This article investigates how the job histories of CEOs influence their capital allocation decisions when they preside over multidivisional firms. I find that, after CEO turnover, divisions not previously affiliated with the new CEO receive significantly more capital expenditures than divisions through which the new CEO has advanced. The pattern of reverse-favoritism in capital allocation is mo...

A common view is that there is little correlation between Žrm performance and CEO pay. Using a new Žfteen-year panel data set of CEOs in the largest, publicly traded U. S. companies, we document a strong relationship between Žrm performance and CEO compensation. This relationship is generated almost entirely by changes in the value of CEO holdings of stock and stock options. In addition, we sho...

The questions addressed in this paper are whether and how reported mortality reminders can function as an indication of sincerity when communicating ambiguously motivated decisions. In two experiments, participants were exposed to a fictitious CEO who announced a decision to implement new organizational measures that were both environmentally and financially beneficial. In the experimental cond...

Although research on CEO compensation is voluminous, only limited attention has been paid to the role of industry. In this paper we develop an industry-level explanatory theory based on the concept of managerial discretion, and test it using a multi-level structural equation modeling approach at the industry level. In contrast to previous work, this theory offers an explanation of why, and how,...

BACKGROUND Metabolic syndrome (MetS) is associated with increased risks of diabetes and atherosclerotic cardiovascular disease. Whether central obesity (CeO) is a prerequisite for the diagnosis of MetS in the International Diabetes Federation (IDF) definition is a substantial issue because it may influence the clinical value of MetS for predicting subclinical atherosclerosis. METHODS We inves...

According to agency theory, the interests of shareholders are safeguarded only where different people occupying the two positions of the Chief Executive Officer (CEO) and the chairman of the board of directors. This implies that CEO duality (i.e. the CEO serves also as the board chairman) is negatively associated with corporate performance. However, empirical evidence is mixed with respect to t...

This paper examines the 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-forperformance sensitivity and risk-taking incentive. Pay-for-performance sensitivity is defined as the change in CEO wealth ...

Cerium-rich metal oxide materials have recently emerged as promising candidates for the photocatalytic oxygen evolution reaction (OER). In this article, we report the synthesis of ordered mesoporous CuO/CeO₂ composite frameworks with different contents of copper(II) oxide and demonstrate their activity for photocatalytic O₂ production via UV-Vis light-driven oxidation of water. Mesoporous CuO/C...

OBJECTIVE Explore professional relationships between Chief Nurse Executives (CNEs) and Chief Executive Officers (CEOs); CNE ethnic diversity; and CNE replacement costs. BACKGROUND Theoretical frameworks - Marilyn Ray's Theory of Bureaucratic Caring, and Turkel's Theory of Relational Complexity espousing economic as well as caring variables. METHODS Exploratory mixed-method descriptive desig...