Search Results - subject_exact:"Golden parachute"

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Too many mergers? : the golden parachute as a driver of M&A activity in the 21st century

Gordon, Jeffrey N. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614525

Mandatory notice of layoff, job search, and efficiency

Cederlöf, Jonas; Fredriksson, Peter; Nekoei, Arash; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015359029

Do firms gain from managerial overconfidence? : managerial bargaining power and the role of severance pay

Graziano, Clara; Luporini, Annalisa - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015460463

Compensating displaced workers : job displacement is a serious earnings risk and the displaced are typically poorly insured

Parsons, Donald O. - 2024

Job displacement is a serious earnings risk to long-tenured workers, both through spells of unemployment and through reduced wages on subsequent jobs. Less developed countries often rely exclusively on government mandated employer-provided severance pay to protect displaced workers. Higher...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015062334

Severance pay in an optimal contract

Grochulski, Borys; Wong, Russell; Zhang, Yuzhe - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015403450

Job security and liquid wealth

Figueiredo, Ana; Marie, Olivier; Markiewicz, Agnieszka - 2024

We study changes in job security after displacement and exploit eligibility rules for lump-sum payments in the Netherlands to investigate the role of liquid wealth. Within five years of job loss, the likelihood of being in permanent employment remains 12% lower for displaced workers. Those...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014463162

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Job security and liquid wealth

Figueiredo, Ana; Marie, Olivier; Markiewicz, Agnieszka - 2023

Book / Working Paper

Information, incentives, and CEO replacement

Meng, Xiaojing - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014496175

Tenure-Dependent Severance Costs and Labor Market Dynamics over the Life Cycle

Figueirêdo, Calebe; Francis, Neville - 2026

We study the labor market effects of tenure-dependent severance pay systems that tie firing costs to workers' accumulated earnings histories. We develop an overlapping-generations search-and-matching model in which firms face increasing separation costs over the employment relationship. Using...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015593778

How should job displacement wage losses be insured? : wage losses upon re-employment can seriously harm long-tenured displaced workers if they are not properly insured

Parsons, Donald O. - 2023

There is growing agreement among parents in high-income countries that having a working mother does not harm a preschool child. Yet, research is ongoing on what the long-term effects on children are of being looked after at home (primarily by their mothers) or in childcare. Most studies find...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015062254

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How should job displacement wage losses be insured? : wage losses upon re-employment can seriously harm long-tenured displaced workers if they are not properly insured

Parsons, Donald O. - 2018

Book / Working Paper

Shareholder voting on golden parachutes : effective governance or too little too late?

Gillan, Stuart L.; Nguyen Nga - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015127447

Workers' job mobility in response to severance pay generosity

Garcia-Louzao, Jose - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013397588

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Workers' job mobility in response to severance pay generosity

Garcia-Louzao, Jose - 2020

Book / Working Paper

Workers' Job Mobility in Response to Severance Pay Generosity

Garcia-Louzao, Jose - 2023

Book / Working Paper

Arranging golden goodbyes for executive exits : a review and agenda for severance pay

Callahan, Conor - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014578338

Do firms gain from managerial overconfidence? : the role of severance pay

Graziano, Clara; Luporini, Annalisa - 2022

We analyze the effects of optimism and overconfidence when the manager's compensation package includes severance pay and the CEO has bargaining power. We find that optimism does not affect incentive pay but increases severance pay with a negative effect on profit. Overconfidence, on the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013255972

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Do Firms Gain from Managerial Overconfidence? The Role of Severance Pay

Graziano, Clara; Luporini, Annalisa - 2022

Book / Working Paper

Do Firms Gain from Managerial Overconfidence? The Role of Severance Pay

Graziano, Clara; Luporini, Annalisa - 2022

Book / Working Paper

The motivation and consequences of Golden Parachute provisions : a case study of TBEA Co., Ltd.

