Zobrazeno 1 - 10
of 47
pro vyhledávání: '"Jeffrey L. Coles"'
Publikováno v:
Journal of Financial Economics. 145:665-683
We empirically examine the effects of index investing using predictions derived from a Grossman-Stiglitz framework. An increase in index investing leads to lower information production as measured by Google searches, EDGAR views, and analyst reports,
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::50ce6a9acd902a97a923e5f9565286fe
https://doi.org/10.1016/j.jfineco.2022.05.007
https://doi.org/10.1016/j.jfineco.2022.05.007
Publikováno v:
Journal of Accounting Research. 60:965-1006
Using a novel empirical approach and newly available administrative data on US tax filings, we estimate the corporate elasticity of taxable income and determine how such tax responsiveness varies depending on accounting method, firm size, and interes
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::05dc111f3cba286e6e6374a3b0296e3a
https://doi.org/10.1111/1475-679x.12405
https://doi.org/10.1111/1475-679x.12405
Autor:
Jeffrey L. Coles, Zhichuan Frank Li
Publikováno v:
The Review of Corporate Finance Studies.
This paper examines the relative importance of observed and unobserved firm- and manager-specific heterogeneities in determining the primary aspects of contract design and the implications of thee associated incentives for firm policy, risk, and perf
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a1c9eb75651a0a9e0635d888ac422bca
https://doi.org/10.1093/rcfs/cfaa004
https://doi.org/10.1093/rcfs/cfaa004
Publikováno v:
SSRN Electronic Journal.
This paper builds on Rosen (1981) and Hvide (2002) to provide a simple framework that elucidates the nature of incentives in the tournaments among top executives in both the external managerial labor market for the top executive positions in other co
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::0a097c28ac766c12b50ce10764f0e28c
https://doi.org/10.2139/ssrn.3528738
https://doi.org/10.2139/ssrn.3528738
Publikováno v:
SSRN Electronic Journal.
We study the effects of personal income tax on executive compensation. Using a difference-in-differences approach based on large shocks to personal income tax rates, we find CEOs receive higher pay two years after tax increases. The higher tax burden
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::92ecfb7d013c86cc93fac90216e7e04f
https://doi.org/10.2139/ssrn.3540304
https://doi.org/10.2139/ssrn.3540304
Publikováno v:
SSRN Electronic Journal.
We address two aspects of board dynamics — group-think and teamwork — that both arise from increased director overlap. Overlap captures the extent of common service by board directors. Greater overlap can lead to excessive cohesiveness of the gro
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9309e82d0c9599d62b10e59d766c4bee
https://doi.org/10.2139/ssrn.3650609
https://doi.org/10.2139/ssrn.3650609
Publikováno v:
Business Publications
We empirically assess industry tournament incentives for CEOs, as measured by the compensation gap between a CEO at one firm and the highest-paid CEO among similar (industry, size) firms. We find that firm performance, firm risk, and the riskiness of
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::f175dcd0e26936ec3a2d0011227c2553
https://doi.org/10.1093/rfs/hhx064
https://doi.org/10.1093/rfs/hhx064
Publikováno v:
SSRN Electronic Journal.
Many of the events that trigger clawback provisions are associated with risky corporate policies and variable performance outcomes. We propose and test the hypothesis that clawback provisions motivate managers to reduce firm risk. Panel ordinary leas
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::190d4bd73ff6e8be18f09d8ae10e40e4
https://doi.org/10.2139/ssrn.3382498
https://doi.org/10.2139/ssrn.3382498
Publikováno v:
SSRN Electronic Journal.
Using a novel empirical approach and newly available administrative data on US tax filings, we estimate the corporate elasticity of taxable income and determine how such tax responsiveness varies depending on accounting method, firm size, and interes
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6fa42d9fc0f1b4165206bf8b1196f55c
https://doi.org/10.2139/ssrn.3167369
https://doi.org/10.2139/ssrn.3167369
Autor:
Konari Uchida, Jeffrey L. Coles
Publikováno v:
SSRN Electronic Journal.
We find robust evidence that Japanese firms with many inside directors younger than the top manager (junior directors) frequently replace managers. The proportion of junior directors over non-top manager directors is positively associated with firm p
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4a9cc2a5d2a2e05e9776725ba07704de
https://doi.org/10.2139/ssrn.3100444
https://doi.org/10.2139/ssrn.3100444