Corporate governance and executive perquisites
نویسندگان
چکیده
منابع مشابه
Corporate Governance, Bank Mergers and Executive Compensation
Using a sample of US bank mergers from 1995 to 2012, we observe that the pre-post merger changes in CEO bonus are significantly negatively related to the strength of corporate governance within the bidding bank. This suggests that bonus compensation is not consistent with the “optimal contracting hypothesis”. Salary changes, on the other hand, are not affected by corporate governance but are po...
متن کاملCorporate Governance and Executive Compensation for Corporate Social Responsibility
We link the corporate governance literature in financial economics to the agency cost perspective of Corporate Social Responsibility (CSR) to derive theoretical predictions about the relationship between corporate governance and the existence of executive compensation incentives for CSR. We test our predictions using novel executive compensation contract data, and find that firms with more shar...
متن کاملCorporate Governance and Executive Pay: Evidence from Takeover Legislation
We examine the e ects of anti-takeover legislation on CEO pay. Since these laws altered an important component of governance, the threat of takeover, they provide a natural testing ground for theories of executive compensation. Under skimming models, where entrenched CEOs pay themselves, we would expect mean pay to rise as less governed CEOs manage to skim more. Under contracting models, where ...
متن کاملRelationship between Corporate Governance and Risk Management
Corporate governance of banks is one of the most important structures required by banks to maintain the health and stability of banks, which can play an important role in managing banks' risk. This paper examines the effect of corporate governance on liquidity risk management, credit risk management, and total bank risk management. We used board structure effectiveness, transparency, and respon...
متن کاملGlobal Corporate Governance Forum Corporate Governance and Development Stijn
This paper investigates the relationship between corporate governance and economic development and well-being. It finds that better corporate frameworks benefit firms through greater access to financing, lower cost of capital, better firm performance, and more favorable treatment of all stakeholders. Numerous studies agree that these channels operate not only at the level of the firms, but in s...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Review of Accounting and Finance
سال: 2017
ISSN: 1475-7702
DOI: 10.1108/raf-10-2014-0116