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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
We examine the association between societal trust and the levels of CEO compensation and the proportion of equity-based compensation of 1,892 firm-years from 22 countries over the 2007-2013 period. We find both the levels of CEO compensation as well as the proportion of equity-based compensation...
Persistent link: https://www.econbiz.de/10013001613
We examine the association between societal trust and the levels of CEO compensation and the proportion of equity-based compensation of 897 firm-years from 18 countries over the 2007- 2013 period. We find both the levels of CEO compensation as well as the proportion of equity based compensation...
Persistent link: https://www.econbiz.de/10012992285
We analyze the effects of optimism and overconfidence when the manager's compensation package includes severance pay and the CEO has bargaining power. We find that optimism does not affect incentive pay but increases severance pay with a negative effect on profit. Overconfidence, on the...
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In this study, we investigate whether and how trust between board members and the CEO (board–CEO trust) affects the performance of mergers and acquisitions. Contrary to conventional wisdom, we find that firms with higher levels of board–CEO trust exhibit poor M&A performance. High trust is...
Persistent link: https://www.econbiz.de/10014355850
employed as a way of asset appropriation at the managers' discretion. The results also confirm that corporate governance is …
Persistent link: https://www.econbiz.de/10010490450