This paper examines whether ethical corporate citizenship moderates the effect of CEO power on financial leverage, cost of debt, dividend payout, and firm value. Ethical corporate citizenship is operationalized as a binary variable of 1 for firms listed as World’s Most Ethical Companies...

Reports citing excessive CEO compensation continue to make the news with evidence of peer relationships between the CEO and the compensation committee often the center of debate. The compensation committee of the board of directors determines CEO pay and is often comprises CEOs from other...