Research background: This paper focuses on the topic of reputation management. Reputation is a social construct. It based person’s opinion another person, thing, or organization. also highly dependent group interactions and socio-cultural environment. A good equated with high standing attributes credibility, honesty, reliability, responsibility, trust play major role here. applies to companies....

The aim of this paper is to study optimal riskand value-based management decisions regarding a non-life insurer’s investment strategy by maximizing shareholder value based on preference functions, while simultaneously controlling for the ruin probability. We thereby extend previous work by explicitly accounting for the policyholders’ willingness to pay depending on their risk sensitivity based ...

Article history: Received 10 October 2012 Received in revised form 14 October 2013 Accepted 23 March 2014 Available online 12 April 2014 We examine how an exogenous improvement in market efficiency, which allows the stock market to obtain more precise information about the firm's intrinsic value, affects the shareholder–manager contracting problem, managerial incentives, and shareholder value. ...

This study builds on structural elaboration theory by developing a model to explain the adoption of board structures that appear to conform to the prevailing institutional logic, but which in fact contradict it. We test our theory with the case of CEO-only board structures, a formal increase in board independence that prior research has shown to lead to greater CEO entrenchment rather than incr...

There has been widespread public debate over the effectiveness of corporate governance practices in firms. One of the main concerns is that CEOs take advantage of accounting discretion to misreport financial information and to extract excess compensation (rents) from shareholders. Thus, the connection between CEO compensation and financial misstatements has received considerable attention. Due ...