CEO

Working Paper

What does earnings management signal? The role of managerial honesty in investment decisions

Accounting earnings management elicits varying reactions: To some observers, it signals low managerial honesty. To others, it indicates that firm managers are sharing private information. Accordingly, different investors may respond differently...Read more

Alexander Wagner
Rajna Gibson Brandon
Matthias Sohn
Carmen Tanner
20 July 2017

The Real Cost of CEO Compensation: The Effect of Behindness Aversion of Employees

Do employees who compare themselves to the CEO matter for executive compensation? We hypothesize employees who are behindness averse and compare their wage to the CEO’s pay. Using German establishment-level wage data, we indeed show that employee...Read more

Ingolf Dittmann
Christoph Schneider
Yuhao Zhu
17 April 2018

The Politics of CEOs

This article studies the political preferences of chief executive officers (CEOs) of public companies. We use Federal Election Commission records to compile a comprehensive database of the political contributions made by more than 3800...Read more

Alma Cohen
Moshe Hazan
Roberto Tallarita
David Weiss
14 May 2019

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