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Board of director collusion, managerial incentives and firm values

Andergassen, Rainer - 2011

This paper investigates the effects of board of director collusion on managerial incentives and firm values. Recent …-cutting effort and investigate the consequences of and the incentives for coordinating managerial pay among corporate boards. …

Persistent link: https://www.econbiz.de/10011734901

Corporate Governance und Unternehmenserfolg : eine empirische Analyse des Zusammenhangs zwischen den Führungs-, Kontroll- und Anreizstrukturen und der Geschäftsentwicklung deutscher Banken

Steinbrecher, Johannes - 2016

Das internationale Bankensystem stand in den vergangenen Jahren im Fokus des öffentlichen Interesses. Bei der Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in den Fokus. Der vorliegende Forschungsbericht widmet...

Persistent link: https://www.econbiz.de/10011448727

Corporate Governance und Unternehmenserfolg : eine empirische Analyse des Zusammenhangs zwischen den Führungs-, Kontroll- und Anreizstrukturen und der Geschäftsentwicklung deutscher Banken

Steinbrecher, Johannes - 2016

. Moreover, the results indicate that strong incentives in capital market divisions induced excessively high risks in the capital …

Persistent link: https://www.econbiz.de/10011742813

Performance Contingencies in CEO Equity Awards and Debt Contracting

Bizjak, John M. - 2018

We find that firms that grant performance-contingent (p-c) equity awards with accounting-based vesting conditions to their CEOs have lower cost of debt and less restrictive loan terms. The benefits of p-c accounting awards on debt financing are greater when the moral hazard problem faced by...

Persistent link: https://www.econbiz.de/10012934578

Measuring Workers’ Financial Incentives

Bias, Daniel - 2020

We propose a novel measure for workers' financial incentives based on within-establishment wage differences among … linked worker-establishment-firm dataset that covers 31 million workers in Germany. For validation, we exploit survey …' incentives positively correlate with firms' performance and innovativeness, which supports a positive relationship between …

Persistent link: https://www.econbiz.de/10012826134

Board Compensation, Corporate Governance, and Firm Performance in Indonesia

Darmadi, Salim - 2011

This paper examines the determinants of board compensation in a developing economy that adopts a two-tier board structure system. Corporate governance structure, firm-specific characteristics, and firm performance are hypothesized as significant determinants. The sample consists of 442 firm-year...

Persistent link: https://www.econbiz.de/10013121689

Compensations of top executives and M&A behaviors : an empirical study of listed companies

Xue, Jiao; Fan, Heng; Dong, Zhanxun - In: International Journal of Financial Studies : open … 8 (2020) 4/64, pp. 1-13

promotes the propensity to engage in M&A and significantly affects the scale of M&A.With regard to long-term incentives, M …

Persistent link: https://www.econbiz.de/10012321119

Say pays! : shareholder voice and firm performance

Cuñat, Vicente; Giné, Mireia; Guadalupe, Maria - 2014

This paper estimates the effects of Say-on-Pay (SoP); a policy that increases shareholder "voice" by providing shareholders with a regular vote on executive pay. We apply a regression discontinuity design to the votes on shareholder-sponsored SoP proposals. Adopting SoP leads to large increases...

Persistent link: https://www.econbiz.de/10010414206

Do CEOs make their own luck? : relative versus absolute performance evaluation and firm risk

Wruck, Karen H.; Wu, Yi Lin - 2017 - Current Draft: 10/5/17

) plans. Plans including accounting-based performance metrics and/or cash payouts have weaker risk-related incentives. The …

Persistent link: https://www.econbiz.de/10011968863

Market competition or family ties : which prevails on Italian CEOs pay?

Graziano, Clara; Rondi, Laura - 2015 - This draft: June 8, 2015

The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed firms from 2000 to 2011 and tests the impact of the 2007-08 financial crisis on pay-performance sensitivity. We argue that important differences both in the level of compensation...

Persistent link: https://www.econbiz.de/10011280832