For the period 2015–2019 and based on a Spanish sample of 145 listed companies, this paper provides insights into how narcissistic chief executive officers (CEOs) influence proportion women in top management teams (TMTs). As further analysis line with social psychology upper echelons theories, we study whether power gender CEO female firm's board moderate relationship. Our results reveal that C...

This thesis consists of three essays and studies CEO compensation and mergers and acquisitions in empirical corporate finance. The first essay is sole-authored and is titled ‘The Effect of Social Interactions on Executive Compensation.’ The second essay ‘The Role of Investment Banker Directors in M&A: Can Experts Help?’ is a joint work with Qianqian Huang, Erik Lie, and Ke Yang. The third essay...

We examine the effects of nonmonetary benefits on overall executive compensation from the perspective of the living environment at the firm headquarters. Companies in polluted, high crime rate, or otherwise unpleasant locations pay higher compensation to their chief executive officers (CEOs) than companies located in more livable locations. This premium in pay for quality of life is stronger wh...

International new ventures (INVs) that pursue rapid internationalisation have received a growing amount of attention worldwide. This study, therefore, examined characteristics of INVs, and hence investigated empirically the relationships among the technological characteristics of INVs, the characteristics of their chief executive officers (CEOs) (i.e., global orientation), and their internation...

The central question surrounding the IPO underpricing puzzle is why issuers are willing to sell their shares at a price that is less than what the market is willing to pay. This paper shows that a major reason why managers are willing to underprice shares at IPO is that they use options and stock grants to protect themselves from the dilution to their existing shares. Underpricing can have a la...

This paper presents a theory about how firm performance depends on cognition, aggregation structure, and the environment. The theory is developed as a formal model, and it characterizes: cognition in terms of managers’ experience and mental representations (whether they apprehend the environment from a specialist’s versus a generalist’s viewpoint); aggregation structure as decision rules (wheth...

The central question surrounding the IPO underpricing puzzle is why issuers are willing to sell their shares at a price that is less than what the market is willing to pay. This paper shows that a major reason why managers are willing to underprice shares at IPO is that they use options and stock grants to protect themselves from the dilution to their existing shares. Underpricing can have a la...

BACKGROUND One of the ways to improve the quality of services in the health system is through clinical governance. This method aims to create a framework for clinical services providers to be accountable in return for continuing improvement of quality and maintaining standards of services. OBJECTIVE To evaluate the success rate of clinical governance implementation in Kerman teaching hospital...

YVONNE MOORES, chief nursing officer for England, has told healthcare managers how to 'do the right thing'.

We examine how chief executive officer (CEO) mobility affects corporate payouts. exploit US state courts’ staggered adoption of the inevitable disclosure doctrine (IDD) to obtain exogenous variation in mobility. report several findings. First, we find that firms IDD-adopting states increase dividend payouts, whereas effect IDD on share repurchases is insignificant relative not states. Second, d...