Showing 1 - 10 of 1,924
This study examines the relationship between corporate managers' political ideology and corporate leverage policies conditional on investor sentiment. Based on a minimum of 21,884 observations over the 1992-2008 period, the authors show that Republican managers significantly reduce leverage...
Persistent link: https://www.econbiz.de/10013252787
We study the effects of corruption on firm efficiency using a unique dataset of private firms from 14 Central and Eastern European countries from 2000 to 2013. We find that an environment characterized by a high level of corruption has an adverse effect on firm efficiency. This effect is...
Persistent link: https://www.econbiz.de/10012950337
in the context of an emerging market economy like India during the period characterized by exogenous changes in corporate … governance regime in the country. Using a sample of NSE listed firms in India; I construct board network measures applying …
Persistent link: https://www.econbiz.de/10013063507
Macroeconomic fluctuations such as interest rate and exchange rate can be considered sources of good or bad “luck” for corporate performance. Incentive effects of performance-based compensation for management may be weakened or biased by macroeconomic influences depending on the ability of...
Persistent link: https://www.econbiz.de/10013094390
If managers are risk-averse and compensation schemes are not directly linked to shareholder wealth, incentives to allocate effort to manage effects of relative and macroeconomic shocks may be distorted. In this paper we develop a simple model to identify factors that determine the optimal...
Persistent link: https://www.econbiz.de/10013014268
In this paper we examine the role of the CFO in setting risk management strategy with respect to macroeconomic risk, in particular, and we consider the information requirements for setting a strategy that is consistent with corporate objectives. We argue that macroeconomic risk management...
Persistent link: https://www.econbiz.de/10013094394
Aim/purpose - Higher compensation and increased share ownership are believed to drive fewer earnings management. Therefore, the study examines the moderating impact of share ownership on the relationship between executive compensation and earnings management of listed Deposit Money Banks in...
Persistent link: https://www.econbiz.de/10014325176
We study the association between chief financial officer (CFO), compared to chief executive officer (CEO), outside board directorships and their home firm strategic investments, capital management, and overall performance. Using a sample of firms from 2003-2014, we find only about nine percent...
Persistent link: https://www.econbiz.de/10013251642
Persistent link: https://www.econbiz.de/10012124722
Persistent link: https://www.econbiz.de/10012660280