The present study investigates how chief executive officers in the Canadian telecommunications industry acquire and use information about the external business environment, an information seeking activity known as environmental scanning. Data were collected by a nationwide questionnaire survey and several focused interviews. Of the 113 CEOs in the study population, 67 returned completed questio...

Managerial rent extraction is a non-trivial phenomenon during acquisitions: in a sample of 364 deals from 1999-2005, over one target CEO in four experiences compensation increases due to option grants received just before the acquisition while target shareholders suffer losses. Indeed, the top quartile of rent extraction CEOs pocket an average of 19 million dollars from option awards granted se...

We show that measurable managerial characteristics have significant explanatory power for corporate financing decisions. First, managers who believe that their firm is undervalued view external financing as overpriced, especially equity financing. Such overconfident managers use less external finance and, conditional on accessing external capital, issue less equity than their peers. Second, CEO...

CEOs and their management teams decide how much a firm will spend on IT. Though managers make IT spending decisions with the intent of generating value, such benefits are risky and not guaranteed (Dewan et al. 2007). While CEOs may perceive that IT spending could translate into competitive advantage and increase productivity, they also realize that IT expense will reduce current net income and ...

This paper examines whether firms run by a founder chief executive officer (CEO) have higher pay and their power sources from chairing the board, remuneration committee, tenureship, or share ownership affect pay-performance nexus. Data for study was hand-collected amongst 362 family-owned listed in Bursa Malaysia 2009 to 2015 analysed via generalized method of moments (GMM) system address endog...

Information systems (IS) leadership roles have undergone fundamental changes over the past decade. Despite increased interest in recent years, little empirical research on IS managers has been done. This article presents results from a survey in Norway. The survey collected data on general leadership roles such as informational role, decisional role and interpersonal role, as well as on specifi...

Upper echelons theory suggests that the characteristics of chief executives affect the strategic choices of their organizations. In this paper we examine whether the characteristics of top managers make a difference to the extent of inter-organizational collaboration in the public sector. Using survey data from 228 chief executives from Catalonia, we test upper echelons theory, and control for ...

R research has shown that managers in publicly traded companies facing earnings pressure—the pressure to meet or beat securities analysts’ earnings forecasts—may make business decisions to improve short-term earnings. Analysts’ forward-looking performance forecasts can serve as powerful motivation for managers, but may also encourage them to undertake short-term actions detrimental to future co...

CEOs' perceptions of the environment and information processing shortcuts (or heuristics) they use to develop these are important organizations. We study whether organizational structure, an channel filter for flow in organizations, affects perception gaps pertaining competitive environment. Perception defined as systematic deviations subjective from conceptions based on objective data. Studyin...