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Corporate investment and stock market valuation

Liao, Shushu; Errico, Marco - In: Journal of Business Finance & Accounting 50 (2022) 3-4, pp. 795-819

We study the driving forces behind the positive association observed between corporate investment and stock market valuation, and how they interact with managerial equity incentives and informativeness of investment. We build a dynamic model where managers use investment choices to influence...

Persistent link: https://www.econbiz.de/10014503987

Executive board composition and bank risk taking

Berger, Allen N.; Kick, Thomas; Schaeck, Klaus - 2012

younger executive teams increase risk taking, as do board changes that result in a higher proportion of female executives. In … contrast, if board changes increase the representation of executives holding Ph.D. degrees, risk taking declines. …

Persistent link: https://www.econbiz.de/10010308267

Unions and the Labor Market for Managers

Pischke, Jörn-Steffen; Hallock, Kevin F.; DiNardo, John - 2000

We examine the relationship between the employment and compensation of managers and CEOs and the presence of a unionized workforce. We develop a simple efficiency wage model, with a tradeoff between higher wages for workers and more monitoring, which requires more managers. The model also...

Persistent link: https://www.econbiz.de/10010262364

Equal opportunity? Gender gaps in CEO appointments and executive pay

Keloharju, Matti; Knüpfer, Samuli; Tåg, Joacim - 2016

This paper uses exceptionally rich data on Swedish corporate executives and their personal characteristics to study …-eight of the gaps can be attributed to observable gender differences in executives' and their firms' characteristics. Further …. Instead, our results are consistent with the view that male and female executives sharing equal attributes neither have equal …

Persistent link: https://www.econbiz.de/10011794577

CEO Health and Corporate Governance

Keloharju, Matti; Knüpfer, Samuli; Tåg, Joacim - 2020

group of executives. Health predicts turnover, measured at appointment and during tenure. These results are consistent with …

Persistent link: https://www.econbiz.de/10012615394

The impact of CEO turnover on equity volatility

Clayton, Matthew J.; Hartzell, Jay C.; Rosenberg, Joshua V. - 2003

A change in executive leadership is a significant event in the life of a firm. This study investigates an important consequence of a CEO turnover: a change in equity volatility. We develop three hypotheses about how changes in CEO might affect stock price volatility, and test these hypotheses...

Persistent link: https://www.econbiz.de/10010283349

Revolvers in the corporate elite

Egerod, Benjamin C. K.; Stuckatz, Jan; Mueller, Michael - 2024

How do firms employ political connections to deal with their non-market environment? To answer this question, we provide the most comprehensive empirical examination of firms' employment of former public officials -revolvers- to date. Building on a rich literature in management and political...

Persistent link: https://www.econbiz.de/10015184728

The relationship between CEO characteristics and banks' risk-taking: Review and research directions

Hertrampf, Patrick; Brunner-Kirchmair, Thomas M.; … - In: Schmalenbach Journal of Business Research (SBUR) 77 (2025) 1, pp. 127-178

The fundamental role of the banking sector in society and the economy necessitates extensive regulation and supervision. Given that increased risk-taking behavior can undermine the stability of the banking sector, it is crucial to identify the factors affecting banks' risk-taking. This study...

Persistent link: https://www.econbiz.de/10015332159

Mehmet Genç (1934-2021)

Salzmann, Ariel - In: The Journal of European Economic History (JEEH) 51 (2022) 1, pp. 177-191

Persistent link: https://www.econbiz.de/10015206893

Economists, scientific communities, and pandemics: An exploratory study of Brazil (1918-2020)

Boianovsky, Mauro - In: EconomiA 22 (2021) 1, pp. 1-18

The paper investigates historical aspects of the formation of the scientific community of economists in Brazil, taking … a couple of remarkably influential economists. …

Persistent link: https://www.econbiz.de/10013466689