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Executive compensation in the U.S. banking industry has been criticized as a root cause of the recent financial crisis. This study examines the relationship between executive compensation, ownership structure, and firm performance for Chinese financial corporations during 2001-2009. The results...
Persistent link: https://www.econbiz.de/10013114386
managers and thus possibly making China's listed firms less effective in solving the agency problem. As such, ownership …
Persistent link: https://www.econbiz.de/10003225948
We examine the impact of bank mergers on chief executive officer (CEO) compensation during 1992–2014, a period characterised by significant banking consolidation. We show that CEO compensation is positively related to both merger growth and non-merger internal growth, with the former relation...
Persistent link: https://www.econbiz.de/10012967393
This study examines the collective impact of expert boards and CEOs on acquisition performance, providing new insight into the CEO-board relationship. Acquiring firms with expert boards earn an additional 1.16 percentage points when their CEOs are new to the target industry compared to firms...
Persistent link: https://www.econbiz.de/10012871246
Departing from previous studies, this paper investigates the impact of corporate board diversity on corporate performance and executive pay within the context of MENA countries. Our sample includes a balanced panel of 600 firm-year observations, consisting of 100 individual firms drawn from 5...
Persistent link: https://www.econbiz.de/10012841977
This study investigates market reactions to announcements of CEO turnover and finds that forced turnovers are not accompanied by positive returns, which contradicts the broad view that firing a CEO sends a positive signal to the market. This contradiction is further explored by focusing on the...
Persistent link: https://www.econbiz.de/10012587940
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In this study, we explore managerial compensation contracts in Japan, based on financial reporting comparability as a … basic peer firms’ setting. Although listed companies in Japan are required to disclose their managerial compensation … peer compensation is adopted as a benchmark for managerial compensation contracts in Japan. Our results propose that …
Persistent link: https://www.econbiz.de/10014351318