We explore the effect of co-opted directors on CEO power. Co-opted directors are those appointed after the incumbent … necessary for the CEO to command so much power where more directors are co-opted, hence leading to less powerful CEOs. In other … words, co-opted directors substitute for strong CEO power. Crucially, we find that board co-option exhibits much more …

The optimal view of managerial power theory suggests that corporate boards reward CEOs with power for good firm …, that are outside the CEO's control. Contrary to the prediction, we find that CEOs are rewarded with power for luck. In the … baseline specification, a one standard deviation increase in firm performance due to luck leads to a 3% increase in CEO power …

This study examines the implications of CEO power on the board structure of banks in the Ghanaian banking industry … show that CEO power underscores the absence or lack of gender composition of bank boards and constrains independent … the CEO power effect on bank board structure, such that the actual sign of the marginal effect of CEO power on bank board …

shareholder benefit. However, predicting CEO behaviour remains challenging, especially when considering CEO power (CEOP). Hence … 2010 to 2020. Utilizing the Entropy weight methodology, a CEOP index combines structural, ownership, and expert power … the Chief Executive Officer (CEO). Hence, this study explores the interaction between CEO power and firm risk-taking in …

power, but superior governance is associated with greater relatedness between the target and acquirer. We also find that the … effect of CEO power on a firm’s acquisition activity varies according to the source of that power. Our results suggest that … the relationships between governance, CEO power, and acquisition activity are complex …

We identify the power of institutional blockholders to influence management using previous occurrences of forced CEO …

This study investigates the monitoring role of media tone on Chief Executive Officer (CEO) power. Using CEO pay slice … (CPS) as a measure of CEO power, we find that negative tone is associated with a reduction in CEO power. The finding … theoretical predictions, we find that the impact of negative tone on the extent of CEO power is stronger in well-governed firms …

voting power indices, is proposed, and the different measures are compared using a sample of large listed German firms. The …

voting power indices, is proposed, and the different measures are compared using a sample of large listed German firms. The …