Security images are often used as part of the login process on internet banking websites, under the theory that they can help foil phishing attacks. Previous studies, however, have yielded inconsistent results about users’ ability to notice that a security image is missing and their willingness to log in even when the expected security image is absent. This paper describes an online study of 48...

Purpose This study aims to examine the impact of executive bonus compensation on a firm’s financial leverage policy and extent which this compensation–leverage relation is moderated by firm growth ownership. Design/methodology/approach Using data from 213 non-financial non-utility UK FTSE 350 firms for period 2007–2015, generating total 1,784 firm-year observations, panel econometric methods ar...

BACKGROUND The aim was to describe a strategy for recruitment of healthy volunteers (HV) to a randomized trial that assessed the efficacy of different telephone techniques to assist HV in performing cardiac massage for vital emergency. Participation in the randomized trial was not financially compensated, however HV were offered emergency first-aid training. We also studied factors associated w...

Recent litigation against the major tobacco companies culminated in a master settlement agreement (MSA) under which the participating companies agreed to compensate most states for Medicaid expenses. Here the terms of the settlement are outlined and its economic implications analyzed using data from Massachusetts. The financial compensation to Massachusetts (and other states) under the MSA is s...

We examine the effect of compensation consultants on CEO pay. Using a sample of 292 firms in 2006 randomly selected from ExecuComp, we find that compensation consultants are associated with higher salaries, consistent with the hypothesis that consultants help boards of directors justify excessive CEO pay. However, we also find that the use of a consultant is associated with lower bonuses and to...

BACKGROUND Involvement in a compensation process following a motor vehicle collision is consistently associated with worse health status but the reasons underlying this are unclear. Some compensation systems are hypothesised to be more stressful than others. In particular, fault-based compensation systems are considered to be more adversarial than no-fault systems and associated with poorer rec...

This paper tests for changes in firms' production and pricing decisions in four industries in which firms have sharply increased their financial leverage. The analysis of product price and quantity data show that industry product market decisions are associated with capital structure. In three industries, output is negatively associated with the average industry debt ratio. In the one industry ...

The Neglected Tropical Disease Voucher Program is a Congressionally-mandated program intended to promote approval of products for tropical diseases because it provides spectacular financial compensation consequent to FDA approval of a priority product. Three drug approvals-artemether/lumifantrine for malaria, bedaquiline for multidrug resistant tuberculosis, miltefosine for leishmaniasis-have r...

The objective of this paper is to present and discuss the results of a link mining algorithm called CorpInterlock that integrates the metrics of an extended corporate interlock (social network of directors and financial analysts) with corporate fundamental variables and analysts’ predictions (consensus) in order to forecast the trend of the cumulative abnormal return and earnings surprise using...

A firm is subject to accident risk, which the manager can mitigate by exerting effort. An agency problem arises because effort is unobservable and the manager has limited liability. The occurrence of accidents is modelled as a Poisson process, whose intensity is controlled by the manager. We use martingale techniques to formulate the manager’s incentive compatibility constraints and to study th...