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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 …
Persistent link: https://www.econbiz.de/10014526511
voting power indices, is proposed, and the different measures are compared using a sample of large listed German firms. The …
Persistent link: https://www.econbiz.de/10011450369
endogeneity concerns in the context of corporate governance, we explore the relation between CEO power and firm performance, as an … dealing with the endogeneity issues, we find strong evidence that the true relationship between CEO power and subsequent firm …
Persistent link: https://www.econbiz.de/10012976123
This study investigates the role of media tone on CEO power and firm value. Using CEO pay slice (CPS) as a measure of … CEO power, we find that negative media tone is associated with a reduction in the change in CEO power. We also find that … firm performance can be explained by the interaction effects of positive media tone and the change in CEO power. Similarly …
Persistent link: https://www.econbiz.de/10012932307
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 …
Persistent link: https://www.econbiz.de/10012913973
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 …
Persistent link: https://www.econbiz.de/10014049776
Recent regulatory initiatives that attempt to encourage shareholder engagement, ensure board independence and improve the operation and transparency of corporate groups are of great interest to both academics and practitioners. These initiatives reflect a ‘one-size-fits-all' approach that may...
Persistent link: https://www.econbiz.de/10013057435
Some jurisdictions weathered the global financial crisis far better than others. Australia has attracted much attention in view of the fact that its economy performed particularly well during the crisis compared to the United Kingdom and the United States.The chapter explores why the Australia...
Persistent link: https://www.econbiz.de/10012857261
Is common ownership the Doomsday Machine for the operation of free markets, competition and capitalism as we know it? An observer of cutting-edge law and economics literature may indeed tend to believe that we are approaching a point of ultimate antitrust apocalypse. This article tries to unfold...
Persistent link: https://www.econbiz.de/10012868806