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This paper presents the results of a field study at a large financial services firm that combines multiple methods, including two economic experiments, to measure ethical norms and their behavioral correlates. Standard survey questions eliciting ethical evaluations of actions in on-the-job...
Persistent link: https://www.econbiz.de/10013122961
Undoubtedly, the international financial market is subject to "ecological" pressure in the possitive sense of the word. It seams that at present a process of adaptation of financial institutions to the functioning in the society which respect the requirements of natural environment protection...
Persistent link: https://www.econbiz.de/10013098490
Past several decades management has become a vital concern to society. If we look at pools, we notice that the public does not have good opinion abouth management ethics and business. For the management community to turn this situation around, significant efforts are required. It should be...
Persistent link: https://www.econbiz.de/10013106334
This paper argues that the key to success for any business enterprise is to build and maintain relevancy in the market place, whilst also remaining relevant to all the various stakeholders within the firm (e.g., employees and investors). Relevancy in the market means delivering products or...
Persistent link: https://www.econbiz.de/10013015576
In the aftermath of the Global Financial Crisis, legislators, regulators and journalists have focused on "bad" corporate governance as one root of the evil visited on the global financial system, and "good" or "improved" corporate governance as one of the remedies for repair. This short writing...
Persistent link: https://www.econbiz.de/10013153784
The agency problem at the core of corporate law stems from a chronic potential conflict of interest between directors' self-interest and that of shareholders. Corporate law views directors' self-interest in terms of diverting welfare to directors at the expense of shareholders. Another component...
Persistent link: https://www.econbiz.de/10013154238
Artificial Intelligence (hereafter: AI) is transforming our everyday life in many important respects. The corporate realm is no exception. Many corporations cannot avoid facing the variety of issues raised by the increasing importance that AI plays within firms. Can an AI-based system be...
Persistent link: https://www.econbiz.de/10012842334
We investigate the distribution of pay in the top executive team in public companies. In particular, we study the CEO's pay slice (CPS), defined as the fraction of the aggregate top-five total compensation paid to the CEO. The level of a firm's CPS might reflect the relative centrality of the...
Persistent link: https://www.econbiz.de/10012721426
We study the extent to which decisions to expand firm size are associated with increases in subsequent CEO compensation. Investigating a broad universe of firm-expansion choices, we find, controlling for performance and firm characteristics, a positive and economically meaningful correlation...
Persistent link: https://www.econbiz.de/10012721726
This paper examines both empirically and theoretically the growth of U.S. executive pay during the period 1993-2003. During this period, pay has grown much beyond the increase that could be explained by changes in firm size, performance and industry classification. Had the relationship of...
Persistent link: https://www.econbiz.de/10012721856