... will be employed: Thi Hong An Thai can be contacted at: antth@due.edu.vn 30 11 2023 01 03 2024 02 07 2024 29 07 2024 Adjustment speed Firm performance CEO power Target leverage Ownership G32 O53 Since Modigliani and Miller’s irrelevance hypothesis was introduced...

... evaluated whether CSR activities embody managerial overinvestment and agency costs using CEO equity ownership as a proxy for CEO power and managerial entrenchment. They have found that CEO equity ownership is negatively related to CSR activities, rejecting the agency-cost hypothesis. We expect CEO ownership...

... tendencies of the two genders by examining if CEO power impacts the relation between CEO gender and earnings management. Design/methodology/approach The authors begin the analysis using standard regressions using the propensity score matched (PSM) samples and examine if CEO power mediates or amplifies...

...Akhilesh Bajaj; Li Sun Purpose Borderline firms whose bond rating has a plus or minus specification by a rating agency face a greater potential for an upgrade or downgrade by the agency. The authors examine the level of chief executive officer (CEO) power in firms with a plus or minus bond rating...

...Shin-Rong Shiah-Hou Purpose This study explores the effect of CEO power on earnings quality. If powerful CEOs make the information environment more opaque, they can easily conceal information to hide self-dealing behavior through earnings manipulation. Conversely, if powerful CEOs who are well...