The impact of CEO power and ethical corporate citizenship on firms' outcomes

Article Economics

CEO power and corporate social responsibility decoupling

Yasir Shahab et al.

Summary: The study finds that CEO power increases corporate social responsibility decoupling, indicating that firms with powerful CEOs are more likely to manage CSR performance through decoupling.

APPLIED ECONOMICS LETTERS (2022)

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Article Business, Finance

Determinants of bank risk governance structure: A cross-country analysis

Quang Khai Nguyen

Summary: The study reveals that the risk governance structure of banks is positively related to the scope of operation and monitoring benefits, but negatively related to monitoring costs and CEO negotiation power. However, these relationships vary between banks with different levels of risk and in countries with different institutional qualities.

RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE (2022)

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Article Business, Finance

CEO compensation and firm performance: Evidence from financially constrained firms*

Qian Long Kweh et al.

Summary: Financial constraints have a negative moderating effect on the relationship between firm performance and CEO compensation, especially in terms of bonuses. Financially constrained firms tend to prioritize cost-saving and safeguarding future investment and liquidity, resulting in stricter control over the growth of CEO compensation.

RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE (2022)

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Article Business, Finance

ESG disclosure and Firm performance: A bibliometric and meta analysis

Muhammad Arif Khan

Summary: This study synthesizes literature on ESG performance and its impact on performance through bibliometric analysis and meta-analysis. It presents three research streams and provides an overview of the field of sustainable finance. The results show that the link between ESG and firm financial performance is still uncertain and requires further research.

RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE (2022)

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Article Business, Finance

CEO power and discontinued operations

Li Sun et al.

Summary: There is a significant positive relationship between CEO power and discontinued operations, suggesting that more powerful CEOs are more likely to discontinue business operations and report a larger magnitude of discontinued operations.

ADVANCES IN ACCOUNTING (2022)

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Article Business, Finance

Female CFOs, leverage and the moderating role of board diversity and CEO power

Lisa Schopohl et al.

Summary: The research shows that female CFOs are more effective in reducing corporate leverage in firms with diverse boards and less powerful CEOs. Externally appointed female CFOs are found to reduce leverage more compared to internally appointed ones, possibly due to fewer allegiances to other top managers and greater flexibility in policy-making.

JOURNAL OF CORPORATE FINANCE (2021)

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Article Business, Finance

Excessive managerial entrenchment, corporate governance, and firm performance

Christelle Antounian et al.

Summary: This paper investigates the differential impact of positive and negative excessive managerial entrenchment on CEO turnover-performance sensitivity, CEO compensation, and firm performance. The findings suggest that excess CEO entrenchment decreases the likelihood of CEO turnover due to poor performance, but is positively associated with CEO compensation. However, excessive entrenchment has a negative correlation with firm performance and value.

RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE (2021)

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