We examine corporate financial and investment decisions made by female executives compared with male executives. Male executives undertake more acquisitions and issue debt more often than female executives. Further, acquisitions made by firms with male executives have announcement returns approximately 2% lower than those made by female executive firms, and debt issues also have lower announcem...

It is widely believed that executives value stock options at less than market or Black-ScholesMerton values. This belief is contingent, however, on a subtle assumption that executives are, like shareholders, price takers with no ability to influence the underlying stock. But executives clearly have the ability to influence the stock, as that is the principal reason why they are granted the opti...

© 2009 The Authors. Journal compilation © 2009 Blackwell Publishing Ltd. Gernsbacher, M.A., & Faust, M.E. (1991). The mechanism of suppression: a component of general comprehension skill. Journal of Experimental Psychology , 17 , 245–262. Karmiloff-Smith, A. (1979). Microand macrodevelopmental changes in language acquisition and other representational systems. Cognitive Science: A Multidiscipli...

Our review of the evidence found that the notion that higher pay leads to the selection of better executives is undermined by the prevalence of poor recruiting methods. Moreover, higher pay fails to promote better performance. Instead, it undermines the intrinsic motivation of executives, inhibits their learning, leads them to ignore other stakeholders, and discourages them from considering the...

In this study, we focus on the impact of senior executives' industry backgrounds on the amount of capital raised in the stock market. The primary contribution of the study entails applying the upper echelon theory to the initial public offering (IPO) phenomenon. Specifically, we hypothesize that the industry backgrounds of corporate executives affect the amount of capital that the firm raised i...

This chapter explores the relationship between two components of our healthcare system: physicians, representing all providers of direct care, and hospital executives, referring to those with administrative responsibilities, regulatory obligations, and resource control. Currently, there is a wide gulf, or gap, representing an adversarial interaction. Over the past 50 years, there have been dram...