This paper estimates the determinants of the contributions made by top executives to their firm's Political Action Committee (PAC). We find that executive's personal PAC contributions (proxy for the interest of the firm) are positively related to their shareholdings, income and option holdings...

This paper examines the determinants of a firm adding a woman to its board of directors. Using panel data for a sample of large publicly held firms for the years 1990-1999, we find that the probability of adding a woman to a board in a given year is inversely related to the number of woman...

This paper estimates the determinants of the contributions made by top executives to their firm's Political Action Committee (PAC). We find that executive's personal PAC contributions (proxy for the interest of the firm) are positively related to their shareholdings, income and option holdings...

We analyze the effect of CEO tenure on the relation between firm performance and forced turnover. We find that the performance-forced turnover relation is conditional on CEO tenure. Our results suggest a constant negative relation between firm performance and forced turnover throughout an inside...

This paper investigates the rewards (or penalties) offered to outside directors that signal their decision making expertise to shareholders and labor markets by removing a poorly performing CEO. Using a sample of directors drawn from 40 firms experiencing forced CEO departures between 1982 and...

We document significant improvements in earnings and stock returns after CEO turnover. Compared to old CEOs, new CEOs derive more of their compensation from salary and bonus and option grants, but less from stock holdings. The sensitivity of pay to performance increases significantly after a...

This paper estimates the determinants of the contributions made by top executives to their firm's Political Action Committee (PAC). We find that executive's personal PAC contributions (proxy for the interest of the firm) are positively related to his shareholdings, income and option holdings...

We study the role of firms' credit histories in a business cycle model. Loans are dynamic contracts between banks and firms, and credit terminations are used as an incentive device. Banks deny future loans to an entrepreneur according to his credit histories in order to affect his choice of...

Understanding mobile customer experience and behavior is an important task for cellular service providers to improve the satisfaction of their customers. To that end, cellular service providers regularly measure the properties of their mobile network, such as signal strength, dropped calls, call...

This study examines the phenomenon of co-CEOs within publicly traded firms. Although shared executive leadership is not widespread, it occurs within some very prominent firms. We find that co-CEOs generally complement each other in terms of educational background or executive responsibilities....