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• W4328104951 abstract "This study examines the association between product recall and CEO compensation. Using a sample of U.S. automobile industry product recalls from 1999 to 2018, we find that product recalls have significant negative impacts on CEO compensation. Our findings hold after controlling for the common determinants of CEO compensation, such as firms’ stock market and operating performance and CEO-specific characteristics. An additional analysis shows that CEOs’ total and long-term compensation decreases with the number of recalls. However, we find no association between CEOs’ cash compensation and product recalls." @default.
• W4328104951 created "2023-03-22" @default.
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• W4328104951 date "2023-06-01" @default.
• W4328104951 modified "2023-09-27" @default.
• W4328104951 title "Product recall and CEO compensation: Evidence from the automobile industry" @default.
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• W4328104951 doi "https://doi.org/10.1016/j.frl.2023.103815" @default.
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