Similar Search Results

Limbach, Peter; Sonnenburg, Florian - 2015 - First Draft: September 2014, This Draft: May 2015

We provide evidence for a positive impact of CEO fitness on firm value (Tobin's Q). For each of the years 2001 to 2011, we define S&P 1500 CEOs as fit if they finish a marathon. Fit CEOs are associated with higher firm profitability and M&A announcement returns. Effects on firm value are...

Persistent link: https://www.econbiz.de/10010517150

Performance effects of appointing other firms' executive directors to corporate boards : an analysis of UK firms

Muravyev, Alexander; Talavera, Oleksandr; Weir, Charlie - 2014

This paper studies the effect on company performance of appointing non-executive directors that are also executive directors in other firms. The analysis is based on a new panel dataset of UK companies over 2002-2008. Our findings suggest a positive relationship between the presence of these...

Persistent link: https://www.econbiz.de/10010246653

The impact of duality on managerial decisions and performance : evidence from the mutual fund industry

Kempf, Alexander; Pütz, Alexander; Sonnenburg, Florian - 2013 - This version: October 2013

We study the decisions and performance of managers who are also chair of the board (duality managers). We hypothesize … that duality managers take more risky decisions and deliver worse performance than non-duality managers due to reduced … hypotheses: Duality managers take risk that they could easily avoid, deviate from their benchmarks, make extreme decisions, and …

Persistent link: https://www.econbiz.de/10010194852

Outside directors on the board, competition and innovation

Buchwald, Achim; Thorwarth, Susanne - 2015

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

CEO fitness and firm value

Limbach, Peter; Sonnenburg, Florian - 2014 - This Draft: September 2014

This study finds a positive relation between CEO fitness and firm value. For each of the years 2001 to 2011, we define CEOs of S&P 1500 companies as being fit if they finish a marathon. The literature suggests that fitness moderates stress and positively affects cognitive functions and...

Persistent link: https://www.econbiz.de/10010399327

Women on the board and executive duration : evidence for European listed firms

Buchwald, Achim; Hottenrott, Hanna - 2015

The participation of women in top-level corporate boards (or rather the lack of it) is subject to intense public debate. Several countries are considering legally binding quotas to increase the share of women on boards. Indeed, research on board diversity suggests positive effects of gender...

Persistent link: https://www.econbiz.de/10010486972

Women on the board and executive duration : evidence for European listed firms

Buchwald, Achim; Hottenrott, Hanna - 2015

Persistent link: https://www.econbiz.de/10010491772

Board industry experience, firm value, and investment behavior

Drobetz, Wolfgang; Meyerinck, Felix von; Oesch, David; … - 2014 - This version: September 2014

We analyze the valuation effect of board industry experience and channels through which industry experience of outside directors affects firm value. We find that firms with more experienced outside directors are valued at a premium compared to firms with less experienced outside directors. We...

Persistent link: https://www.econbiz.de/10010408818

Is Company Performance Dependent on Outside Director 'Skin in the Game'?

Swan, Peter L. - 2011

Whilst researchers extensively investigate executive incentives, very little appears in the literature on the effect of outside-director ‘skin in the game' on board monitoring and thus firm performance. Utilizing a unique panel dataset, we observe a sizeable positive relationship between...

Persistent link: https://www.econbiz.de/10013131143

Director Networks, Firm Performance, and Shareholder Base

Böhler, Dominik - 2010

Although often criticized for their inefficiency, director networks are observed in many economies of the world. This raises two questions: What is the empirical effect of director networks on firm performance and what are the determinants of director networks? We empirically examine both issues...

Persistent link: https://www.econbiz.de/10013137171