This study examines the effects of governance mechanisms on CEO dismissal in different corporate cultures: manipulative (firms sued for financial misreporting) versus normal (non-sued firms). The findings show that, following the discovery of wrongdoings, “seemingly independent” boards are less effective in replacing the CEOs, whereas banks and blockholders increase the likelihood and lead to m...

This paper extends the investigation of the effect of managerial motives on hedging policy. I utilize a proxy variable that incorporates CEO incentives to increase risk relative to incentives to increase stock price. The variable is directly measured using observed characteristics of CEO portfolios of stock and option holdings. Furthermore, CEO risk-taking incentives are modeled as a choice var...

This paper studies a class of source coding problems that combines elements of the CEO problem with the multiple description problem. In this setting, noisy versions of one remote source are observed by two nodes with encoders (which is similar to the CEO problem). However, it differs from the CEO problem in that each node must generate multiple descriptions of the source. This problem is of in...

In response to the corporate scandals in 2001-2002, the major U.S. exchanges came up with new regulations which are intended to enhance board oversight. We use this regulation event to shed light on the effect of board oversight on CEO compensation. We find that firms that were not complying with these regulations decreased their CEO compensation by between 20%-25% upon compliance, compared to ...

In this paper, we propose an efficient coding scheme for the two-link binary Chief Executive Officer (CEO) problem under logarithmic loss criterion. The exact rate-distortion bound for a two-link binary CEO problem under the logarithmic loss has been obtained by Courtade and Weissman. We propose an encoding scheme based on compound LDGM-LDPC codes to achieve the theoretical bounds. In the propo...

We examine the effect of aggregate measures of CEO and consumer confidence on firm financing and investment. We find that capital expenditure, merger activity, and financing activity all increase with CEO and consumer confidence. However, while CEO confidence positively predicts future sales growth and return on assets, consumer confidence is negatively related to these performance measures as ...

Using comprehensive data on 28 cohorts in Sweden, we analyze CEO health and its determinants outcomes. We find CEOs are much better than the population par with other high-skill professionals. These results apply particular to mental of larger companies. explore three mechanisms that can account for CEOs’ robust health. First, predicts appointment a position. Second, position has no discernible...

This paper investigates the impact of social ties on the effectiveness of boards of directors. When the CEO and a number of directors belong to the same social networks, the CEO is less likely to be dismissed for poor performance. The results are robust to different measures of performance and networks, consistent after controlling for CEO ability, and not due to connected boards’ superior info...

Ambient Assisted Living applications are deployed in smart environments that provide some basic services, a typical example being user localization. AAL applications generally have low accuracy requirements for indoor localization; this opens the opportunity for parasitizing the existing smart environment infrastructure without adding dedicated positioning sensors. In this scenario, one can exp...

Cumulus cells (CC) surround the oocyte and are coupled metabolically through regulation of nutrient intake. CC removal before in vitro maturation (IVM) decreases bovine oocyte developmental competence without affecting nuclear meiotic maturation. The objective was to investigate the influence of CC on oocyte cytoplasmic maturation in relation to energy metabolism. IVM with either cumulus-enclos...