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Prior literature shows that choices regarding board composition are associated with earnings management. We add to this literature by examining the effects of the presence of a foreign board member on earnings management. Using a sample of 3,249 firm-year observations representing 586...
Persistent link: https://www.econbiz.de/10011418688
In this study, we examine the relationship between within-firm pay inequality and employee productivity. We use hand-collected data on a sample of S&P 1500 companies from 2018-2022 and find a concave relationship between the relative CEO pay and employee productivity. Consistent with tournament...
Persistent link: https://www.econbiz.de/10014251441
between risk prevention and proactive value generation. Efficient risk and performance management requires adequate assessment … of risk and risk exposures on the one hand and performance on the other. Properly designed, a risk measure should provide … information on to what extend the firm's performance is at risk, what is causing that risk, the relative importance of non …
Persistent link: https://www.econbiz.de/10003976023
Incentive effects of performance-based compensation schemes for management may be weakened or biased by macroeconomic …. -- Executive compensation ; salary bonus ; option ; pension ; macroeconomic factors ; performance ; luck …
Persistent link: https://www.econbiz.de/10003976019
as a result of this globalization. We focus on direct and indirect American influence on the dismissal performance … performance sensitivity. The empirical results show a significant increase in the dismissal sensitivity in poorly performing … dismissal ; performance sensitivity ; globalization ; corporate governance ; foreign board membership ; institutional contagion …
Persistent link: https://www.econbiz.de/10003932526
the American corporate governance system increase the dismissal performance sensitivity faced by European CEOs, indirectly … firms hiring U.S. independent board members. Both influences are expected to result in increased dismissal performance … practice. However, no significant increase in dismissal performance sensitivity was identified from U.S. cross-listing. In line …
Persistent link: https://www.econbiz.de/10009721271
Macroeconomic fluctuations affect corporations’ performance through demand and cost conditions. Incentive effects of … performance-based compensation schemes for management may be weakened or biased by macroeconomic influences if management is … macroeconomic fluctuations. The macroeconomic influences on performance and compensation can be expected to vary from firm to firm …
Persistent link: https://www.econbiz.de/10003691579
In this chapter we examine the role of the CFO in setting risk management strategy with respect to macroeconomic risk, in particular, and we consider the information requirements for setting a strategy that is consistent with corporate objectives. We argue that macroeconomic risk management...
Persistent link: https://www.econbiz.de/10008654170
This chapter focuses on the role of corporate financial strategies to improve firms' market valuations, and thus lower their cost of capital. The identification of successful strategies is accomplished within an overall strategic framework and related to how the firm perceives the degree of...
Persistent link: https://www.econbiz.de/10009382497
Scholars have previously investigated country and organizational-level factors associated with the incidence of female directors on boards. These studies, however, cannot explain why, in countries with strong gender equality and pressure for female directorships, firms are still hesitant to...
Persistent link: https://www.econbiz.de/10010206901