Zobrazeno 1 - 10
of 29
pro vyhledávání: '"John M, Bizjak"'
Publikováno v:
The Journal of Finance. 77:2949-2986
Maintaining economic output during the COVID-19 pandemic results in benefits for firm shareholders but comes at a potential cost to public health. Using store-level data, we examine how a CEO's political leaning impacts this trade-off. We document th
Publikováno v:
SSRN Electronic Journal.
Maintaining economic output during COVID-19 pandemic can result in benefits for a firm’s shareholders but comes at a potential cost to public health. Using store-level data, we examine how a CEO’s political leanings, measured by political donatio
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
Publikováno v:
SSRN Electronic Journal.
We find that firms that grant performance-contingent (p-c) equity awards with accounting-based vesting conditions to their CEOs have lower cost of debt and less restrictive loan terms. The benefits of p-c accounting-based awards on debt financing are
Publikováno v:
Financial Management. 44:655-683
We examine different types of derivative instruments used by corporate insiders. These instruments are more likely to be used when there is greater insider ownership and greater capital market scrutiny. While these instruments may be allowed by board
Publikováno v:
Accounting and Finance Research. 5
Of late, both U.S. and International firms have increased the granting of performance-contingent equity awards to their executive officers. Beyond simple stock options, these awards frequently include accounting-based performance targets. Failure to
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Journal of Financial Economics. 100:538-555
Companies can potentially use compensation peer groups to inflate pay by choosing peers that are larger, choosing a high target pay percentile, or choosing peer firms with high pay. Although peers are largely selected based on characteristics that re
Publikováno v:
Review of Financial Studies. 22:4821-4847
We examine the role of board connections in explaining how the controversial practice of backdating employee stock options spread to a large number of firms across a wide range of industries. The increase in the likelihood that a firm begins to backd
Publikováno v:
Journal of Financial Economics. 90:152-168
We provide empirical evidence on how the practice of competitive benchmarking affects chief executive officer (CEO) pay. We find that the use of benchmarking is widespread and has a significant impact on CEO compensation. One view is that benchmarkin