Huo, Zheng; Zhang, Junsheng; Huang, Mingming - 2021

The paper examines the motivation and consequences of Golden Parachute (GP) contracts in the context of TBEA, a Chinese company whose GP payment was 1,000 times executive annual salary and which rescinded its GP provision in 2019. We find that for TBEA, whose ownership is dispersed,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012799020

CEO contractual protection and debt contracting

Chen, Xia; Cheng, Qiang; Lo, Alvis K.; Wang, Xin - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014443312

Are settlements in patent litigation collusive? : evidence from paragraph IV challenges

Helland, Eric; Seabury, Seth A. - 2016

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011476934

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Are Settlements in Patent Litigation Collusive? Evidence from Paragraph IV Challenges

Helland, Eric; Seabury, Seth A. - 2022

Book / Working Paper

Are Settlements in Patent Litigation Collusive? Evidence from Paragraph IV Challenges

Helland, Eric - 2016

Book / Working Paper

Are Settlements in Patent Litigation Collusive? Evidence from Paragraph IV Challenges

Helland, Eric - 2016

Book / Working Paper

Are Settlements in Patent Litigation Collusive? Evidence from Paragraph IV Challenges

Helland, Eric - 2016

Book / Working Paper

Does ex ante severance pay affect the timeliness of bad news disclosure? : the role of managerial exit costs

Akamah, Herita; Brockbank, Bryan; Shu, Sydney Qing - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013175316

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Does Ex Ante Severance Pay Affect the Timeliness of Bad News Disclosure? The Role of Managerial Exit Costs

Akamah, Herita T. - 2020

Book / Working Paper

Do Golden Parachutes Spur Innovation in Concentrated-Ownership Corporations

Wang, Ke; Pownall, Rachel A.J; Xia, Cong; Tang, Xiaorui - 2021

This paper provides highly significant evidence that golden parachutes spur innovation in concentrated-ownership corporations and State-Owned-Enterprises (SOEs). Taking advantage of China's institutional features, we find that golden parachutes lead to higher levels of innovation quantity and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013242746

Minding the ($ 500,000) gap : accounting for the gender-driven gap in executive severance agreements

Medeiros, Kelsey E.; Griffith, Jennifer A.; Shipe, … - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013438780

Pensions as severance pay

Lazear, Edward P. - 1982

Persistent link: https://ebvufind01.dmz1.zbw.eu/10002353430

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Pensions as Severance Pay

Lazear, Edward P. - 2021

Book / Working Paper

Pensions as Severance Pay

Lazear, Edward P. - 1982

Book / Working Paper

Employment Protection Legislation and Wages

Leonardi, Marco; Pica, Giovanni - 2021

In a perfect labor market severance payments can have no real effects as they can be undone by a properly designed labor contract (Lazear 1990). We give empirical content to this proposition by estimating the effects of EPL on entry wages and on the tenure-wage profile in a quasi-experimental...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013316954

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Employment Protection Legislation and Wages

Leonardi, Marco; Pica, Giovanni - 2021

Book / Working Paper

Managerial replacement strategies and severance pay

Brown, Kareen; Pacharn, Parunchana; Patterson, Evelyn - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013365548

Labor market policies, informality and misallocation

Jha, Priyaranjan; Hasan, Rana - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013332442

Labor Retrenchment Laws and Their Effect on Wages and Employment : A Theoretical Investigation

Basu, Kaushik; Fields, Gary S.; Debgupta, Shub - 2021

Many countries have legislation which make it costly for firms to dismiss or retrench workers. In the case of India, the Industrial Disputes Act, 1947, requires firms that employ 50 or more workers to pay a compensation to any worker who is to be retrenched. This paper builds a theoretical model...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013317121

Optimal severance pay under different contractual regimes

Kerndler, Martin - 2018

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012392640

Insuring Displaced Workers : Human Capital Losses and Severance Pay Design

Feng, Shuaizhang; Parsons, Donald O. - 2021

Displaced workers, especially long tenured workers, face large human capital losses. Private firms frequently offer insurance against this threat in the form of severance pay - scheduled benefits linked in expectation to the worker's human capital loss. We explore this linkage, first reviewing...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013317502

