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dc.contributor.authorLoureiro, Gilberto
dc.contributor.authorMakhija, Anil
dc.contributor.authorZhang, Dan
dc.date.accessioned2020-07-05T09:40:42Z
dc.date.accessioned2020-08-07T07:10:25Z
dc.date.available2020-07-05T09:40:42Z
dc.date.available2020-08-07T07:10:25Z
dc.date.issued2019-12-28
dc.identifier.citationLoureiro, Makhija, Zhang D. One dollar CEOs. Journal of Business Research. 2020;109:425-439en
dc.identifier.issn0148-2963
dc.identifier.issn0148-2963
dc.identifier.issn1873-7978
dc.identifier.urihttps://hdl.handle.net/10642/8813
dc.description.abstractWe study the impact of $1 CEO salaries on firm performance and CEO total compensation. We find that, on average, $1 CEO firms earn higher total compensation and lower Stock market returns relative to their peers after the adoption of $1 salaries. The effect on total compensation is mitigated if the $1 CEO firm is undergoing restructuring or the CEO is entrenched and aggravated if the CEO is overconfident. The stock market underperformance especially affects firms not under a restructuring process and firms with entrenched or overconfident CEOs.en
dc.description.sponsorshipFundação para a Ciência e a Tecnologia provided financial support through FEDER and COMPETE2020 under the PT2020 Partnership Agreement.en
dc.language.isoenen
dc.publisherElsevieren
dc.relation.ispartofseriesJournal of Business Research;Volume 109, March 2020
dc.subjectCEO compensationsen
dc.subjectCEO characteristicsen
dc.subjectFirm performancesen
dc.subjectRestructuringen
dc.subjectEntrenched CEOsen
dc.titleOne dollar CEOsen
dc.typeJournal articleen
dc.typePeer revieweden
dc.date.updated2020-07-05T09:40:41Z
dc.description.versionpublishedVersionen
dc.identifier.doihttps://dx.doi.org/10.1016/j.jbusres.2019.11.086
dc.identifier.cristin1766417
dc.source.journalJournal of Business Research


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