We develop a market equilibrium model to show how search frictions in the CEO market, agency conflicts and product market characteristics interact to affect CEO market tightness, firm size and CEO incentive pay. The theory generates novel implications that link firms' product markets with CEO...

In this paper we demonstrate that hiring a manager with a propensity to over-invest in socially and responsible production can increase firm profits if customers not only care about the responsible behavior of the market firm but also about the engagements of all players along the firm’s...

The present study investigates the impact of blockholder’s presence and board structure on CEO compensation level as well as the pay-performance relationship (PPR) for the companies included in the S&P BSE 500 Index during the period 2015-2019. A panel data analysis revealed the preference...

The likelihood of not getting the desired funding at an appropriate cost or the probability of an undue loss of value in the event of a fire sale of assets is recognised as the liquidity risk. Moreover, a flat idiosyncratic liquidity risk does not necessarily translate into a similar risk...

The Consumer Financial Protection Bureau has been steeped in partisan controversy since its founding in 2011. While generally championed by those on the left, many on the right have been skeptical if not hostile to the Bureau’s mission. The Bureau’s enforcement regime has unsurprisingly...

COVID-19 pandemic lockdowns and mobility restrictions have forced many individuals to work from home, leading to diverse isolation-induced mental health consequences. Using the granularity of foot traffic data, we show that prolonged work from home during the COVID-19 outbreak dampens managerial...

We emphasize the relevance of the management team's local knowledge in the presence of business uncertainty. Exploiting a hand-collected dataset covering CEOs' birthplace, we provide robust evidence that firms with local CEOs are more likely to have higher credit ratings and preserve their debt...

The idea of a separate seat among a company’s executive leadership dedicated to sustainability first emerged in the mid-2000s and since then companies have hired professionals to work with directors and chief executive officers to design and implement operational strategies and organizational...

Unit 13 covers:• Compensating Owners and Execs in Unincorporated Entities• Compensating Owners and Execs in Corporations• Incentive Stock Options• Non-qualified Stock Options• Stock Appreciation Rights