Dual employment protection and (lack of) on-the-job training : PIAAC evidence for Spain and other European countries

Cabrales, Antonio; Dolado, Juan J.; Mora, Ricardo - 2017

Using micro data from the Programme for the International Assessment of Adult Competencies (PIAAC), we first document how having a temporary contract in Spain is associated to lower levels of on-the-job training (OJT). Next, we find that this OJT gap is positively correlated with gaps in the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011863180

Earnings-related severance pay

Goerke, Laszlo - 2006

Persistent link: https://ebvufind01.dmz1.zbw.eu/10003393629

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Earnings-related severance pay

Goerke, Laszlo - 2006

Book / Working Paper

Earnings-Related Severance Pay

Goerke, Laszlo - 2021

Book / Working Paper

Job displacement insurance and (the lack of) consumption-smoothing

Gerard, François; Naritomi, Joana - 2021

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012436840

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Job displacement insurance and (the lack of) consumption-smoothing

Gerard, François; Naritomi, Joana - 2019

Book / Working Paper

Job displacement insurance and (the lack of) consumption-smoothing

Gerard, François; Naritomi, Joana - 2019

Book / Working Paper

Job Displacement Insurance and (the Lack of) Consumption-Smoothing

Gerard, François - 2019

Book / Working Paper

Job Displacement Insurance and (the Lack of) Consumption-Smoothing

Gerard, François - 2019

Book / Working Paper

Job Displacement Insurance and (the Lack of) Consumption-Smoothing

Gerard, François - 2019

Book / Working Paper

Severance Pay and Corporate Finance : Empirical Evidence from a Panel of Austrian and Italian Firms

Cardinale, Mirko; Orszag, Jonathan Michael - 2021

This paper examines the empirical link between severance pay and corporate finance. Severance pay is an economic debt of the employer and hence should be taken into account by the market in its assessments of risk. Using a hand collected dataset of accounting data from Italy and Austria we find...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013318930

Legal Restrictions on Buyout Fees : Theory and Evidence from German Soccer

Feess, Eberhard; Frick, Bernd; Mühlheußer, Gerd - 2021

We perform a theoretical and empirical analysis of the impact of transfer fee regulations on professional soccer in Europe. Based on a model of the interaction of moral hazard and heterogeneity, we show (i) how the regulations effect contract durations and wages, (ii) that contracting parties...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013319202

Labor market policies in a dual economy

Esteban-Pretel, Julen; Kitao, Sagiri - 2021

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012627649

Do entry wages increase when severance pay drops? : not in recessions

Martins, Pedro S. - 2021

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012607084

What Have We Learned About the Employment Effects of Severance Pay? Further Iterations of Lazear Et Al

Addison, John T.; Teixeira, Paulino - 2021

In this study we examine the contribution of severance pay to employment and unemployment development using data on industrialized OECD countries. Our starting point is Lazear's (1990) empirical dictum that severance payment requirements adversely impact the labor market. We extend his sample...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013319624

Severance payments for dismissed employees in Germany

Grund, Christian - 2006

Persistent link: https://ebvufind01.dmz1.zbw.eu/10003346966

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Severance Payments for Dismissed Employees in Germany

Grund, Christian - 2021

Book / Working Paper

The role of works councils in severance payments for dismissed employees

Grund, Christian; Martin, Johannes - 2021

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012483925

From severance pay to self-insurance : effects of severance payments savings accounts in Colombia

Kugler, Adriana D. - 2002

Persistent link: https://ebvufind01.dmz1.zbw.eu/10001663193

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From severance pay to self-insurance : effects of severance payments savings accounts in Colombia

Kugler, Adriana D. - 2002

Book / Working Paper

From severance pay to self-insurance : effects of severance payments savings accounts in Colombia

Kugler, Adriana D. - 2002

Book / Working Paper

From Severance Pay to Self-Insurance : Effects of Severance Payments Savings Accounts in Colombia

