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Persistent link: https://www.econbiz.de/10014259069
. Previous studies argue that women in upper positions receive lower compensation and incentive than men due to their risk … that women receive lower rewards because of their risk aversion tendency. This study contributes to alleviating the … perception that women's risk-averse tendencies make them incompetent and receive lower compensation than men …
Persistent link: https://www.econbiz.de/10013224799
This study aims to explore the crucial question whether the presence of female directors on the compensation committees limits the CEO excessive compensation in China or not? To draw the inferences, we use the data of Chinese listed firms for the year 2006 to 2015 and estimate ordinary least...
Persistent link: https://www.econbiz.de/10012599894
We analyze how the reputational concerns of boards influence executive compensation and the use of hidden pay. Independent boards reduce disclosed pay to signal their independence, but are more likely to use inefficient hidden pay than manager-friendly boards. Stronger reputational pressures...
Persistent link: https://www.econbiz.de/10012976117
I examine the effects of board member departures on CEO compensation using a sample of high growth IPO firms. Agency theory predicts that a reduction in board monitoring by harvester directors (VCs and private equity investors) will result in an increase in CEO pay. I find that departures of the...
Persistent link: https://www.econbiz.de/10012932733
Executive equity compensation is granted out of an equity incentive plan that must be approved by shareholders. Equity incentive plans are an important precursor to equity grants because plan terms give boards of directors discretion over the amount and features of equity that can be granted...
Persistent link: https://www.econbiz.de/10013216623
We analyze how boards' reputational concerns influence executive compensation and the use of hidden pay. Independent boards reduce disclosed pay to signal their independence, but are more likely than manager-friendly boards to use hidden pay or to distort incentive contracts. Stronger...
Persistent link: https://www.econbiz.de/10012828103
In the current scenario of increasing social inequality, the debate over the compensation received by directors and executives of large listed companies, and its justification, has intensified. Drawing on Agency Theory and Human Capital Theory, a multilevel analytical technique is used in this...
Persistent link: https://www.econbiz.de/10012176202
In many advanced countries, most outside directors are executives, active or retired, at other firms; in other words, executives from other companies make executive compensation decisions. This situation may hinder the board of directors (BOD) in their efforts to optimize executive compensation...
Persistent link: https://www.econbiz.de/10012981315
The present study investigates the impact of blockholder’s presence and board structure on CEO compensation level as well as the pay-performance relationship (PPR) for the companies included in the S&P BSE 500 Index during the period 2015-2019. A panel data analysis revealed the preference...
Persistent link: https://www.econbiz.de/10013229036