quick to criticize the merits of CEO duality, a situation where a company's Chief Executive Officer is also the Chairman of the Board, by claiming that CEO duality undermines the board's ability to effectively monitor and constrain self-interested CEOs. These criticisms...