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How Do Independent Directors View Powerful Executive Risk-Taking Incentives? A Quasi-Natural Experiment
16 references·9 citing·44 second hopsampled
How Do Independent Directors View Powerful Executive Risk-Taking Incentives? A Quasi-Natural Experiment (2018)How Do Independent Directors View Powerfu…Board Structure and Monitoring: New Evidence from CEO Turnovers (2015)Board Structure and Monitorin…Executive stock options, differential risk-taking incentives, and firm value (2011)Executive stock options, diff…CFOs versus CEOs: Equity incentives and crashes (2011)CFOs versus CEOs: Equity ince…CEOs versus CFOs: Incentives and corporate policies (2010)CEOs versus CFOs: Incentives …Why do firms go dark? Causes and economic consequences of voluntary SEC deregistrations (2008)Why do firms go dark? Causes …The Effects and Unintended Consequences of the Sarbanes-Oxley Act on the Supply and Demand for Directors (2008)The Effects and Unintended Co…Regulation and Bonding: The Sarbanes-Oxley Act and the Flow of International Listings (2008)Regulation and Bonding: The S…CEO Compensation and Board Structure (2008)CEO Compensation and Board St…Swinging for the Fences: The Effects of Ceo Stock Options on Company Risk Taking and Performance (2007)Swinging for the Fences: The …The Sarbanes–Oxley Act and firms’ going-private decisions (2006)The Sarbanes–Oxley Act and fi…Executive Compensation and Short-Termist Behaviour in Speculative Markets (2006)Executive Compensation and Sh…Managerial incentives and risk-taking☆ (2005)Managerial incentives and ris…The sensitivity of CEO wealth to equity risk: an analysis of the magnitude and determinants (1999)The sensitivity of CEO wealth…RELATIONSHIPS AMONG RISK, INCENTIVE PAY, AND ORGANIZATIONAL PERFORMANCE. (1998)RELATIONSHIPS AMONG RISK, INC…Risk Reduction as a Managerial Motive for Conglomerate Mergers (1981)Risk Reduction as a Manageria…Some results on incentive contracts with applications to education and employment, health insurance, and law enforcement. (1978)Some results on incentive con…Estimating the effect of board independence on innovation efficiency using research quotient: a quasi-natural experiment (2023)Estimating the effect of boar…Independent directors and patenting strategies: Evidence from China (2022)Independent directors and pat…Customer concentration, managerial risk aversion, and independent directors: A quasi-natural experiment (2022)Customer concentration, manag…Corporate Culture, Cultural Diversification, and Independent Directors: Evidence from Earnings Conference Calls (2022)Corporate Culture, Cultural D…How do independent directors view generalist vs. specialist CEOs? Evidence from an exogenous regulatory shock (2021)How do independent directors …Does board independence influence asset redeployability? Evidence from a quasi-natural experiment (2021)Does board independence influ…Investments in human capital: The evidence from China’s new rural pension scheme (2020)Investments in human capital:…Influence of independent directors on the market risks of Indian banks (2020)Influence of independent dire…Exploring How Independent Directors View CSR Inequality Using A Quasi-Natural Experiment (2020)Exploring How Independent Dir…The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Problems and the Theory of the Firm (1980)Agency Theory: An Assessment and Review (1989)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)Management ownership and market valuation (1988)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Accounting Conservatism and Stock Price Crash Risk: Firm‐level Evidence (2014)Corporate social responsibility and stock price crash risk (2014)Religion and Stock Price Crash Risk (2015)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)Boards: Does one size fit all☆ (2007)Are Overconfident CEOs Better Innovators? (2012)Corporate Immunity to the COVID-19 Pandemic (2020)Determinants of corporate borrowing (1977)The use of equity grants to manage optimal equity incentive levels (1999)The role of information and financial reporting in corporate governance and debt contracting (2010)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)It's All about Me: Narcissistic Chief Executive Officers and Their Effects on Company Strategy and Performance (2007)A Multi‐Dimensional Framework of Organizational Innovation: A Systematic Review of the Literature (2009)Environmental Performance and Executive Compensation: An Integrated Agency-Institutional Perspective (2009)Theory of games and economic behavior (2019)The Influence of Institutional Investors on Myopic R&D Investment Behavior (1998)The Efficient Market Hypothesis and Its Critics (2003)The economic implications of corporate financial reporting (2005)Financial dependence and innovation: The case of public versus private firms (2016)Does Climate Change Affect Real Estate Prices? Only If You Believe In It (2018)Separation of Ownership and Control (1983)Higher market valuation of companies with a small board of directors (1996)Are busy boards detrimental? (2013)Does board structure in banks really affect their performance? (2013)Audit committee financial expertise and earnings management: The role of status (2014)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The Effect of SOX Section 404: Costs, Earnings Quality, and Stock Prices (2010)Is working capital management value-enhancing? Evidence from firm performance and investments (2014)Using and Interpreting Fixed Effects Models (2023)The Determinants of Capital Structure Choice (1988)Stock options and managerial incentives for risk taking: Evidence from FAS 123R (2012)The relation between equity incentives and misreporting: The role of risk-taking incentives (2013)Gender Differences in Financial Reporting Decision Making: Evidence from Accounting Conservatism (2014)CEO Compensation (2010)Managerial Attributes and Executive Compensation (2011)Socially responsible firms (2016)
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References

