The majority of studies on corporate bankruptcy detection are devoted to publicly-traded
firms in advanced economies. Literature on bankruptcy prediction for private corporations is …

Purpose The purpose of this paper is to conduct a comprehensive analysis and synthesis of
the splintered chief executive officer (CEO) succession literature and provide a unifying …

CEO dismissals attract considerable attention, presumably because of the visibility, publicity,
and intrigue that often surrounds the decision to fire the CEO. With the goal of advancing …

The stakeholder perspective in the corporate social responsibility (CSR) literature
emphasizes the role of CSR in firm value creation and suggests that chief executive officers …

Using a large dataset that includes nearly 31,000 Greek private firms we examine the
determinants of the probability of corporate financial distress. Using a multi-period logit …

In this paper we study CEO contract design employing a unique dataset on privately-held
and public firm CEO annual compensation over the period 1999–2011. We first show that …

Using a hand-collected sample of election nominations for more than 30,000 directors over
the period 2001–2010, we construct a novel measure of director proximity to elections called …

Firms widely use equity incentive plans to tackle agency problems, yet how they are adopted
under wage rigidity remains unclear. We develop a simple principal–agent model with wage …

We examine whether CEO pay cut announcements during the COVID-19 pandemic are
symbolic and made to appease various stakeholders. We find that firms announcing a CEO …

Although earnings persistence should have a nontrivial impact on chief executive officer
(CEO) turnover decisions, prior studies have paid little attention to the role of earnings …