We examine whether a firm's strategic priorities influence their selection of a new CEO and what conditions enable such an appointment to add value to the firm. More specifically, this study investigates the value-adding effect when prospector firms (i.e., those pursuing a prospector-type...

We investigate whether market reactions to Accounting and Auditing Enforcement Releases (AAERs) of the U.S. Securities and Exchange Commission (SEC) vary with different levels of readability in the AAERs. After controlling for the complexity of an AAER report and the severity of the enforcement...

This paper assesses whether reducing ‘readability' is an effective obfuscation strategy for influencing the level of shareholder say-on-pay voting dissent in firms with excessive CEO pay. Based on a sample of UK-listed firms, our results indicate that in cases of excessive CEO pay, a less...

Motivated by the challenge in the director turnover literature to distinguish between board-initiated dismissals (i.e., ‘clean house’) and director-initiated departures (i.e., ‘jump ship’), we study director turnover in firms local to terrorist attacks (hereafter, TA firms). We argue...

Motivated by the rise of linking CEO compensation to corporate social responsibility (hereafter, CSR contracting), we examine the impact of CSR contracting on CEO performance-induced turnover. Using a sample of S&P 500 firms with hand collected information on the use and substantiveness of CSR...

We examine whether pay differentials between the chief executive officer (CEO) and vice presidents (VPs) can be explained by firms’ strategic priorities. We find that firms that pursue prospector-type strategies have a larger CEO−VP difference in equity compensation. We argue that such a pay...

This paper examines the location patterns of and the reciprocal relationships between corporate location and office market in Metropolitan Shanghai. Corporate location is viewed a reflection of the globalization process in which metropolitan economies are restructured and firms relocate. Office...

The first release of the Sixth National Population Census results in April 2011 revealed that mainland China had a total population of 1339.72 million, of which 665.58 million resided in urbanized areas. This suggested that the urbanization process had accelerated during the period 2000–2010,...

This paper examines the emerging multiple centre urban spatial structure in Beijing using housing price variation as an indicator. A random sample of 3783 apartment units was used. These apartments were recent sales in 2001, 2003 and 2005. The dataset included transaction prices and main housing...