Matches in SemOpenAlex for { <https://semopenalex.org/work/W2117726504> ?p ?o ?g. }
- W2117726504 endingPage "229" @default.
- W2117726504 startingPage "199" @default.
- W2117726504 abstract "ABSTRACT We investigate whether boards of directors adjust compensation contracts to lengthen a CEO's decision horizon, and if the use of such contract adjustments depends on the levels of external (i.e., shareholder-based) and internal (i.e., board-based) CEO monitoring. Based on insights from the career-concerns literature, we identify short-horizon CEOs as those nearing retirement, at a firm with a current earnings decline or loss, and/or with an impending job change. We find that firms with a CEO identified as having a short-horizon place greater contract weight on forward-looking information. This horizon-lengthening contract adjustment is less pronounced when there is greater external monitoring (i.e., as proxied by a high level of shareholder rights), consistent with the intuition that increased shareholder rights mitigate CEO entrenchment, leading to less myopic decision making, independent of a contract adjustment. However, we also find that the horizon-lengthening contract adjustment is more pronounced when there is greater internal monitoring (i.e., as proxied by characteristics of the board), consistent with the intuition that increased employment risk from more intense internal monitoring itself creates a demand for increased incentive weights as a means of compensating the CEO for the increased risk. Data Availability: Data used for this study are derived from publicly available databases and proxy statements. JEL Classifications: M52; M41; J33." @default.
- W2117726504 created "2016-06-24" @default.
- W2117726504 creator A5001447567 @default.
- W2117726504 creator A5055925709 @default.
- W2117726504 creator A5086257026 @default.
- W2117726504 date "2013-01-01" @default.
- W2117726504 modified "2023-10-02" @default.
- W2117726504 title "The Use of Contract Adjustments to Lengthen the CEO Horizon in the Presence of Internal and External Monitoring" @default.
- W2117726504 cites W1494322119 @default.
- W2117726504 cites W1593924347 @default.
- W2117726504 cites W1806889616 @default.
- W2117726504 cites W1962088456 @default.
- W2117726504 cites W1967738945 @default.
- W2117726504 cites W1972282968 @default.
- W2117726504 cites W1977556417 @default.
- W2117726504 cites W1978372063 @default.
- W2117726504 cites W1978711401 @default.
- W2117726504 cites W1979825610 @default.
- W2117726504 cites W1984640356 @default.
- W2117726504 cites W1995440318 @default.
- W2117726504 cites W1997078307 @default.
- W2117726504 cites W1999770978 @default.
- W2117726504 cites W2014357420 @default.
- W2117726504 cites W2029269957 @default.
- W2117726504 cites W2029471815 @default.
- W2117726504 cites W2029882620 @default.
- W2117726504 cites W2029942536 @default.
- W2117726504 cites W2034372432 @default.
- W2117726504 cites W2036761606 @default.
- W2117726504 cites W2042976635 @default.
- W2117726504 cites W2044376291 @default.
- W2117726504 cites W2061354053 @default.
- W2117726504 cites W2061780576 @default.
- W2117726504 cites W2067179086 @default.
- W2117726504 cites W2069931157 @default.
- W2117726504 cites W2074132263 @default.
- W2117726504 cites W2076608276 @default.
- W2117726504 cites W2100455342 @default.
- W2117726504 cites W2100536344 @default.
- W2117726504 cites W2105846595 @default.
- W2117726504 cites W2109341202 @default.
- W2117726504 cites W2111562586 @default.
- W2117726504 cites W2111952179 @default.
- W2117726504 cites W2118949969 @default.
- W2117726504 cites W2122294714 @default.
- W2117726504 cites W2128896393 @default.
- W2117726504 cites W2147248109 @default.
- W2117726504 cites W2160184254 @default.
- W2117726504 cites W2161577544 @default.
- W2117726504 cites W2168489384 @default.
- W2117726504 cites W3023181463 @default.
- W2117726504 cites W3121156620 @default.
- W2117726504 cites W3121693921 @default.
- W2117726504 cites W3121897833 @default.
- W2117726504 cites W3123208803 @default.
- W2117726504 cites W3124259581 @default.
- W2117726504 cites W3124309473 @default.
- W2117726504 cites W3124343712 @default.
- W2117726504 cites W3124477224 @default.
- W2117726504 cites W3124910785 @default.
- W2117726504 cites W4229707215 @default.
- W2117726504 cites W4233420185 @default.
- W2117726504 cites W4233853195 @default.
- W2117726504 cites W4239453719 @default.
- W2117726504 cites W4251380393 @default.
- W2117726504 doi "https://doi.org/10.2308/jmar-50395" @default.
- W2117726504 hasPublicationYear "2013" @default.
- W2117726504 type Work @default.
- W2117726504 sameAs 2117726504 @default.
- W2117726504 citedByCount "6" @default.
- W2117726504 countsByYear W21177265042014 @default.
- W2117726504 countsByYear W21177265042015 @default.
- W2117726504 countsByYear W21177265042016 @default.
- W2117726504 countsByYear W21177265042020 @default.
- W2117726504 countsByYear W21177265042021 @default.
- W2117726504 crossrefType "journal-article" @default.
- W2117726504 hasAuthorship W2117726504A5001447567 @default.
- W2117726504 hasAuthorship W2117726504A5055925709 @default.
- W2117726504 hasAuthorship W2117726504A5086257026 @default.
- W2117726504 hasConcept C10138342 @default.
- W2117726504 hasConcept C111472728 @default.
- W2117726504 hasConcept C119857082 @default.
- W2117726504 hasConcept C120757647 @default.
- W2117726504 hasConcept C121332964 @default.
- W2117726504 hasConcept C121955636 @default.
- W2117726504 hasConcept C1276947 @default.
- W2117726504 hasConcept C132010649 @default.
- W2117726504 hasConcept C138885662 @default.
- W2117726504 hasConcept C144133560 @default.
- W2117726504 hasConcept C151392489 @default.
- W2117726504 hasConcept C159176650 @default.
- W2117726504 hasConcept C162324750 @default.
- W2117726504 hasConcept C175444787 @default.
- W2117726504 hasConcept C194051981 @default.
- W2117726504 hasConcept C2778137410 @default.
- W2117726504 hasConcept C2780148112 @default.
- W2117726504 hasConcept C2781426361 @default.
- W2117726504 hasConcept C29122968 @default.