Top management tournament incentives and credit ratings
Sign Up to like & getrecommendations! Published in 2019 at "Review of Quantitative Finance and Accounting"
DOI: 10.1007/s11156-019-00859-8
Abstract: This paper investigates whether the current level of tournament incentives for top executives is related to the firm’s future credit rating. Greater pay dispersion (our proxy for tournament incentives) has been found to be associated… read more here.
Keywords: credit ratings; tournament incentives; credit; pay dispersion ... See more keywords
Tournament incentives and IPO failure risk
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Banking and Finance"
DOI: 10.1016/j.jbankfin.2021.106193
Abstract: Abstract This study tests the proposition that higher tournament incentives play a major role in lowering the failure risk of Initial Public Offerings (IPOs). Measuring tournament incentives as the pay gap between the CEO and… read more here.
Keywords: tournament incentives; tournament; incentives ipo; failure risk ... See more keywords
How tournament incentives affect asset markets: A comparison between winner-take-all tournaments and elimination contests
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Economic Dynamics and Control"
DOI: 10.1016/j.jedc.2016.11.006
Abstract: We investigate the impact of investment managers׳ tournament incentives on investment strategies and market efficiency, distinguishing between winner-take-all tournaments (WTA), where a minority wins, and elimination contests (EC), where a majority wins. Theoretically, we show… read more here.
Keywords: take tournaments; investment; winner take; elimination contests ... See more keywords
Eyes on the Prize: Do Industry Tournament Incentives Shape the Structure of Executive Compensation?
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Financial and Quantitative Analysis"
DOI: 10.1017/s0022109021000570
Abstract: We investigate whether external industry tournament incentives influence the design of executive compensation contracts. Using staggered negative mobility shocks as exogenous disruptions to tournament incentives, we show that firms treated by these shocks act to… read more here.
Keywords: executive compensation; industry tournament; compensation; tournament incentives ... See more keywords
Does firm life cycle have impacts on managerial promotion tournament incentives?
Sign Up to like & getrecommendations! Published in 2020 at "Australian Journal of Management"
DOI: 10.1177/0312896220974417
Abstract: We examine whether and how firm-level promotion tournament incentives for executives, measured by the pay gap between a chief executive officer (CEO) and non-CEO executives, vary in different corporate life-cycle stages. Results show that managerial… read more here.
Keywords: life cycle; promotion tournament; tournament incentives;
Does Whipping Tournament Incentives Spur CSR Performance? An Empirical Evidence From Chinese Sub-national Institutional Contingencies
Sign Up to like & getrecommendations! Published in 2022 at "Frontiers in Psychology"
DOI: 10.3389/fpsyg.2022.841163
Abstract: The current study investigates whether tournament incentives motivate chief executive officer(s) (CEOs) to be socially responsible. Furthermore, it explores the role of sub-national institutional contingencies [i.e., state-owned enterprises (SOE) vs. non-SOEs, foreign-owned entities (FOE) vs.… read more here.
Keywords: tournament incentives; national institutional; tournament; institutional contingencies ... See more keywords
Do Tournament Incentives Matter for CEOs to Be Environmentally Responsible? Evidence from Chinese Listed Companies
Sign Up to like & getrecommendations! Published in 2022 at "International Journal of Environmental Research and Public Health"
DOI: 10.3390/ijerph19010470
Abstract: Relying on tournament theory and environmental management research, we examine how CEO tournament incentives induce top executives to invest more in green innovation. Using a sample of Chinese listed companies from 2010 to 2016, we… read more here.
Keywords: tournament incentives; ceo tournament; chinese listed; listed companies ... See more keywords