Inside the Family Firm: The Role of Families in Succession Decisions and Performance
This paper uses a unique dataset from Denmark to investigate the impact of family characteristics in corporate decision making and the consequences of...
Read moreThis paper uses a unique dataset from Denmark to investigate the impact of family characteristics in corporate decision making and the consequences of...
Read moreEconomic models routinely assume firms maximize shareholder wealth; however common law legal systems only require that officers and directors pursue...
Read moreWe empirically examine bank CEOs’ compensation. We find that bank CEOs (a) are paid less than their nonfinancial counterparts, an effect driven...
Read moreThe most important phenomenon in the corporate world today is the swift and dramatic rise of the Environmental, Social, and Governance (“ESG”)...
Read moreWe study changes in the number of CEO stock option grants. Despite some evidence of short-term rigidity, the number of options granted changes...
Read moreWe estimate the pay premium associated with CEO incentive compensation. Using explicit detailed U.S. CEO compensation contract data and simulation...
Read moreWe study the market for CEOs of large publicly-traded US firms, analyze new CEOs’ prior connections to the hiring firm, and explore how hiring choices...
Read moreWe show that pay is higher for CEOs with general managerial skills gathered during lifetime work experience. We use CEOs’ résumés of S&P 1,500...
Read moreThis paper analyzes the reputational effects of forced CEO turnovers on outside directors. We find that directors interlocked to a forced CEO turnover...
Read moreWhat makes a CEO? Our study combines a near-exhaustive sample of CEOs of Swedish companies with data on their cognitive and non-cognitive ability and...
Read moreThis article surveys the recent literature on boards of directors and the interplay between director incentives and CEO incentives. The primary focus...
Read moreUsing a proprietary dataset, we study whether CEO political ideology affected how S&P 500 firms reacted to the Covid-19 pandemic. ...
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