Similar Search Results

CEO Tournaments : A Cross-Country Analysis of Causes, Cultural Influences and Consequences

Burns, Natasha - 2016

Using a cross-country sample, we examine the CEO tournament structure (measured alternatively as the ratio and the difference of pay between the CEO and other top executives within a firm). We find the tournament structure to vary systematically with firm and country cultural characteristics. In...

Persistent link: https://www.econbiz.de/10013008280

CEO Tournaments : A Cross-Country Analysis of Causes, Cultural Influences and Consequences

Burns, Natasha - 2015

Persistent link: https://www.econbiz.de/10013035620

How Much do Firms Pay as Bribes and What Benefits do They Get? Evidence from Corruption Cases Worldwide

Cheung, Stephen Yan-Leung - 2012

We analyze a hand-collected sample of 166 prominent bribery cases, involving 107 publicly listed firms from 20 stock markets that have been reported to have bribed government officials in 52 countries worldwide during 1971-2007. We focus on the initial date of award of the contract for which the...

Persistent link: https://www.econbiz.de/10013115172

The Effect of Accounting Conservatism on Corporate Investment during the Global Financial Crisis

Balakrishnan, Karthik - 2016

This paper examines the effect of accounting conservatism on firm-level investment during the 2007-2008 global financial crisis. Using a differences-in-differences design, we find that firms with less conservative financial reporting experienced a sharper decline in investment activity following...

Persistent link: https://www.econbiz.de/10012987650

Say on Pay Laws, Executive Compensation, Pay Slice, and Firm Value around the World

Correa, Ricardo - 2014

Using a sample of about 90,000 observations from 38 countries over the 2001-2012 period, we provide three novel findings regarding say on pay (SoP) laws. First, we find robust evidence that SoP laws reduce CEO pay growth rates at firms. Second, such laws decrease the portion of total top...

Persistent link: https://www.econbiz.de/10013062816

Say on Pay Laws, Executive Compensation, Pay Slice, and Firm Valuation around the World

Correa, Ricardo - 2016

Using a large sample of firms from 38 countries over the 2001-2012 period, we find evidence that following say on pay (SoP) laws, CEO pay growth rates decline and the sensitivity of CEO pay to firm performance improves. These changes are mostly concentrated on firms with high excess pay and...

Persistent link: https://www.econbiz.de/10013006494

Firm climate change risk and financial flexibility : drivers of ESG performance and firm value

Naseer, Mirza Muhammad; Khan, Muhammad Asif; Bagh, Tanveer - In: Borsa Istanbul Review 24 (2024) 1, pp. 106-117

This study investigates how a firm's climate change risk (FCCR) and financial flexibility (FIFL) affect its value and environmental, social, and governance (ESG) performance. We use data from publicly listed US firms for 2012-2021. We employed four estimation methods: bootstrap quantile...

Persistent link: https://www.econbiz.de/10014494709

Are forced turnovers good or bad news?

Kind, Axel; Schläpfer, Yves - 2011

To gain insights about the quality of board's firing decisions, we investigate abnormal stock returns and operating performance around CEO-turnover announcements in a new hand-collected sample of 208 "clean" turnover events between January 1998 and June 2009. Unlike the majority of previous...

Persistent link: https://www.econbiz.de/10009565583

Hedge Funds, Managerial Skill, and Macroeconomic Variables

Avramov, Doron - 2013

This paper evaluates hedge fund performance through portfolio strategies that incorporate predictability based on macroeconomic variables. Incorporating predictability substantially improves out-of-sample performance for the entire universe of hedge funds as well as for various investment...

Persistent link: https://www.econbiz.de/10013095088

Managerial Talent and Corporate Social Responsibility (CSR) : How Do Talented Managers View Corporate Social Responsibility?

Jiraporn, Pornsit - 2015

Motivated by the on-going debate on the costs and benefits of CSR, we explore how talented managers view CSR … managers view CSR investments favorably. However, only those with especially strong talent are in favor of CSR investments. For … investments, suggesting that these strongly talented managers perceive CSR as enhancing firm performance. By contrast, for those …

Persistent link: https://www.econbiz.de/10013015404

1
2
3
4
5
6
7
8
9
10
Next
Last