Kugler, Adriana D. - 2021

Book / Working Paper

From Severance Pay to Self-Insurance : Effects of Severance Payments Savings Accounts in Colombia

Kugler, Adriana D. - 2002

Book / Working Paper

CEO gender-based termination concerns : evidence from initial severance agreements

Klein, Felice B.; Chaigneau, Pierre; Devers, Cynthia E. - 2021

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012485756

Transfer Fee Regulations in European Football

Mühlheußer, Gerd; Feess, Eberhard - 2021

We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort incentives in European football. The different regimes, being used until 1995 (Pre-Bosman; or P), currently in use (Bosman; or B), and recently approved (Monti; or M) differ with...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013320665

Der unterlassene Aktienkauf als Argument für die Abfindung des Minderheitsaktionärs zum Börsenkurs? Ein Widerspruch : Replik zu Schwetzler, in: FS Großfeld 2019, S. 401-415

Rapp, David; Follert, Florian; Maas, Alexander - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012157995

Verkehrswert und Börsenkurs als angemessene Abfindung in Squeeze-outs : Stellungnahme zu Rapp/Follert/Maas, CF 2020 S. 46-47

Schwetzler, Bernhard - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012157997

Redundancy pay and collective dismissals

Goerke, Laszlo - 2003

Persistent link: https://ebvufind01.dmz1.zbw.eu/10001732585

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Redundancy pay and collective dismissals

Goerke, Laszlo - 2001

Book / Working Paper

Redundancy pay and collective dismissals

Goerke, Laszlo - 2001

Book / Working Paper

Redundancy Pay and Collective Dismissals

Goerke, Laszlo - 2021

Book / Working Paper

Pay to quit and team incentives

Au, Pak Hung - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012234413

Redundancy Payments, Incomplete Labor Contracts, Unemployment and Welfare

Cahuc, Pierre; Zylberberg, André - 2021

It is frequently argued that pure government-mandated severance transfers by the employer to the worker have neither employment nor welfare effect because they can be offset by private transfers from the worker to the employer. In this paper, using a dynamic search and matching model a la...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013321337

CEO severance pay and corporate tax planning

Campbell, John L.; Guan, Xinjiao; Li, Oliver Zhen; … - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012494148

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CEO Severance Pay and Corporate Tax Planning

Campbell, John L. - 2019

Book / Working Paper

Entwicklungen der Vorstandsabfindungen von 2010 bis 2019

Schottmüller-Einwag, Ute; Dilger, Alexander - 2021

Dieser Beitrag untersucht die Entwicklung der Akzeptanz der Empfehlung G.13 Satz 1 des Deutschen Corporate Governance Kodex (in der Fassung vom 16. Dezember 2019, vormals 4.2.3 Abs. 4 Satz 1), die für vorzeitige Vertragsbeendigungen von Vorstandsmitgliedern Abfindungsobergrenzen vorsieht. Die...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012548171

Labor-market frictions, incomplete insurance and severance payments

Lalé, Etienne - 2019

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012229454

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Labor-market frictions, incomplete insurance and severance payments

Lalé, Etienne - 2018

Book / Working Paper

Labor-market Frictions, Incomplete Insurance and Severance Payments

Lalé, Etienne - 2019

Book / Working Paper

Introducing individual savings accounts for severance pay in Spain : An ex-ante assessment of the distributional effects

Hijzen, Alexander - 2021

This report provides an ex ante assessment of the distributional effects of introducing portable severance pay accounts in Spain based on micro-simulations. In the current system, permanent workers who are dismissed from their job are entitled to 20 days of severance pay per year of service,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012512077

Transfer fees in professional soccer

Chamberlain, Trevor W.; Gardette, Nicolas - 2019

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012234321

The effect of wealth on worker productivity

Eeckhout, Jan; Sepahsalari, Alireza - 2021

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012619441

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The effect of wealth on worker productivity

Eeckhout, Jan; Sepahsalari, Alireza - 2020

Book / Working Paper