Some authors argue that the integration of stock options as well as restricted stocks into executive compensation may reduce the conflicts between shareholders and management but may at the same time give rise to other agency problems connected to debt. While this line of argument may hold some...

A poor ethical culture has been considered one of the reasons for the emergence of many corporate governance scandals. In this paper, I investigate the link between two corporate governance mechanisms – the composition of the board of directors and ownership structure – and ethical culture...

Motivated by the debate on gender inequality, we study CEO gender and CEO age. Because women face significantly more obstacles in advancing their careers, it may take them longer to reach the top position, i.e. the chief executive officer (CEO). If this is the case, female CEOs should be older...

Objective - This study empirically examines the incidence of CEO dismissal in Malaysian Public Listed Companies (PLCs).Methodology/Technique - Logistic regression is used in this study to estimate the relationship between firm performance, corporate governance and CEO.Findings - The result shows...

This paper surveys the literature criticizing the view that managers should run companies aiming to create shareholder value by maximizing stock prices. Based on a multidisciplinary approach, I include empirical and theoretical papers from fields such as corporate law, management, finance,...

This paper analyzes the influence of stakeholder orientation on the design of managerial incentives. Our tests exploit the quasi-natural experiment provided by the staggered adoption of directors' duties laws (i.e., state-level laws that explicitly expand board members' duties to act in the best...

Governance at banks, especially major banks, requires further reform, especially with respect to incentives. Supervisors are concerned that incentives may make executives prone to take “excessive” risks. Shareholders are concerned that banks rarely earn their cost of capital.What's needed is...

We examine the financial and real implications of bank CEOs’ social minds induced by female socialization. We find evidence of an economically sizable and statistically significant bank CEO-daughter effect in lending behaviours, controlling for borrower industry as well as bank...

This paper examines the role of CEO’s innate altruism in explaining firm corporate social responsibility (CSR) performance by studying a sample of U.S. firms that are S&P 1500 components over the period 1997-2018. Building on the literature that highlights the importance of cultural heritage...

The purpose of this article is to analyse the criteria which determine the bonuses of the CEOs in the companies listed in the CAC 40, the French stock exchange index. The question of incentives for managers has been generally analysed in terms of the agency relationship. If one refers to the...