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We investigate whether external industry tournament incentives influence the design of executive compensation contracts. Using staggered negative mobility shocks as exogenous disruptions to tournament incentives, we show that firms treated by these shocks act to restore their executives’...
Persistent link: https://www.econbiz.de/10014352279
Using five empirical methodologies to account for endogeneity issues, this study investigates the effects of board independence and managerial pay on the performance of 169 Saudi listed firms between 2007 and the end of 2014. Studying board independence and managerial pay utilises the main...
Persistent link: https://www.econbiz.de/10013227123
Using a sample of 4,278 listed UK firms, we construct a social network of directorship-interlocks that comprises 31,495 directors. We use social capital theory and techniques developed in social network analysis to measure a director's connectedness and investigate whether this connectedness is...
Persistent link: https://www.econbiz.de/10013095860
Influenced by their compensation plans, CEOs make their own luck through decisions that affect future firm risk. After adopting a relative performance evaluation (RPE) plan, total and idiosyncratic risk are higher, and the correlation between firm and industry performance is lower. The opposite...
Persistent link: https://www.econbiz.de/10011968863
governance policies, such as managerial pay, and curbing competition. We study a model where managers can exert unobservable cost …
Persistent link: https://www.econbiz.de/10011734901
Persistent link: https://www.econbiz.de/10014635040
We analyze the effect of CEO food culture on corporate innovation using a sample of Chinese listed firms from 2000 to … culture is positively associated with corporate innovation. The influence of CEOs' food culture and overseas experience on … firm innovation are substitutes to each other. CEO food culture matters in state-owned enterprises (SOEs) than in non …
Persistent link: https://www.econbiz.de/10012869595
ability and innovative output is weaker for older CEOs and managers who stay in the same job for longer, suggesting a … managers more positively, suggesting that equity holders deem better skilled managers more effective at converting innovative …
Persistent link: https://www.econbiz.de/10013006237
—promotes innovation. Firms with PhD CEOs produce more exploratory patents with greater novelty, generality and originality. PhD CEOs …
Persistent link: https://www.econbiz.de/10012849435
performance in innovation-intensive industries. Firms with female directors tend to invest more in innovation and obtain more … mechanisms, the positive association between female board representation and corporate innovation is stronger when product market … competition is lower and when managers are more entrenched, consistent with increased monitoring by female directors improving …
Persistent link: https://www.econbiz.de/10012937268