We derive conditions under which limits on executive compensation can enhance efficiency and benefit shareholders (but not executives). Having its hands tied in the future allows a board of directors to credibly enter into relational contracts with executives that are more efficient than performance-contingent contracts. This has implications for the ideal composition of the board. The analysis...

We derive conditions under which state-imposed limits on executive compensation can enhance efficiency and benefit shareholders (but not executives). Having their hands tied in the future allows a board of directors to credibly enter into relational contracts with executives that are more efficient than performance-based contracts. This in turn can have implications for firm strategy and the id...

The authors study the association between physician leadership styles and leadership effectiveness. Executive directors of community health centers were surveyed (269 respondents; response rate = 40.9 percent) for their perceptions of the medical director's leadership behaviors and effectiveness, using an adapted Multifactor Leadership Questionnaire (43 items on a 0-4 point Likert-type scale), ...

This paper is a contribution to the draft rural development strategy for the World Bank, which is currently pending approval by the Board of Executive Directors. The findings, interpretations, and conclusions are the author's own and should not be attributed to the World Bank, its management, its Board of Executive Directors, or the countries they represent. Some of the numbers quoted are estim...

1 Partnering with your CEO will put you on the path to success Maintaining a strong relationship with the hospital CEO has always been important for an OR leader. In the coming year, good relations with the executive suite will be critical. Hospital executives are under greater pressure now than at any time in the last 30 years. Changes in the healthcare market are creating unprecedented challe...

We are grateful to participants at UWA's Accounting and Finance Workshop Series for their valuable comments. Finally we would also like to take this opportunity to acknowledge SIRCA's support in providing access to core elements of data. Abstract This study is the first to empirically analyse insider trading around takeover announcements in Australia. This paper provides preliminary evidence, e...

BACKGROUND This study examined how mental health clinic administrators decided whether or not to adopt evidence-based and other innovative practices by exploring their views of implementation barriers and facilitators and operation of these views in assessment of implementation costs and benefits. METHODS Semi-structured interviews were conducted with 75 agency chief executive officers and pr...

The paper examines the moderating role of board size between characteristics and bank’s performance. study collected data from 18 licensed banks in Ghana 2012 to 2020, giving 180 observations for this study. adopted System Generalized Method Moments assess causal relationship bank's performance Ghana. was control problems endogeneity unobserved heterogeneity issues. findings show a significant ...

It is often difficult to predict how a change in a firm’s corporate governance structure will affect the future value of the firm. We examine what factors are associated with the level of stock market uncertainty surrounding a change in composition of the board of directors by investigating the variations in market reaction to a director resignation announcement. Market uncertainty is measured ...