[HTML][HTML] Board of directors' attributes and corporate outcomes: A systematic literature review and future research agenda
This paper provides a comprehensive systematic literature review (SLR) of existing
international accounting and finance research on the structure, characteristics, and diversity …
international accounting and finance research on the structure, characteristics, and diversity …
Executive compensation: A survey of theory and evidence
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 …
start by presenting data on the level of CEO and other top executive pay over time and …
Internal controls, risk management, and cash holdings
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 …
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
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 …
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 …
and assess the burgeoning literature on CEO overconfidence. We also provide novel …
Are boards designed to fail? The implausibility of effective board monitoring
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 …
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
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 …
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 …
time taken to make a dividend change by about 1.5 quarters and increase payments by 16 …
Media coverage and investment efficiency
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 …
media coverage reduces under-investment but increases over-investment. The negative …
Gender equality's impact on female directors' efficacy: A multi-country study
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 …
effects on firms. Female directors in more gender equal societies should possess greater …