Extant research finds inconclusive evidence about the CEO horizon problem. One possible explanation is that board of directors, especially compensation committees, intervene to mitigate the CEO horizon problem. In this study, we examine whether the characteristics of board of directors and compensation committee affect their effectiveness in mitigating the CEO horizon problem. We find that retiring CEOs are more likely to reduce R&D expenditures when CEOs have more power, and director tenure is longer; retiring CEOs in firms with large board of directors and compensation committee are less likely to manage accruals
Prior studies have found that stock-based compensation is positively related to financial statements...
Research Question/Issue: Do CEO outside board directorships improve or reduce CEO managerial efficie...
In many advanced countries, most outside directors are executives, active or retired, at other firms...
Extant research finds inconclusive evidence about the CEO horizon problem. One possible explanation ...
Extant research finds inconclusive evidence about the CEO horizon problem. One possible explanation ...
Extant research finds inconclusive evidence about the CEO horizon problem. One possibility is that c...
Purpose: This study aims to examine whether compensation committees dominated by co-opted directors ...
Extant research finds inconclusive evidence about the CEO horizon problem. One possibility is that c...
This paper provides evidence on a previously unidentified source of managerial incentives: concerns ...
Agency costs are said to arise as a result of the separation of ownership from control inherent in t...
The incentive to manipulate earnings to enhance earnings-based compensation increases in managers ’ ...
To handle growing complexity, board committees have become increasingly important in today’s busines...
We identify factors that lead to changes among corporate directors. We hypothesize that the CEO succ...
Prior studies have found that stock-based compensation is positively related to financial statements...
Research Question/Issue: Do CEO outside board directorships improve or reduce CEO managerial efficie...
In many advanced countries, most outside directors are executives, active or retired, at other firms...
Extant research finds inconclusive evidence about the CEO horizon problem. One possible explanation ...
Extant research finds inconclusive evidence about the CEO horizon problem. One possible explanation ...
Extant research finds inconclusive evidence about the CEO horizon problem. One possibility is that c...
Purpose: This study aims to examine whether compensation committees dominated by co-opted directors ...
Extant research finds inconclusive evidence about the CEO horizon problem. One possibility is that c...
This paper provides evidence on a previously unidentified source of managerial incentives: concerns ...
Agency costs are said to arise as a result of the separation of ownership from control inherent in t...
The incentive to manipulate earnings to enhance earnings-based compensation increases in managers ’ ...
To handle growing complexity, board committees have become increasingly important in today’s busines...
We identify factors that lead to changes among corporate directors. We hypothesize that the CEO succ...
Prior studies have found that stock-based compensation is positively related to financial statements...
Research Question/Issue: Do CEO outside board directorships improve or reduce CEO managerial efficie...
In many advanced countries, most outside directors are executives, active or retired, at other firms...