  • 2005Managerial incentives and risk-taking☆2,924 cited
  • 1981Risk Reduction as a Managerial Motive for Conglomerate Mergers2,775 cited
  • 1999The sensitivity of CEO wealth to equity risk: an analysis of the magnitude and determinants1,391 cited
  • 2011CFOs versus CEOs: Equity incentives and crashes1,219 cited
  • 2007Swinging for the Fences: The Effects of Ceo Stock Options on Company Risk Taking and Performance760 cited
  • 2008CEO Compensation and Board Structure611 cited
  • 2006Executive Compensation and Short-Termist Behaviour in Speculative Markets597 cited
  • 2008The Effects and Unintended Consequences of the Sarbanes-Oxley Act on the Supply and Demand for Directors597 cited
  • 2006The Sarbanes–Oxley Act and firms’ going-private decisions564 cited
  • 2010CEOs versus CFOs: Incentives and corporate policies541 cited
  • 1998RELATIONSHIPS AMONG RISK, INCENTIVE PAY, AND ORGANIZATIONAL PERFORMANCE.507 cited
  • 2008Why do firms go dark? Causes and economic consequences of voluntary SEC deregistrations467 cited
  • 2011Executive stock options, differential risk-taking incentives, and firm value464 cited
  • 2015Board Structure and Monitoring: New Evidence from CEO Turnovers333 cited
  • 1978Some results on incentive contracts with applications to education and employment, health insurance, and law enforcement.

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333 cited
  • 2008Regulation and Bonding: The Sarbanes-Oxley Act and the Flow of International Listings252 cited
  • Cited by

    • 2020Exploring How Independent Directors View CSR Inequality Using A Quasi-Natural Experiment34 cited
    • 2022Corporate Culture, Cultural Diversification, and Independent Directors: Evidence from Earnings Conference Calls28 cited
    • 2020Investments in human capital: The evidence from China’s new rural pension scheme28 cited
    • 2021Does board independence influence asset redeployability? Evidence from a quasi-natural experiment22 cited
    • 2021How do independent directors view generalist vs. specialist CEOs? Evidence from an exogenous regulatory shock17 cited
    • 2022Independent directors and patenting strategies: Evidence from China17 cited
    • 2022Customer concentration, managerial risk aversion, and independent directors: A quasi-natural experiment14 cited
    • 2023Estimating the effect of board independence on innovation efficiency using research quotient: a quasi-natural experiment14 cited
    • 2020Influence of independent directors on the market risks of Indian banks14 cited