CEO
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Firms’ Rationales for CEO Duality: Evidence from a Mandatory Disclosure Regulation
CEO duality – the practice of combining the roles of the CEO and chairman of the board – has been the topic of one of the longest debates
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The Real Cost of CEO Compensation: The Effect of Behindness Aversion of Employees
Rising executive compensation has been subject of fierce public debates over the last decades.
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Takeovers and (Excess) CEO Compensation
We study if a CEO’s equity-based compensation affects the expected value generation in takeovers.
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Investing in Managerial Honesty
Two laboratory experiments show that investors perceive a CEO to be more committed to honesty when the CEO resisted, at a personal cost,
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Executive Compensation: A Survey of Theory and Evidence
This paper reviews the theoretical and empirical literature on executive compensation.
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What is the Shareholder Wealth Impact of Target CEO Retention in Private Equity Deals?
There is considerable concern about the conflict of interest between the CEO and the shareholders when a firm is a target for an acquisit
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Governance and Stakeholders
Economic models routinely assume firms maximize shareholder value; but common law legal systems only require that officers and directors
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