Managerial Incentives And Corporate Governance
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Managerial Incentives And Corporate Governance
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Author : Musbau Kolawole Kayode
language : de
Publisher:
Release Date : 2015-09-10
Managerial Incentives And Corporate Governance written by Musbau Kolawole Kayode and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-10 with categories.
Research paper from the year 2015 in the subject Business economics - Accounting and Taxes, grade: A, Atlantic International University (SCHOOL OF BUSINESS AND ECONOMICS), language: English, abstract: Corporate governance involves different checks and balances with the ability to influence the incentives and monitoring of a firm's management. Sound corporate governance is predominantly essential when a firm's management is different from its ownership. Randall (2009) argued that in the absence of appropriate corporate governance, managers who are separate from a company's ownership may not be incentivized to work hard towards achieving shareholders' goal of maximizing profits. Instead, non-owner managers might end up lavishly spending money and other resources in ways that directly benefits themselves, for example on perks, and living an expensive life. Surprisingly, some other managers may be tempted to spend firm's money to accumulate personal wealth through frauds or theft.
Capital Structure Managerial Incentives And Corporate Governance
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Author : Christian M. Pfeil
language : en
Publisher:
Release Date : 1999
Capital Structure Managerial Incentives And Corporate Governance written by Christian M. Pfeil and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
Managerial Incentives Capital Structure And Corporate Governance
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Author : Xinping Li
language : en
Publisher:
Release Date : 2008
Managerial Incentives Capital Structure And Corporate Governance written by Xinping Li and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Symposium On Managerial Incentives And Corporate Performance Effects Of Executive Compensation Organzational Structure Takeovers And Government Policy
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Author : Ray Ball
language : en
Publisher:
Release Date : 1993
Symposium On Managerial Incentives And Corporate Performance Effects Of Executive Compensation Organzational Structure Takeovers And Government Policy written by Ray Ball and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.
The Role Of Managerial Incentive And Corporate Governance In Asset Restructuring
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Author : Chinmoy Ghosh
language : en
Publisher:
Release Date : 2016
The Role Of Managerial Incentive And Corporate Governance In Asset Restructuring written by Chinmoy Ghosh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
We investigate the effect of corporate governance on equity carve-out decisions during the period of 1990 to 2014. Consistent with the notion that managerial incentives drive corporate decisions, we find that firms where the CEO and management have larger stock ownership are more likely to carve-out their subsidiaries. Larger firms with prior poor performance are also more likely to carve-out their divisions. Among equity carve-out parents, larger firms with higher profitability, higher managerial ownership and CEO incentive-based compensation tend to retain higher portions of their subsidiaries. We finally demonstrate that for wealth-enhancing strategic decisions such as equity carve-outs CEO tenure and classified board are negatively related to value, while outsider dominated boards are perceived positively by the investors. Our results offer new insights on the role of managerial incentive and corporate governance in asset restructuring.
Essays On Corporate Governance And Managerial Incentives
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Author : Hae Jin Chung
language : en
Publisher:
Release Date : 2009
Essays On Corporate Governance And Managerial Incentives written by Hae Jin Chung and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Investment Dividends Firm Performance And Managerial Incentives
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Author : Mahmoud Agha
language : en
Publisher:
Release Date : 2014
Investment Dividends Firm Performance And Managerial Incentives written by Mahmoud Agha and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
We combine the incentive schemes offered to managers in practice into a single incentive package and construct a governance index to analyze the role of governance and the incentive package in addressing the agency costs of free cash flow. Using US based data, we find empirical evidence that managers in practice do not consume perks but make a tradeoff when they allocate the cash flows of the firm between investment and dividends. In general, managers in practice underinvest and overpay dividends; an increase in their incentive package would retract both investment and dividends toward the optimal levels; hence, firm performance would improve. We also find that governance is used as a control mechanism rather than as a substitute for the incentive package. Principals employ governance to slow down investment and increase dividends when there is a high informational asymmetry between the manager and the investors, and set these variables close to the optimal levels otherwise. Moreover, we find that firms in practice do not use dividends as a substitute for governance. Furthermore, we find monotone relations between investment, firm performance and dividends on the one hand, and governance and the incentive package on the other hand.
Managerial Incentives And Corporate Performance
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Author : Ray Ball
language : en
Publisher:
Release Date : 1993
Managerial Incentives And Corporate Performance written by Ray Ball and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.
Managerial Incentives And Corporate Governance
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Author : Musbau Kolawole Kayode
language : en
Publisher: GRIN Verlag
Release Date : 2015-08-26
Managerial Incentives And Corporate Governance written by Musbau Kolawole Kayode and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-26 with Business & Economics categories.
Research Paper (undergraduate) from the year 2015 in the subject Business economics - Accounting and Taxes, grade: A, ( Atlantic International University ) (SCHOOL OF BUSINESS AND ECONOMICS), language: English, abstract: Corporate governance involves different checks and balances with the ability to influence the incentives and monitoring of a firm’s management. Sound corporate governance is predominantly essential when a firm’s management is different from its ownership. Randall (2009) argued that in the absence of appropriate corporate governance, managers who are separate from a company’s ownership may not be incentivized to work hard towards achieving shareholders’ goal of maximizing profits. Instead, non-owner managers might end up lavishly spending money and other resources in ways that directly benefits themselves, for example on perks, and living an expensive life. Surprisingly, some other managers may be tempted to spend firm’s money to accumulate personal wealth through frauds or theft.
The Emergence Of Corporate Governance From Wall St To Main St
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Author : M. Andrew Fields
language : en
Publisher:
Release Date : 2003
The Emergence Of Corporate Governance From Wall St To Main St written by M. Andrew Fields and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
Recent corporate events have brought a heightened public awareness to corporate governance issues. Much work has been accomplished to date, but it is clear that much more remains to be done. This paper provides a review of empirical research in four relevant areas of corporate governance. Specifically, the paper provides an overview of (a) the role that outside directors play in monitoring managers, (b) the emerging literature on the impact of board diversity, (c) the existence of and incentives for corporate executives to manage firm earnings, and (d) managerial incentives to bear risk.