Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 10 of 10 for “"pay-for-performance sensitivity"”.
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The Struggle for Power and Pay: Implications of Board of Directors' Power on Monitoring Effectiveness and Pay for Performance Sensitivity
… outsiders' and insiders' power bases relate to pay-for-performance by proposing and empirically examining a multi-dimensional model of board power bases: ownership, prestige, and structural. I argue that board structural and composition characteristics can be used as proxy indicators of board …
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THE IMPACT OF INTERNAL REVENUE CODE SECTION 162(M) ON PAY FOR PERFORMANCE: A REEXAMINATION
… income tax deduction at $ 1 million per year for amounts paid to each of its top five executives, on CEO compensation level, CEO compensation structure and pay for performance sensitivity. I find that the average level of CEO salary decreased after the implementation of Section 162(m) and that …
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Maintaining optimal CEO incentives through equity grants and CEO portfolio rebalancing
… joint hypotheses that firms set optimal levels for CEO incentives, and that firms and CEOs jointly correct deviations from these optimal levels through equity grants and CEO portfolio rebalancing. I investigate two equity-based CEO incentives, pay-for-performance sensitivity and risk-taking …
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Corporate Governance and Strategic Behavior: A Study of Acquisitions and CEO Compensation Practices of Publicly-Owned and Family-Controlled Firms in S&P 500
… of competitive advantage that can generate rents for the firm (Gottschlag and Zollo, 2007). Drawing on agency theory, this dissertation tests whether the interest alignment premise manifests itself differently in the strategic behavior of family-controlled firms when compared to their nonfamily …
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Two Essays in Financial Economics
… (REIT) industry. The REIT industry is suitable for this investigation for various reasons; primarily being that the REIT sample represents a relatively clean sample to study the effects of diversification and hedging on compensations. I find a positive and significant relationship between the …
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Managerial ability and the valuation of executive stock options
… we develop a model in which managers can exert effort and alter the distribution of the returns from the firm’s investments. We find that when executives choose their optimal effort, the values of their options are much higher than generally thought and potentially higher than the market values of …
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Managerial risk-taking incentives and state economic growth
… future state economic growth, after controlling for the effect of aggregate pay-for-performance sensitivity. This result is robust to a battery of tests conducted to address concerns related to correlated omitted variables, reverse causality, and measurement errors. Consistent with the theory …
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Three essays on corporate acquisitions, bidders' liquidity, and monitoring
… liquidity. I find that liquidity improves for bidders that complete the takeovers but remains unchanged or decreases for unsuccessful bidders. Takeovers of public firms result in similar liquidity improvements as do takeovers of private firms. Takeovers that use stock as the method of …
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EXECUTIVE COMPENSATION RESTRICTIONS AND SHAREHOLDER WEALTH MAXIMIZATION DURING THE FINANCIAL CRISIS: EMPIRICAL EVIDENCE FROM U.S. BAILED-OUT COMPANIES
… the regulatory period and their effect on the performance of firms that received Troubled Asset Relief Program (TARP) funds. TARP is a U.S. government program intended to restore the U.S. economy by purchasing assets and equities from troubled institutions. This study is important since it …
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Bank CEO Compensation, Bank Risks and the Financial Crisis Effect
… portfolio, off-balance sheet and (accounting) foreign exchange risks, from 2003 to 2006. These trends largely reversed during 2007 to 2009. During the 2007/9 financial crisis, banks experienced significant structural shifts in all risk indicators (except for capital and foreign exchange risks) …