This study investigates the reaction to the Securities and Exchange Commission’s (SEC) 2010 interpretative guidance on climate risk disclosures. Issued on February 8, 2010, the release represents one of the few examples of authoritative requirements for environmental disclosure in filers’...

Purpose – This study aims to examine whether CEO compensation is shielded from the negative effects of restructuring charges and asset impairments following the acquisition of the controlling interest in the stock of another corporation. Design/methodology/approach – Regression tests using...

Purpose – This study seeks to examine whether CEO duality further exacerbates CEOs' motivation of self‐interest to engage in mergers and acquisitions to increase their compensation. Design/methodology/approach – Regression tests using CEO compensation as the dependent variable, and CEO...

Purpose – This paper aims to examine whether there is an association between the level of performance‐based incentives offered to CEOs and the composition of firms' boards of directors and the compensation committee. Design/methodology/approach – Univariate tests are used to test the...

This study examines the impact of school-district governance characteristics, which include board and management entrenchment and budget and audit committee expertise, on fiscal measures. Despite the significant influence school boards have over the determination and use of the bulk of property...

Purpose - This study aims to examine whether CEO compensation is shielded from the negative effects of restructuring charges and asset impairments following the acquisition of the controlling interest in the stock of another corporation. Design/methodology/approach - Regression tests using CEO...

Purpose - This study seeks to examine whether CEO duality further exacerbates CEOs' motivation of self-interest to engage in mergers and acquisitions to increase their compensation. Design/methodology/approach - Regression tests using CEO compensation as the dependent variable, and CEO duality,...

Purpose – The paper aims to examine earnings quality during the post‐acquisition period. Design/methodology/approach – The paper defines earnings quality as an earnings stream more closely associated with future cash flows from operations. It uses the stock market's reaction at the...

Purpose – The purpose of this paper is to examine the risk‐incentive effect of CEO stock options in the banking industry. Design/methodology/approach – For a sample of industrial mergers, Williams and Rao find that the risk‐incentive effect of CEO stock options is associated with higher...

Purpose – The purpose of this paper is to review and summarize research into managerial incentives, merger activity, performance, and the use and structure of compensation to mitigate agency problems in the firm. Design/methodology/approach – The authors discuss studies of size elasticity...