conclusions present study demonstrated that the frequency of tobacco and substance abuse is considerable among iranian university students who thought to be more knowledgeable and concerned about their health. thus, efficient educational programs are needed to reduce the high-risk behaviors before students enter to university. background risky behaviors such as tobacco and substance abuse, whic...

a b s t r a c t “addiction” is a multifaceted complicated disorder with many interrelated causes, as well as environmental and genetic features. several hereditary variables that have an effect on these features might work in together to influence vulnerability and the extent of being an addict. molecular re-sequencing of the latest and formerly researched genes holds a crucial place with regar...

Executive pay disparity, as measured by chief executive officer (CEO) pay slice (CPS), is positively associated with the implied cost of equity, even after controlling for other determinants of the cost of equity. The difference in the cost of equity can explain 43% of the difference in the valuation effect attributable to CPS reported by Bebchuk, Cremers, and Peyer (2011). Further analysis sho...

We integrate an agency problem into search theory to study executive compensation in a market equilibrium. A CEO can choose to stay or quit and search after privately observing an idiosyncratic shock to the firm. The market equilibrium endogenizes CEOs’ and firms’ outside options and captures contracting externalities. We show that the optimal pay-to-performance ratio is less than one even when...

this paper explores people’s behavior when they are facing financial risks. through the setting of an economics experiment, people’s willingness to bear financial risks and their tendency to impose risks on others are investigated. the experiment result shows that most people are risk-neutral or risk-averse when making decision under financial environment, and their tendency to impose risks on ...

Title of dissertation: SELECTION OF STAR CEOS AND ITS IMPLICATIONS ON FIRM PERFORMANCE AND CEO COMPENSATION Minwen Li, Doctor of Philosophy, 2010 Dissertation directed by: Professor Vojislav Maksimovic, Dean's Chair Professor of Finance, Department of Finance My dissertation examines a board’s decision to hire a star CEO and the implication of such decision on the new CEO compensation and firm ...