Although sustainable competitive advantages in today's hypercompetitive economy call for strong management skills, the literature lacks a holistic understanding of specific capabilities chief executive officers (CEOs) utilize to drive innovation. This article derives dynamic CEO (DCCs) concept examine whether CEOs' individual-level DCCs facilitate firm-level innovation and proposes that power m...

The resource-based view argues that acquisitions can build competitive advantage partially through retention of valuable human capital of the target firm. However, making commitments to retain and motivate successful top managers is a challenge when contracts are not enforceable. Investigating the conditions under which target CEOs are retained in a sample of mergers in the 1990s, we find great...

This paper investigates whether the family status of a company’s top officer affects managerial replacement decisions in UK firms. We report evidence that family firms are characterized by higher levels of board control and weak internal governance in the form of independent company board structures. Consistent with a managerial entrenchment hypothesis, we find evidence that family CEOs are les...

As a gamete, oocyte needs to maintain its genomic integrity and passes this haploid genome to the next generation. However, fully-grown mouse oocyte cannot respond to DNA double-strand breaks (DSBs) effectively and it is also unable to repair them before the meiosis resumption. To compensate for this disadvantage and control the DNA repair events, oocyte needs the cooperation with its surroundi...

This study presents the first targeted examination of changes in financial reporting surrounding the appointment of both new CEOs and Principal Financial Officers (PFOs). We identify companies that appoint new CEOs and PFOs in the period 1995 to 2002 and find that the change in discretionary accruals is negative and significant in the year of hire (from t-1 to t) for firms appointing a new CEO ...

This paper investigates how executive employment contracts influence corporate financial policies during the final year of the contract term. We find that the impending expiration of fixed-term employment contracts creates incentives for CEOs to engage in strategic window-dressing activities, including managing earnings aggressively and withholding negative firm news. At the same time, acquisit...

PM2.5 is the main particulate air pollutant whose aerodynamic diameter is less than 2.5 micron. The inflammation of various respiratory diseases are associated with PM2.5 inhalation. Pro-inflammatory cytokine IL-1β generated from effected cells usually plays a crucial role in many kinds of lung inflammatory reactions. The exacerbation of Th immune responses are identified in some PM2.5 related ...

This paper examines the effects of female chief executive officers (CEOs) on firm performance. Using data nonfinancial listed firms in Japan, we show that only 0.8% some 42,000 firm-year observations have CEOs. There is also little evidence appoint more females as CEOs during our sample period. While stock market reacts positively to introduction a firm's first CEO, relationship between CEO gen...

Abstract We explore the effects of chief executive officers’ (CEOs’) personal dominance—an idiosyncratic character trait strongly associated with a desire for influence and control—on two fundamental organizational design decisions: CEO’s span control (1) her delegation responsibilities as reflected in appointment operating officer (COO) (2). Linking three original measures CEO dominance based ...

We examine the relationship between the employment and compensation of managers and CEOs and the presence of a unionized workforce. We develop a simple effciency wage model, with a tradeoff between higher wages for workers and more monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the firm. Unions, by redistributing rents t...