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withdrawn by the principal. We introduce the manager's profitability index (MPI), which is invariant under changes in the cash …
Persistent link: https://www.econbiz.de/10011188505
Persistent link: https://www.econbiz.de/10012168657
In the empirical estimation of the relation between CEO pay and both firm and peer performance, researchers typically include conventional accounting-based measures that reflect firm performance net of executive pay expense. We analytically show that when firms evaluate CEO performance relative...
Persistent link: https://www.econbiz.de/10013218451
This study examines the effect of relative performance evaluation (RPE) on firm performance and risk-taking behavior. Agency theory suggests that RPE use in executive compensation plans improves risk sharing and strengthens incentive alignment when firm performance is exposed to common shocks. I...
Persistent link: https://www.econbiz.de/10012856079
class (weighted by book values) captures the project's economic profitability. Such a rate of return spans a space of …
Persistent link: https://www.econbiz.de/10013135472
Previous studies of the impact of M&A on performance have employed a range of measures of “profitability” or “rate of …
Persistent link: https://www.econbiz.de/10012835164
is incorporated within the broad definitions of just-in-time (JIT) and total quality management (TQM). Increased … profitability from implementation of these practices is generally assumed, yet empirical studies examining WCM practices and firm … profitability report mixed results. One reason suggested for the lack of reported improved firm performance is the deficiency of …
Persistent link: https://www.econbiz.de/10014075250
listed companies in the Chinese context. Financial performance is measured from two distinct aspects: (1) firm profitability …
Persistent link: https://www.econbiz.de/10012505649
measured using profitability ratios. Comparative analysis is carried out in detail per year and per SOE sector. Findings: This …
Persistent link: https://www.econbiz.de/10014372631