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Larcker, David F.; Miles, Stephen; Tayan, Brian - 2014

Many believe that the selection of the CEO is the single most important decision that a board of directors can make. In recent years, several high profile transitions at major corporations have cast a spotlight on succession and called into question the reliability of the process that companies...

Persistent link: https://www.econbiz.de/10014147438

Diversity in the C-Suite : The Dismal State of Diversity Among Fortune 100 Senior Executives

Larcker, David F.; Tayan, Brian - 2020

There has been a broad push in recent years to increase diversity at the board and CEO levels of public corporations. Despite this effort, diversity on boards and in senior leadership positions has not reached the levels to which advocates aspire. We provide new insight into this topic by...

Persistent link: https://www.econbiz.de/10014098729

Proxy Voting and CEO Pay : Evidence from Rejection of the Inevitable Disclosure Doctrine

Xie, Jing; LI, Xiaohui; Shen, Yao - 2022

We examine the efficacy of proxy voting to limit inflated CEO pay. We find that the percentage of dissenting votes that go against director-sponsored compensation proposals increases following a staggered rejection of the Inevitable Disclosure Doctrine (RIDD), which increases CEOs’ job...

Persistent link: https://www.econbiz.de/10013295486

Optimal Contracting or Managerial Power : Evidence from the Role of Independent Directors in Adjusting CEO Inside Debt

Buchanan, Bonnie; Wang, Shuhui; Yang, Tina - 2023

Whether executive compensation practices reflect optimal contracting or managerial power is one of the most fundamental and controversial topics in compensation and governance research. We shed light on this central issue by being the first to study the role of independent directors in adjusting...

Persistent link: https://www.econbiz.de/10014350887

Corporate Agency Problems and Dequity Contracts

Sepe, Simone M. - 2013

viewing managers as common agents of several types of investors can better capture the reality of corporate relationships …, where incentive problems can arise both vertically - between each investor type and the managers - and horizontally - among … making the undertaking of value-decreasing projects costly for managers and investors alike, conversion and/or redemption …

Persistent link: https://www.econbiz.de/10013094987

Managerial Entrenchment and Firm Value : A Dynamic Perspective

Chang, Xin (Simba) - 2013

We examine the impact of managerial entrenchment on firm value using a dynamic model with firm fixed effects. To estimate the model, we employ the long difference technique, which is shown by our simulation to deliver the least biased estimates. Based on a large sample of U.S. companies, we...

Persistent link: https://www.econbiz.de/10013095199

CEO Age and the Riskiness of Corporate Policies

Serfling, Matthew - 2014

managers are younger. Although older CEOs prefer less risky investment policies, I document results suggesting that CEO and …

Persistent link: https://www.econbiz.de/10013065300

CEO Relative Age and Corporate Risk-Taking

Guo, Junru; He, Jia; Liu, Sibo; Wang, Yonglin - 2022

the arguable randomness of managers’ birth months and a novel data set containing the birth month information of 2 …

Persistent link: https://www.econbiz.de/10013404933

Trustee Board Diversity, Governance Mechanisms, Capital Structure and Performance in UK Charities

Elmagrhi, Mohamed - 2018

Purpose: We investigate the association among trustee board diversity (TBD), corporate governance (CG), capital structure (CS) and financial performance (FP) using a sample of UK charities. Specifically, we investigate the effect of TBD on CS, and ascertain whether CG quality moderates the...

Persistent link: https://www.econbiz.de/10012931023

The Role of Corporate Governance Failure in the Grenfell Tower Fire

Khan, Noor-ul Muzamil; Haynes, Paul - 2021

The capacity for crisis perception and to foresee risk is central to project management where responsibility for safety is a central component informing decision making. This article examines the absence of this capacity as a cause and consequence of corporate governance failure. The example of...

Persistent link: https://www.econbiz.de/10013218263