Managerial Finance: Volume 24 Issue 2

Dual office holding, corporate governance and takeover gains

Rakesh Duggal, Mike Cudd

Outlines various criticisms of the corporate practice of having the same individual as chief executive officer and chairman of the board but recognizes that it may also have some…

The effect of CEO control on compensation risk management through golden parachute adoption

Michael F. Toyne, James A. Millar

Considers the factors affecting chief officers’ (CEOs’) compensation risk and control, develops hypotheses on the relationship between the two and tests them on data from a sample…

The risk of signalling failure and managers’ trading before self‐tender stock repurchases

Feng‐Ying Liu, Michael Gombola

Outlines previous research on the signalling power of stock repurchases and insider trading activity before stock repurchases. Examines data from a sample of self‐tender stock…

The effects of management control mechanisms on firm level capital equipment investment

Barbara M. Yates, David E. Tinius

Discusses previous research on the disincentive effects of some management performance measures on capital investment and the relationship between agency mechanisms…

The CEO pay‐performance relationship: pooled vs. industry models

Stephen Hogan, Kevin Sigler

Summarizes previous research on the links between chief executive officer (CEO) compensation, firm performance and industry; and compares pay‐performance relationships calculated…