[HTML][HTML] Board of directors' attributes and corporate outcomes: A systematic literature review and future research agenda

Y Lu, CG Ntim, Q Zhang, P Li - International Review of Financial Analysis, 2022 - Elsevier
This paper provides a comprehensive systematic literature review (SLR) of existing
international accounting and finance research on the structure, characteristics, and diversity …

Executive compensation: A survey of theory and evidence

A Edmans, X Gabaix, D Jenter - The handbook of the economics of …, 2017 - Elsevier
This paper reviews the theoretical and empirical literature on executive compensation. We
start by presenting data on the level of CEO and other top executive pay over time and …

Internal controls, risk management, and cash holdings

H Chen, D Yang, JH Zhang, H Zhou - Journal of Corporate Finance, 2020 - Elsevier
Exploiting a unique setting in China where internal controls are intended to manage risks,
we investigate how internal controls shape the cash holding policies. Results show that firms …

Behavioral economics of accounting: A review of archival research on individual decision makers

M Hanlon, K Yeung, L Zuo - Contemporary Accounting …, 2022 - Wiley Online Library
This paper develops a unified framework to synthesize the growing stream of positive
research on the role of individual decision makers in shaping observed accounting …

Behavioral CEOs: The role of managerial overconfidence

U Malmendier, G Tate - Journal of Economic Perspectives, 2015 - aeaweb.org
In this paper, we provide a theoretical and empirical framework that allows us to synthesize
and assess the burgeoning literature on CEO overconfidence. We also provide novel …

Are boards designed to fail? The implausibility of effective board monitoring

S Boivie, MK Bednar, RV Aguilera… - … of Management Annals, 2016 - journals.aom.org
In this review, we challenge the idea that directors are well positioned to be effective
monitors of management. Moving beyond the logic of incentives and ability, we …

Why female board representation matters: The role of female directors in reducing male CEO overconfidence

J Chen, WS Leung, W Song, M Goergen - Journal of Empirical Finance, 2019 - Elsevier
We suggest a novel reason why there might be a need for female board representation.
Female participation in the boardroom attenuates the CEO's overconfident views about his …

Dividend payments as a response to peer influence

J Grennan - Journal of Financial Economics, 2019 - Elsevier
I show dividend policies have peer effects. My estimates indicate that firms speed up the
time taken to make a dividend change by about 1.5 quarters and increase payments by 16 …

Media coverage and investment efficiency

X Gao, W Xu, D Li, L Xing - Journal of Empirical Finance, 2021 - Elsevier
We examine the effect of media coverage on firm-level investment efficiency. We find that
media coverage reduces under-investment but increases over-investment. The negative …

Gender equality's impact on female directors' efficacy: A multi-country study

S Belaounia, R Tao, H Zhao - International Business Review, 2020 - Elsevier
This paper studies the role of gender equality in female directors' efficacy and its subsequent
effects on firms. Female directors in more gender equal societies should possess greater …