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CEO EQUITY PORTFOLIO INCENTIVES AND LAYOFF DECISIONS
16 references·2 citing·43 second hop
CEO EQUITY PORTFOLIO INCENTIVES AND LAYOFF DECISIONS (2007)CEO EQUITY PORTFOLIO INCENTIVES AND LAYOF…Estimating the Value of Employee Stock Option Portfolios and Their Sensitivities to Price and Volatility (2002)Estimating the Value of Emplo…Layoffs, shareholders' wealth, and corporate performance (2001)Layoffs, shareholders' wealth…Executive Compensation and Corporate Acquisition Decisions (2001)Executive Compensation and Co…Managerial discipline and corporate restructuring following performance declines (2000)Managerial discipline and cor…Layoffs, Top Executive Pay, and Firm Performance (1998)Layoffs, Top Executive Pay, a…Debt and the terms of employment1This paper is adapted from Chapter 3 of my dissertation, completed at the University of Chicago. Thanks to Robert Vishny, Mark Mitchell, Abbie Smith, Steven Kaplan, Kenneth French, Eugene Fama, Frank Hatheway, William Schwert (the editor) and George Baker (the referee) for helpful comments.1 (1998)Debt and the terms of employm…Layoff Announcements: Stock Market Impact and Financial Performance (1997)Layoff Announcements: Stock M…Detecting abnormal operating performance: The empirical power and specification of test statistics (1996)Detecting abnormal operating …Incentives, downsizing, and value creation at general dynamics, (1995)Incentives, downsizing, and v…Do corporations award CEO stock options effectively? (1995)Do corporations award CEO sto…CEO turnover and the firm's investment decisions (1995)CEO turnover and the firm's i…Performance Pay and Top-Management Incentives (1990)Performance Pay and Top-Manag…Additional evidence on equity ownership and corporate value (1990)Additional evidence on equity…Predicting takeover targets (1986)Predicting takeover targetsUsing daily stock returns (1985)Using daily stock returnsThe Pricing of Options and Corporate Liabilities (1973)The Pricing of Options and Co…Ethics Trumps Culture? A Cross-National Study of Business Leader Responsibility for Downsizing and CSR Perceptions (2013)Ethics Trumps Culture? A Cros…WHY DO STOCK PRICES DECLINE IN RESPONSE TO EMPLOYEE LAYOFFS? UK EVIDENCE FROM THE 2008 GLOBAL FINANCIAL CRISIS (2012)WHY DO STOCK PRICES DECLINE I…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Higher market valuation of companies with a small board of directors (1996)A Survey of Corporate Governance (1997)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)Analysis of Panel Data (2003)When the former ceo stays on as board chair: effects on successor discretion, strategic change, and performance (2011)Managers with and without Style: Evidence Using Exogenous Variation (2013)Shaped by Booms and Busts: How the Economy Impacts CEO Careers and Management Styles (2016)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)Theory of rational option pricing (2005)Determinants of corporate borrowing (1977)CEO stock option awards and the timing of corporate voluntary disclosures (2000)Are Insider Trades Informative? (2001)The Tenuous Trade‐off between Risk and Incentives (2002)The effects of management buyouts on operating performance and value (1989)Size and Book-to-Market Factors in Earnings and Returns (1995)Measuring long-horizon security price performance (1997)An Examination of Long‐Term Abnormal Stock Returns and Operating Performance Following R&D Increases (2004)Dumb money: Mutual fund flows and the cross-section of stock returns (2008)The market for corporate control (1983)Management ownership and market valuation (1988)Agency Problems at Dual‐Class Companies (2009)Role of Managerial Incentives and Discretion in Hedge Fund Performance (2009)Corporate social responsibility and stakeholder value maximization: Evidence from mergers (2013)An Empirical Evaluation of Accounting Income Numbers (1968)Time Series Analysis: Forecasting and Control (1977)Time Series Analysis: Forecasting and Control (1977)Efficient Capital Markets: II (1991)ARCH modeling in finance (1992)Introductory Econometrics for Finance (2008)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Financial Ratios and the Probabilistic Prediction of Bankruptcy (1980)The impact of industry shocks on takeover and restructuring activity (1996)Assessing the Probability of Bankruptcy (2004)Determinants of weaknesses in internal control over financial reporting (2007)Proximity and Investment: Evidence from Plant-Level Data (2011)Women on board: Does boardroom gender diversity affect firm risk? 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References

  • 1973The Pricing of Options and Corporate Liabilities29,064 cited
  • 1985Using daily stock returns6,497 cited
  • 1990Performance Pay and Top-Management Incentives5,080 cited
  • 1990Additional evidence on equity ownership and corporate value4,311 cited
  • 2002Estimating the Value of Employee Stock Option Portfolios and Their Sensitivities to Price and Volatility1,697 cited
  • 1996Detecting abnormal operating performance: The empirical power and specification of test statistics1,609 cited
  • 1986Predicting takeover targets1,311 cited
  • 1995Do corporations award CEO stock options effectively?1,128 cited
  • 2001Executive Compensation and Corporate Acquisition Decisions596 cited
  • 1995CEO turnover and the firm's investment decisions418 cited
  • 2000Managerial discipline and corporate restructuring following performance declines317 cited
  • 1995Incentives, downsizing, and value creation at general dynamics,246 cited
  • 1998Debt and the terms of employment1This paper is adapted from Chapter 3 of my dissertation, completed at the University of Chicago. Thanks to Robert Vishny, Mark Mitchell, Abbie Smith, Steven Kaplan, Kenneth French, Eugene Fama, Frank Hatheway, William Schwert (the editor) and George Baker (the referee) for helpful comments.1174 cited
  • 2001Layoffs, shareholders' wealth, and corporate performance

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135 cited
  • 1998Layoffs, Top Executive Pay, and Firm Performance132 cited
  • 1997Layoff Announcements: Stock Market Impact and Financial Performance127 cited
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    • 2012WHY DO STOCK PRICES DECLINE IN RESPONSE TO EMPLOYEE LAYOFFS? UK EVIDENCE FROM THE 2008 GLOBAL FINANCIAL CRISIS33 cited
    • 2013Ethics Trumps Culture? A Cross-National Study of Business Leader Responsibility for Downsizing and CSR Perceptions30 cited