Narrow search
Showing 1 - 10 of 2,919
Cover Image
Are Dissenting Directors Rewarded?
Marshall, Cassandra D. - 2011
I explore whether directors who resign in dissent from their board are rewarded in the labor market for directors. Using a hand collected sample of 278 boardroom disputes reported in 8-K filings during 1995-2006, I show that firms which have disputes are small, highly levered, have poor...
Persistent link: https://www.econbiz.de/10013133018
Cover Image
Board structure, CEO equity-based compensation, and financial performance : evidence from MENA countries
Aljughaiman, Abdullah A.; Almulhim, Abdulateif A.; Al … - In: International Journal of Financial Studies : open … 12 (2024) 1, pp. 1-17
This paper investigates the association between board of director (BOD) structures and CEO equity-based compensation (long-term incentive) for commercial banks (conventional and Islamic banks) in MENA countries. Specifically, we take board size and board independence to measure the board...
Persistent link: https://www.econbiz.de/10014502318
Cover Image
Boomerang Effect of Incentive and High Remuneration on Independence of Board Members
Radovic, Vuk - 2011
In this article, the author deals with two issues related to the setting of adequate remuneration of independent members of board of directors. The first concerns the justifiability of negotiating variable remuneration, while the other deals with the issue of providing high pay. In both cases,...
Persistent link: https://www.econbiz.de/10013133325
Cover Image
Governance aches and pains : is bad governance chronic?
Larcker, David F.; Tayan, Brian - 2016
Institutional investors pay considerable attention to the quality of a company's governance. Unfortunately, it is difficult for outside observers to reliably gauge governance quality. Oftentimes, poor governance manifests itself only after decisions have been made and their outcomes known. We...
Persistent link: https://www.econbiz.de/10011864693
Cover Image
Board of Director Compensation in China : To Pay or Not to Pay? How Much to Pay?
Chen, Zonghao - 2018
Over the period 2005 through 2015, we find that director compensation in Chinese listed firms is influenced by both director characteristics and ownership structure. We measure director compensation by both the propensity to be paid and the level of compensation. For independent directors, we...
Persistent link: https://www.econbiz.de/10012931880
Cover Image
Board Independence, Monitoring, and CEO Pay Disparity
Yu, Chia-Feng (Jeffrey) - 2017
This paper analyzes how board independence affects a board's monitoring intensity and the CEO pay disparity. We consider a corporate tournament model with a novel feature that the board of directors may lack independence. This has significant implications for a board's monitoring and rewarding...
Persistent link: https://www.econbiz.de/10012972652
Cover Image
Board Independence, CEO Pay, and Camouflaged Compensation
Ruiz-Verdú, Pablo - 2017
We analyze how the reputational concerns of boards influence executive compensation and the use of hidden pay. Independent boards reduce disclosed pay to signal their independence, but are more likely to use inefficient hidden pay than manager-friendly boards. Stronger reputational pressures...
Persistent link: https://www.econbiz.de/10012976117
Cover Image
Board Structure and Executive Pay : Evidence from the UK
Guest, Paul M. - 2012
We examine the impact of board structure on executive pay for 1,880 UK public firms over 1983-2002, using panel data analysis. Firstly, the proportion of non-executive directors tends to decrease the rate of increase in executive pay whilst board size tends to increase it. Secondly, the...
Persistent link: https://www.econbiz.de/10013103145
Cover Image
Ending Executive Manipulations of Incentive Compensation
Avci, Sureyya - 2016
In this article, we analyze whether the manipulation of stock options still continues to this day. Our evidence shows that executives continue to employ a variety of manipulative devices to increase their compensation, including backdating, bullet-dodging, and spring- loading. Overall, we find...
Persistent link: https://www.econbiz.de/10012997720
Cover Image
Executive Compensation in Controlled Companies
Kastiel, Kobi - 2015
paradigm. Controlling shareholders, this Article suggests, may in fact overpay managers in order to maximize controllers …' consumption of private benefits, due to their close social and business ties with professional managers or for other reasons, such … as being captured by professional managers. This tendency to overpay managers is further aggravated by the use of control …
Persistent link: https://www.econbiz.de/10013033141