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Differences in CEO Compensation Under Institutional and Large Shareholder Ownership
Tosun, Onur Kemal - 2019
Using the most recent data available, I examine the influence of large shareholders and institutional investors on …
Persistent link: https://www.econbiz.de/10012900211
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Corporate purpose and firm ownership
Gartenberg, Claudine; Serafeim, George - 2019
Analyzing data from approximately 1.5 million employees across 1,108 established public and private US companies, we find that employee beliefs about their firm's purpose is weaker in public companies. This difference is most pronounced within the salaried middle and hourly ranks, rather than...
Persistent link: https://www.econbiz.de/10012109293
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The Effect of Monitoring on CEO Compensation in a Matching Equilibrium
Chaigneau, Pierre - 2017
We consider a model of CEO selection, dismissal and retention. Firms with larger blockholder ownership monitor more; they get more information about CEO ability, which facilitates the dismissal of low-ability CEOs. These firms are matched with CEOs whose ability is more uncertain. For retention...
Persistent link: https://www.econbiz.de/10012975704
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Ownership Structure, Control Contestability, and Corporate Debt Maturity
Ben‐Nasr, Hamdi - 2015
resources for private benefits at the expense of other shareholders. Such behavior leads the controlling owners to prefer long … minority shareholders over the maturity structure of debt. In this paper, we examine whether the presence of multiple large … shareholders (MLS), beyond the controlling owner, helps to mitigate this conflict. Using a large data set of French publicly traded …
Persistent link: https://www.econbiz.de/10013014423
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Performance benefits of tight control
Gill, Andrej; Visnjic, Nikolai - 2013
This study investigates the transition from being a listed company with a dispersed ownership structure to being a privately held company with a concentrated ownership structure. We consider a sample of private equity backed portfolio companies to evaluate the consequences of the corporate...
Persistent link: https://www.econbiz.de/10010225758
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The effect of corporate taxation and ownership on raising shareholder capital
Krämer, Robert; Lipatov, Vilen - 2013
model with strategic interaction between managers and outside shareholders, we hypothesize that, while an increase in the …
Persistent link: https://www.econbiz.de/10010199748
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Punish one, teach a hundred : the sobering effect of punishment on the unpunished
D'Acunto, Francesco; Weber, Michael; Xie, Jin - 2019
Direct experience of a peer's punishment might make non-punished peers reassess the probability and consequences of facing punishment and hence induce a change in their behavior. We test this mechanism in a setting, China, in which we observe the reactions to the same peer's punishment by listed...
Persistent link: https://www.econbiz.de/10011973941
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Institutional shareholding as a corporate governance mechanism that drives Chief Executive Officer pay
Pucheta-Martínez, María Consuelo; Chiva-Ortells, Carlos - In: Business research quarterly : BRQ 23 (2020) 3, pp. 217-233
We explore the effect of institutional directors on Chief Executive Officer (CEO) pay (total, fixed, and variable compensation). We delve particularly into the impact of pressure-sensitive and pressure-resistant institutional directors, who, respectively, represent institutional investors who...
Persistent link: https://www.econbiz.de/10012297875
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Does bank shareholding affect corporate debt restructuring? : evidence from financially distressed firms in China
Tang, Yicheng; Fang, Hongyan - In: Applied economics 54 (2022) 60, pp. 6919-6937
Persistent link: https://www.econbiz.de/10013494357
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Dividend policy, corporate control and tax clienteles : the case of Germany
Andres, Christian; Betzer, André; Goergen, Marc - 2011
This paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax preference of the controlling shareholder on dividend policy for a panel of 220 German firms over 1984-2005. While the concentration of control does not have an effect on the...
Persistent link: https://www.econbiz.de/10009248245