Results 251 to 260 of about 310,817 (309)

CEO power and the structure of CEO pay

International Review of Financial Analysis, 2014
Abstract This paper fleshes out the rent extraction view of CEO compensation put forward by the managerial power theory (Bebchuk, Fried, & Walker, 2002), and tests its main implications on the relation between CEO power and the structure of CEO pay. For a measure of CEO power most relevant to managerial power theory, we use the CEO pay slice due to ...
Chongwoo Choe, Xiangkang Yin
exaly   +2 more sources

Mergers and CEO Power [PDF]

open access: possibleSSRN Electronic Journal, 2006
I propose a model of mergers in which synergies and CEO power play a crucial role. A merger is modeled as a bargaining game between the acquiring and the target board of directors, with the gains from a merger divided according to the generalized Nash bargaining solution.
openaire   +1 more source

CEOs and the Product Market: When are Powerful CEOs Beneficial?

SSRN Electronic Journal, 2014
We examine whether industry product market conditions are important in assessing the benefits and costs of chief executive officer (CEO) power. We find that firms are more likely to have powerful CEOs in high demand product markets where firms are facing entry threats.
Minwen Li, Yao Lu, Gordon M. Phillips
openaire   +1 more source

CEO Power and Luck: Impact of Stock Markets on Building Powerful CEOs

SSRN Electronic Journal, 2020
The optimal view of managerial power theory suggests that corporate boards reward CEOs with power for good firm performance as the boards' assessment of their ability is higher. In evaluating the CEO's quality, economic theory predicts that boards filter out luck from performance.
openaire   +1 more source

Powerful CEOs and their Impact on Corporate Performance

SSRN Electronic Journal, 2003
Executives can only impact firm outcomes if they have influence over crucial decisions. On the basis of this idea, we develop and test the hypothesis that firms whose CEOs have more decision-making power should experience more variability in performance.
Adams, Renee B.   +2 more
openaire   +4 more sources

Home - About - Disclaimer - Privacy