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This paper investigates the relationship between a CEO's social network, firm identity, and firm performance. There are … two competing theories that predict contradictory outcomes. Following social network theory, one would expect a positive … network affects firm performance negatively. Even so, growth companies are actively seeking CEOs with a large social network …
Persistent link: https://www.econbiz.de/10010277938
Persistent link: https://www.econbiz.de/10003755172
We use a unique data set of over two million matched employer-employee-year observations in Italy over the 1994-2000 period to identify the causal effect of a quasi-exogenous shock to within-firm pay inequality on firm performance, investment, and payout policies. Consistent with our theoretical...
Persistent link: https://www.econbiz.de/10013297640
This paper investigates the relationship between gender of the CEO and composition of the board of directors (female chairman and share of women in the boardroom) and firm's risk attitudes measured as variability in four firm outcome variables (investments, profits, return to equity, and sales)....
Persistent link: https://www.econbiz.de/10010128850
Divergent views exist about whether boards must tradeoff advising for monitoring performance when utilizing outside versus inside directors. We suggest a dichotomous tradeoff focus underestimates outside directors' impact on board performance. We find outside director tenure positively...
Persistent link: https://www.econbiz.de/10013057934
incentives. Moreover, the results suggest that difficult vesting targets negatively affect managers' choice of effort, resulting … in the divergence of managers' and shareholders' interests …
Persistent link: https://www.econbiz.de/10013032117
The paper examines the relationship between managerial share ownership and firm performance for British stock-exchange listed firms. We seek to establish a link between the predictions of agency theory and the corporate control environment using key governance and disclosure thresholds as...
Persistent link: https://www.econbiz.de/10014185326
Purpose of the article: There seems to be lack of studies on the link between corporate governance disclosure attributes and organisational performance, particularly for consumer and industrial goods companies in sub-Sahara Africa in a single study. Consequently, this study was carried out with...
Persistent link: https://www.econbiz.de/10014318233
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
We investigate the influence of non-executive outside directors on firms' innovative performance for a sample of 1,393 listed firms in the EU - 15 member states plus Norway and Switzerland in the period 2005 to 2010. Our results show that the fraction of non-executive outside directors on the...
Persistent link: https://www.econbiz.de/10010478011