In this paper the extent to which ownership structure and board characteristics influenced Taiwanese firms' decision to enhance board independence by appointing independent directors and supervisors is investigated. Our first finding supports the incentive-alignment hypothesis where ownership...

In this study, we examine the effect of succession-induced gaps in CEO characteristics on subsequent firm performance. We show that a gap index constructed using differences in CEO attributes between the predecessor and the successor leads to deteriorating subsequent firm performance when the...

This paper empirically addresses the questions of whether and, if yes, how U.S. bankers are compensated in particular with regard to incentive pay. Although the level of bank CEO pay has dropped during the financial crisis period, bank CEOs fared much better in comparison to their firms (and, in...