Showing 1 - 10 of 10
Persistent link: https://www.econbiz.de/10014424371
Social entrepreneurship or enterprise is considered as an innovative form, which combines economic and social value creation to improve societal development. Theory and practice of this field are attracting more attention. In this article, we identified significant literature and journals as...
Persistent link: https://www.econbiz.de/10014139576
Social entrepreneurship or enterprise is considered as an innovative form, which combines economic and social value creation to improve societal development. Theory and practice of this field are attracting more attention. In this article, we identified significant literature and journals as...
Persistent link: https://www.econbiz.de/10010458585
Using the staggered enactment of constituency statutes across US states, we find that banks with directors whose legal duties are expanded to consider stakeholder and long-term interests significantly reduce risk-taking by increasing capital and shifting to safer borrowers. Additionally, we find...
Persistent link: https://www.econbiz.de/10012903943
We find that managers receive more risk-taking incentives in their compensation packages once their firms are referenced by credit default swap (CDS) trading, particularly when institutional ownership is high and when firms are in financial distress. These findings provide suggestive evidence...
Persistent link: https://www.econbiz.de/10012895543
Does a decline in shareholder litigation enhance managers’ monitoring efforts by ensuring adequate firm risk management? We explore how state Universal Demand laws (which limit shareholder litigation as a mechanism to discipline managers, UD law hereafter), affects bank holding companies’...
Persistent link: https://www.econbiz.de/10013213688
We examine how firms' dividend policy affects the initial compensation of their newly appointed CEOs. We focus on newly appointed CEOs to isolate the effect of dividends on compensation and to provide new insights into an aspect largely neglected by compensation research. We show that the...
Persistent link: https://www.econbiz.de/10012871384
This paper provides new evidence that correlated abnormal compensation of CEOs and directors is symptomatic of agency problems associated with cronyism. We find that director abnormal compensation has a negative impact on the likelihood of CEO turnover and reduces the sensitivity of CEO turnover...
Persistent link: https://www.econbiz.de/10012871437
We investigate the takeover strategies of high default risk acquirers and their value impact. We find that these bidders select bigger, less profitable and unrelated targets, pursue transactions during recessions, and pay with shares by offering target shareholders high premiums. Their long-term...
Persistent link: https://www.econbiz.de/10012894337
This article reports the results of research investigating residents' perceptions, attitudes and behavioral intention (BI) toward sports festivals and special events (FSE) from a pre-event perspective. A structural equation modeling (SEM) was utilized. Two sets of theoretical frameworks have...
Persistent link: https://www.econbiz.de/10012174771