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Resources or Power? Implications of Social Networks on Compensation and Firm Performance

Horton, Joanne - 2013

Using a sample of 4,278 listed UK firms, we construct a social network of directorship-interlocks that comprises 31,495 directors. We use social capital theory and techniques developed in social network analysis to measure a director's connectedness and investigate whether this connectedness is...

Persistent link: https://www.econbiz.de/10013095860

Market competition or family ties : which prevails on Italian CEOs pay?

Graziano, Clara; Rondi, Laura - 2015 - This draft: June 8, 2015

The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed firms from 2000 to 2011 and tests the impact of the 2007-08 financial crisis on pay-performance sensitivity. We argue that important differences both in the level of compensation...

Persistent link: https://www.econbiz.de/10011280832

Earnings Management around Founder CEO Re-appointments and Successions in Family Firms

Goergen, Marc - 2019

This paper studies CEO re-appointment and succession events in listed family firms with an incumbent family CEO in France, Germany and the UK over 2001-2016. The paper explores whether family firms with a founder CEO are more likely to engage in earnings management pre-event than other family...

Persistent link: https://www.econbiz.de/10012865105

Exploring the Moderating Effect of Family CEO on the Association between Family Ownership and Firm Value : An Empirical Analysis of Top Indian Family Firms

Kalyanaraman, Lakshmi - 2015

We study 288 family firms included in the NSE CNX 500 index of the National Stock Exchange of India. We find an entrenchment-alignment-entrenchment relationship between family ownership and firm value. We show that family CEO has a negative moderating effect on the relationship between family...

Persistent link: https://www.econbiz.de/10013026951

CEO Compensation and Performance in Family Firms

Barontini, Roberto - 2010

shareholders, instead of between shareholders and managers. The higher compensation granted to the CEO could be interpreted as the …

Persistent link: https://www.econbiz.de/10013147510

Is board-tie among rivals harmful to customers? : evidence from banks' project-financing consortium

Lee, Steve Kyungjae; Lee, Sunki - In: South African journal of business management 54 (2023) 1, pp. 1-11

Purpose: Are board ties among competitors harmful to customers? The prevalent assumption on board ties among competitors is that they harm customer benefits. This study examines the mechanism by which board ties with competitors result in an outcome conducive to customers....

Persistent link: https://www.econbiz.de/10014234822

Firm performance and family related directors : empirical evidence from an emerging market

Hafezali Iqbal Hussain; Azlan Ali; Hassanudin Mohd Thas … - In: Contemporary economics 13 (2019) 2, pp. 187-204

Board composition is central to the worldwide corporate governance reforms that have taken place in recent years. The strong emphasis on director independence and board leadership is now part of all corporate governance regimes, including the regimes which has been introduced in Malaysia. It is...

Persistent link: https://www.econbiz.de/10012176407

Do Family Successions (Really) Reduce Firm Performance? Evidence from Large US Firms

Jagannathan, Murali; Myers, Brett W.; Niu, Xu - 2021

This paper examines whether founder family successions lower performance in large US firms. We find no significant decreases in either accounting performance or firm value, and instead find evidence that both are improved. Consistent with this, we present evidence that family successions are...

Persistent link: https://www.econbiz.de/10013223456

Competing with superstars

Ammann, Manuel; Horsch, Philipp; Oesch, David - 2015

This paper investigates the effect of superstar CEOs on their competitors. Exploiting shocks to CEO status due to prestigious media awards, we document a significant positive stock market performance of competitors of superstar CEOs subsequent to the award. The effect is more pronounced for...

Persistent link: https://www.econbiz.de/10011344197

Seeking Alpha : Excess Risk Taking and Competition for Managerial Talent

Acharya, Viral V. - 2018

We present a model where firms compete for scarce managerial talent ("alpha") and managers are risk-averse. When … managers cannot move across firms after being hired, employers learn about their talent, allocate them efficiently to projects … and provide insurance to low-quality managers. When instead managers can move across firms, firm-level coinsurance is no …

Persistent link: https://www.econbiz.de/10012940502

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