This study presents an integrated investigation into the factors affecting executive ownership, the market value of the finn, and executive compensation by explicitly incorporating the simultaneity of the process determining these variables into the empirical estimation, Overall, the results of the study support the notion that a f inn's market value, executive stock ownership, and executive co...

The current research draws on the agency theory, the IT governance literature, and the executive compensation literature to present a theory of the antecedents of IT control weaknesses as reported under Sections 404 of Sarbanes-Oxley Act. More specifically, this paper examines the association between two categories of governance mechanisms (IT governance mechanisms and IT executive incentive al...

This study extends current knowledge of upper echelon executive compensation beyond the CEO, specifically CFO compensation, based on whether they possess generalist or specialist skills. We find that “strategic” CFOs with an elite MBA (generalist) consistently command a compensation premium, while “accounting” CFOs (specialist) and CFOs with a non-MBA master’s degree, even from an elite institu...

Compensation of bank CEOs increases after mergers, suggesting that executives may engage in acquisitions to enjoy size-related personal benefits (Bliss and Rosen, 2001). Alternatively, bank mergers can be viewed as the efficient assignation of merged assets to the managerial team best suited to realize merger gains. Theories of executive compensation based on managerial productivity and optimal...

This essay reviews Bebchuk and Fried’s Pay without Performance: The Unfulfilled Promise of Executive Compensation. Bebchuk and Fried criticize the standard view of executive compensation, in which executives negotiate contracts with shareholders that provide incentives that motivate them to maximize the shareholders’ welfare. In contrast, Bebchuk and Fried argue that executive compensation is m...

Original scientific paper In this paper an empirical study was carried out to study the Cloud Computing (CC) perception in Turkey. To this extent this study intends to determine the perception of Information Technology decision makers such as Chief Executive Officers and Chief Information Officers by means of a survey by questionnaire approach to explore 98 both public and private IT executives...

The following articles review the ever-growing literature that demonstrates how senior executive compensation practices remain disconnected from relevant empirical literature. The problem is that management is still not an evidence-based profession, and there are few sanctions for either consultants or senior executives who ignore scientific knowledge in their decision-making.

This paper uses novel data to examine the fleets of corporate jets operated by both publicly traded and privately held firms. In the cross-section, firms owned by private equity funds average 40% smaller fleets than observably similar public firms. Similar fleet reductions are observed within firms that undergo leveraged buyouts. Quantile regressions indicate that these results are driven by fi...

T otal compensation for senior medical managers in HMOs increased, on average, 5 percent last year — similar to growth rates of previous years. According to a study by the Tampa, Fla.-based Physician Executive Management Center, a physician executive search firm, compensation for these people (medical directors, vice presidents for medical affairs, and physicians with similar titles) varies lit...