Cost heterogeneity is an important source of performance disparity. Hence, executive compensation contracts that account for relative performance must be adjusted for cost differences. I investigate this effect in two strategic product market environments in which firms can compete using either Bertrand or Cournot strategies. Both models predict that, depending on cost heterogeneity, the incent...

This study investigates the perceived and actual trustworthiness of female managers when using rhetoric to advertise their in public disclosure documents. We find that stock market reacts more favorably trust if document has been prepared under responsibility a CEO rather than male CEO. rule out this result could be driven by CEOs talking about different contexts. However, inconsistently with n...

ABSTRACT Following management theory on organizational legitimacy, we predict that managers mimic the accounting of industry-leading companies to gain legitimacy. Such demand for legitimacy is expected be greater new because stakeholders are more uncertain about managers’ ability. Using a sample CEO turnovers, find firm increases financial statement comparability with industry leaders after ass...

Previous studies have examined the manipulation of executive stock option awards and exercises, focusing on information timing by managers. In this paper, we investigate potential managerial manipulation of stock-price performance motivated by executive stock options. To distinguish performance manipulation from information timing, we examine stock-price performance surrounding the departure of...

Is CEO effort important? Using CEO golf play as a measure of leisure, we observe significant variation in the amount of leisure that golfing CEOs consume. CEOs consume more leisure when they have lower equity-based incentives. Consistent with CEO effort being important and some CEOs shirking their firm responsibilities, we find CEOs that golf frequently are associated with firms that have lower...

Much of the evidence on managerial biases in corporate finance focuses CEO and, particular, overconfidence. This singular focus can lead to misattribution as it ignores roles other managers who are responsible for a given outcome. We evaluate influence CFO and C-suite executives compared with CEO. Mirroring widely used Longholder measure overconfidence, we construct Other measures. For financin...

BACKGROUND Strengthening Laboratory Management Toward Accreditation (SLMTA) is a competency-based management training programme. Assessing health professionals' views of SLMTA provides feedback to inform program planning, implementation and evaluation of SLMTA's training, communication and mentorship components. OBJECTIVES To assess laboratory professionals' and hospital chief executive offic...

Despite the burgeoning studies on corporate social responsibility, little is known about influence of chief executive officer (CEO) foreignness a firm's responsibility (CSR) expenditure. This study investigated effect foreign CEOs CSR expenditure local firms in Vietnam. In addition, we examined moderating roles firm reputation and customer demandingness CEO-CSR relationship. Results from data c...

As utilities identify their components and evaluate the effects of transforming their existing delivery assets into a Smart Grid, a strong emphasis is being given to systems, products and services that provide value in automating and managing the electric distribution delivery grid. Within the Smart Grid context, utilities are focusing on four main themes in distribution: n Reliability – improv...