Social status, CEO pay and the market for directors:
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Mannheim
2016
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | ii, 193 Seiten Diagramme |
Staff View
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Record in the Search Index
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| adam_text | Contents
I Introduction 7
1 Overview of the Subject...................................... 7
2 Outline of the Dissertation.................................. 8
II CEO Social Status and Executive Compensation: Evidence
from Europe 11
1 Introduction ................................................11
2 Data and Descriptive Statistics..............................16
2.1 Data on CEO Awards....................................16
2.2 Compensation and Firm Characteristics.................18
2.3 Descriptive Statistics................................20
3 Main Results.................................................21
3.1 Baseline Results......................................21
3.2 Matching Results......................................25
3.3 Analysis of Differences...............................27
3.3.1 Univariate Results.................................27
3.3.2 Multivariate Results...............................30
3.3.3 Analysis of Differences on the Matched Sample .... 31
3.4 Culture, Social Status, and Executive Compensation . . 33
3.5 Alternative Explanations..............................36
3.6 Robustness Checks.....................................37
4 Conclusion...................................................38
Appendix A: Variable Definitions and Data Sources.................39
Appendix B: Data on CEO Awards ..............................41
Appendix C: Correlation Matrix and Clustering by Award Type ... 46
Tables............................................................50
1
Figures
66
III Reputation and Settling-Up in the Market for Boardroom
Talent: Evidence from Director Awards 71
1 Introduction .................................................71
2 Data..........................................................77
2.1 Director Awards.........................................77
2.2 Descriptive Statistics..................................80
3 Construction of a Matched Sample..............................81
4 Main Results..................................................83
4.1 Market Reaction to Awards ..............................83
4.2 Net Change in Directorships for Awardees and non-
Awardees...............................................84
4.2.1 Univariate Results...................................85
4.2.2 Multivariate Analysis of Net Changes in Directorships 86
4.3 Gained Board Seats and New Leadership Roles.............87
4.4 Relinquished Board Seats and Outside Opportunities . 89
4.5 Internal Labor Markets for Directors ...................91
5 Conclusion....................................................93
Appendix A: Variable Definitions and Covariate Balance..............95
Appendix B: Data on Director Awards.......................98
Figures...........................................................104
Tables.............................................................105
IV Pride and Prestige: Why Some Firms Pay Their CEOs Less 122
1 Introduction ................................................122
2 Data and Summary Statistics..................................129
2.1 Compensation Data......................................129
2.2 Media Rankings.........................................130
2.3 Summary Statistics.....................................133
2.4 Determinants of Prestige...............................134
2.5 Event Windows and Univariate Differences...............137
3 The impact of Firm Prestige on Compensation..................138
3.1 Baseline Results.......................................138
3.2 Identification.........................................142
2
3.3 Alternative Media Rankings ....
4 What Explains the Effect?................
4.1 Prestige and Corporate Governance
4.2 Status Concerns or Career Concerns?
4.3 The Limelight Hypothesis..........
4.4 The Substitution Hypothesis ....
4.5 Other Potential Explanations . . .
5 Robustness Checks........................
6 Conclusion...............................
Appendix: FTMA Firms and Variable Definitions
Tables........................................
Figures.......................................
158
160
161
164
181
References
183
*
3
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| spelling | Zhivotova, Evgenia 1986- Verfasser (DE-588)1138059242 aut Social status, CEO pay and the market for directors Evgenia Zhivotova Mannheim 2016 ii, 193 Seiten Diagramme txt rdacontent n rdamedia nc rdacarrier Dissertation Universität Mannheim 2017 Vergütung (DE-588)4062855-3 gnd rswk-swf Arbeitsmarkt (DE-588)4002733-8 gnd rswk-swf Chief Executive Officer (DE-588)1030304009 gnd rswk-swf Europa (DE-588)4015701-5 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content (DE-588)4143413-4 Aufsatzsammlung gnd-content Europa (DE-588)4015701-5 g Chief Executive Officer (DE-588)1030304009 s Arbeitsmarkt (DE-588)4002733-8 s Vergütung (DE-588)4062855-3 s DE-604 Mannheim (DE-588)4037372-1 gnd uvp Digitalisierung UB Augsburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029961010&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Zhivotova, Evgenia 1986- Social status, CEO pay and the market for directors Vergütung (DE-588)4062855-3 gnd Arbeitsmarkt (DE-588)4002733-8 gnd Chief Executive Officer (DE-588)1030304009 gnd |
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| title | Social status, CEO pay and the market for directors |
| title_auth | Social status, CEO pay and the market for directors |
| title_exact_search | Social status, CEO pay and the market for directors |
| title_full | Social status, CEO pay and the market for directors Evgenia Zhivotova |
| title_fullStr | Social status, CEO pay and the market for directors Evgenia Zhivotova |
| title_full_unstemmed | Social status, CEO pay and the market for directors Evgenia Zhivotova |
| title_short | Social status, CEO pay and the market for directors |
| title_sort | social status ceo pay and the market for directors |
| topic | Vergütung (DE-588)4062855-3 gnd Arbeitsmarkt (DE-588)4002733-8 gnd Chief Executive Officer (DE-588)1030304009 gnd |
| topic_facet | Vergütung Arbeitsmarkt Chief Executive Officer Europa Hochschulschrift Aufsatzsammlung |
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