The influence of CEO power on compensation contract design
We investigate whether CEO power influences a firm's decision to change its compensation
system in response to regulatory and public pressure. In particular, we assess whether CEO …
system in response to regulatory and public pressure. In particular, we assess whether CEO …
The role of executive symbolism in advancing new strategic themes in organizations: A social influence perspective
DC Hambrick, JB Lovelace - Academy of Management Review, 2018 - journals.aom.org
Contributing to the sensegiving literature and organizational change literature, we set forth a
theory for predicting the relative effectiveness, or ineffectiveness, of executive symbolism in …
theory for predicting the relative effectiveness, or ineffectiveness, of executive symbolism in …
Wolves at the door: A closer look at hedge fund activism
YTF Wong - Management Science, 2020 - pubsonline.informs.org
Most investor coordination remains undisclosed. I provide empirical evidence on the extent
and consequences of investor coordination in the context of hedge fund activism, in which …
and consequences of investor coordination in the context of hedge fund activism, in which …
Were CEO pay cuts during the COVID-19 pandemic merely symbolic? Shareholders' reaction and outrage
We examine whether CEO pay cut announcements during the COVID-19 pandemic are
symbolic and made to appease various stakeholders. We find that firms announcing a CEO …
symbolic and made to appease various stakeholders. We find that firms announcing a CEO …
Self‐sacrifice or empty symbolism: a study of $1 CEOs
We examine whether CEOs' voluntary acceptance of a 1salaryisacrediblesignalofsacrifice.
Wefindthatfirmswith 1 salary CEOs are:(i) more likely to be associated with income …
Wefindthatfirmswith 1 salary CEOs are:(i) more likely to be associated with income …
Firm strategy and CEO− VP pay differentials in equity compensation
We examine whether pay differentials between the chief executive officer (CEO) and vice
presidents (VPs) can be explained by firms' strategic priorities. We find that firms that pursue …
presidents (VPs) can be explained by firms' strategic priorities. We find that firms that pursue …
Does government report readability matter? Evidence from market reactions to AAERs
We investigate whether market reactions to Accounting and Auditing Enforcement Releases
(AAERs) of the US Securities and Exchange Commission (SEC) vary with different levels of …
(AAERs) of the US Securities and Exchange Commission (SEC) vary with different levels of …
The Effect of State Minimum Wage Increases on CEO Compensation: Evidence of Labor Donation in Nonprofit Organizations
In this paper, we test the “labor donation” hypothesis, which posits that intrinsically motivated
individuals willingly accept lower compensation to work in nonprofit organizations (NPOs) …
individuals willingly accept lower compensation to work in nonprofit organizations (NPOs) …
Sharing the pain between workers and management: evidence from the covid-19 pandemic and 9/11 attacks
We examine whether managers commit to reducing their pay or enact other positive worker-
friendly actions after laying off employees or cutting their benefits during an economic crisis …
friendly actions after laying off employees or cutting their benefits during an economic crisis …
Corporate social responsibility and abnormal executive compensation
Purpose The authors examine the association between corporate social responsibility
(CSR) and abnormal executive compensation. The authors hypothesize that socially …
(CSR) and abnormal executive compensation. The authors hypothesize that socially …