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We examine chief executive officer (CEO) career and compensation changes for large firms filing for Chapter 11. One-third of the incumbent CEOs maintain executive employment, and these CEOs experience a median compensation change of zero. However, incumbent CEOs leaving the executive labor...
Persistent link: https://www.econbiz.de/10009625392
-physician managers. The paper finds a strong positive association between the ranked quality of a hospital and whether the CEO is a … managers, but it is consistent with such claims and suggests that this area is now an important one for systematic future … research. -- organizational performance ; expert leaders ; hospitals ; physicians ; professional managers …
Persistent link: https://www.econbiz.de/10009310061
When there is uncertainty about a CEO's quality, news about the firm causes rational investors to update their expectation of the firm's value for two reasons: Updates occur because of the direct effect of the news, and also because news leads investors to update their assessment of the CEO's...
Persistent link: https://www.econbiz.de/10009724571
We examine the spillover effect of the Public Company Accounting Oversight Board (PCAOB) international inspection program on improving the contracting role of accounting numbers in executive compensations in an international setting. For a sample of non-U.S.-listed foreign public firms with...
Persistent link: https://www.econbiz.de/10014348618
Different U.S. state governments have begun to adopt climate adaptation strategies and action plans to prepare for and combat the significant threat of climate change. The finalization of these strategies and action plans results in a state-level climate adaptation plan—the SCAP. We find that...
Persistent link: https://www.econbiz.de/10014355532
incentives of US managers to adopt riskier business policies. Specifically, based on the agency problems between shareholders and … managers and between shareholders and creditors, a research framework is developed to identify the influence of low interest … rates on managers’ risk-taking incentives proxied by the sensitivity of executive compensation to stock return volatility …
Persistent link: https://www.econbiz.de/10012694415
of firms' managers in the US in recent years and how the monitoring of institutional ownership influences these relations …. Specifically, based on the agency problem between managers and creditors, a research framework is developed that incorporates … different macroeconomic conditions to identify their influence on managers' risk incentives. More than 11,000 industrial firms …
Persistent link: https://www.econbiz.de/10012893070
The increased importance of national and IT security for the United States, specifically after the events of September 11, 2001, resulted in the Federal Information of Security Management Act (FISMA, Public Law 107347, Title III) being passed by the Congress in 2002. FISMA requires agency's CIO...
Persistent link: https://www.econbiz.de/10012896225