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Short-Termism, Managerial Talent, and Firm Value

Thakor, Richard T. - 2020

-informed, multi-tasking managers and the labor market. There are two main results. First, managers prefer longer-horizon projects that … firms. Second, when firms compete for managers, firms practicing short-termism attract better managerial talent when talent … is unobservable, but larger firms that invest in long-horizon projects hire more talented managers when talent is …

Persistent link: https://www.econbiz.de/10012828916

Corporate governance, external financing, and earnings management : new evidence from an emerging market

Nguyen Thi Hoa Hong; Nguyen Thai Anh; Nguyen Tran Viet Hoang - In: Future Business Journal 9 (2023), pp. 1-22

findings could provide implications for managers and regulators to enhance governance practice to alleviate firm devaluation …

Persistent link: https://www.econbiz.de/10014381178

Essays in empirical and behavioral corporate finance

Kuhnen, Camelia M. - 2006

Persistent link: https://www.econbiz.de/10003965345

"Work is easy or very tired" : the impact of the heterosexual leadership structure on enterprise innovation investment

Huo, Mengjun; Li, Chao - In: China finance review international 14 (2024) 2, pp. 390-417

Persistent link: https://www.econbiz.de/10015061667

CEO personality and firm policies

Gow, Ian D.; Kaplan, Steven N.; Larcker, David F.; … - 2016

Based on two samples of high quality personality data for chief executive officers (CEOs), we use linguistic features extracted from conferences calls and statistical learning techniques to develop a measure of CEO personality in terms of the Big Five traits: agreeableness, conscientiousness,...

Persistent link: https://www.econbiz.de/10011547631

Capital Budgeting and Managerial Retention under Product Market Competition

Mon, Myat - 2012

This paper studies how division managers' access to venture capital (VC) markets affects the internal capital … allocation decision of a multi-division firm. Division managers may leave firms and seek venture financing if their project ideas … product market competition. The paper characterizes headquarters' decision to retain managers and allocate capital for …

Persistent link: https://www.econbiz.de/10013115087

Investment and CEO Compensation Under Limited Commitment

Ai, Hengjie - 2013

. We consider three types of limited commitment: i) managers cannot commit to compensation contracts that provide lower …

Persistent link: https://www.econbiz.de/10013073653

Impact of Internal Governance on a CEO’s Investment Cycle

Brick, Ivan - 2020

This paper examines the impact of internal governance on a CEO's investment cycle. Extant literature defines internal governance as the mechanism by which senior executives help discipline the CEO to maximize shareholder value. Weisbach (1995) finds that a year or two before the CEO retires, the...

Persistent link: https://www.econbiz.de/10012826149

Impact of Internal Governance on a CEO’s Investment Cycle

Brick, Ivan - 2020

The investment cycle literature suggests that older CEOs with short investment horizon may be myopic and as result incur agency costs as they try to extract rents by under-investing. Acharya, Myers and Rajan (2011) theorize that internal governance may mitigate the CEO horizon problem. We find...

Persistent link: https://www.econbiz.de/10012827146

The Impact of Managerial Ability on Crisis-Period Corporate Investment

Andreou, Panayiotis C. - 2017

We use the 2008 global financial crisis as a natural experiment setting to investigate the relationship between managerial ability and corporate investment. We find a strong positive relation between pre-crisis managerial ability and capital expenditure during the crisis period, which remains...

Persistent link: https://www.econbiz.de/10012971377