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evaluation of the adoption of golden parachutes on shareholders' wealth when the measure is used as a compensation device instead …Purpose – The purpose of this paper is to examine the effects of golden parachutes on shareholders' wealth when the … a negative influence on shareholders' wealth. These negative results are more prevalent for firms with an operating …
Persistent link: https://www.econbiz.de/10005081243
design of executive pay arrangements, suggesting that some CEOs may extract greater economic rent from shareholders when … extraordinary benefits (negotiated gains and post-acquisition positions) come at the expense of shareholders, highlighting an agency … problem where CEOs trade shareholders value in return for their own personal benefits. …
Persistent link: https://www.econbiz.de/10009466153
Purpose -The purpose of this paper is to investigate the effect of executive severance contract maturity policies on …/methodology/approach -The paper utilizes logistic and accelerated failure time models to test the hypothesis that severance contracts decrease … forced out. Findings -The results provide evidence that fixed-term severance contracts increase the likelihood of forced …
Persistent link: https://www.econbiz.de/10010761722
Purpose – The purpose of this paper is to investigate the effect of executive severance contract maturity policies on …/methodology/approach – The paper utilizes logistic and accelerated failure time models to test the hypothesis that severance contracts decrease … forced out. Findings – The results provide evidence that fixed‐term severance contracts increase the likelihood of forced …
Persistent link: https://www.econbiz.de/10014940068
Persistent link: https://www.econbiz.de/10009151675
Purpose – The principles, regulations and directives associated with corporate governance constitute a view of the role, responsibilities and obligations of corporations within a given society. Identifying the ethics of a specific corporate governance regime entails making explicit the moral...
Persistent link: https://www.econbiz.de/10014781539
Purpose – The 1990s brought a strong dominance of the US model of corporate governance, setting the continental European model at a disadvantage. Due to the financial crisis, the shareholder dominated Anglo‐American model has lost much of its evidence. The purpose of this paper is to try to...
Persistent link: https://www.econbiz.de/10014781542
Purpose – The paper presents an overview of perspectives on corporate governance grounded in the Common Law legal traditions of the UK and the USA. It further discusses whether that perspective is suitable for global application. Design/methodology/approach – The paper presents personal...
Persistent link: https://www.econbiz.de/10014781543
effective protection in law to disgruntled minority shareholders. Design/methodology/approach – The study draws upon official …
Persistent link: https://www.econbiz.de/10014781561
Purpose – The concept of the balanced company refers to a company that is in good relations with its internal and external constituencies. Establishing such a balanced company largely depends on the corporate governance of the firm. The paper, therefore, aims to develop new insights into the...
Persistent link: https://www.econbiz.de/10015007232