Showing 1 - 10 of 261,733
This paper explores the career consequences of the decision to ally oneself with an activist investor/hedge fund in a proxy contest. Using 102 observations where an existing director reveals themselves to be a ‘dissident director' (i.e. agrees to help an activist in a proxy contest against an...
Persistent link: https://www.econbiz.de/10012962331
As managers approach retirement, their career horizons become shorter and they might start to behave opportunistically … imply that executive compensation contracts need to be appropriately adjusted when managers approach retirement …
Persistent link: https://www.econbiz.de/10012855320
We examine how developing an individual reputation for excellence affects a director's career outcomes in the labor market for boardroom talent. Using unique data on prestigious director awards, we find that individuals who experience very positive reputational shocks are typically rewarded with...
Persistent link: https://www.econbiz.de/10012846939
A significant portion of CEOs in publicly-listed Chinese state-owned enterprises receive zero pay from the companies for which they work. Instead, they are paid directly by their controlling shareholder who can be the Chinese government or parent firms controlled by the Chinese government. While...
Persistent link: https://www.econbiz.de/10012935738
We show that economic conditions when managers enter the labor market have long-run effects on their career paths and … managerial styles. Managers who began their careers during recessions become CEOs more quickly, but at smaller firms. They also … have more conservative styles, such as lower investment in capital expenditures and research and development, more cost …
Persistent link: https://www.econbiz.de/10012968554
We show that economic conditions when managers enter the labor market have long-run effects on their career paths and … managerial styles. Managers who began their careers during recessions become CEOs more quickly, but at smaller firms. They also … have more conservative styles, such as lower investment in capital expenditures and research and development, more cost …
Persistent link: https://www.econbiz.de/10012975649
A significant portion of CEOs in publicly-listed Chinese state-owned enterprises receive zero pay from the companies for which they work. Instead, they are paid directly by their controlling shareholder, which can be the Chinese government or parent firms that are controlled by the Chinese...
Persistent link: https://www.econbiz.de/10012985292
Combining studies on real options theory and economic short-termism, we propose that, depending on CEOs' career horizons, CEOs will have heterogeneous interests in and incentives to make real options investments. We argue that compared to CEOs with longer career horizons, CEOs with shorter...
Persistent link: https://www.econbiz.de/10012921442
from China, this study reveals that firms run by senior executives with prior academic experience exhibit higher CSR …
Persistent link: https://www.econbiz.de/10013404020
This paper addresses women's under-representation in top jobs in organizational hierarchies. We show that promotions to top jobs dramatically increase women's probability of divorce, but do not affect men's marriages. This effect is causally estimated for top jobs in the political sector, where...
Persistent link: https://www.econbiz.de/10011579514