One Dollar CEOs

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dc.contributor.authorLoureiro, Gilbertopor
dc.contributor.authorMakhija, Anil K.por
dc.contributor.authorZhang, Danpor
dc.date.accessioned2021-01-15T14:39:05Z
dc.date.available2023-01-01T07:01:03Z
dc.date.issued2020
dc.description.abstractWe study the impact of $1 CEO salaries on firm performance and CEO total compensation. We find that, on average, $1 CEO firms earn higher total compensation and lower stock market returns relative to their peers after the adoption of $1 salaries. The effect on total compensation is mitigated if the $1 CEO firm is undergoing restructuring or the CEO is entrenched and aggravated if the CEO is overconfident. The stock market underperformance especially affects firms not under a restructuring process and firms with entrenched or overconfident CEOs.por
dc.description.sponsorshipGilberto Loureiro also thanks FEDER through COMPETE and FCT (Fundação para a Ciência e a Tecnologia) for financial support – COMPETE2020 under PT2020 Partnership Agreement.por
dc.distributioninternationalpor
dc.identifier.doi10.1016/j.jbusres.2019.11.086por
dc.identifier.issn0148-2963por
dc.identifier.urihttps://hdl.handle.net/1822/69289
dc.language.isoengpor
dc.peerreviewedyespor
dc.publisherElsevierpor
dc.relationinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F03182%2F2020/PTpor
dc.relationinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDP%2F03182%2F2020/PTpor
dc.rightsopenAccesspor
dc.subjectCEO compensationpor
dc.subjectCEO characteristicspor
dc.subjectFirm performancepor
dc.subjectRestructuringpor
dc.subjectEntrenched CEOspor
dc.subject.wosSocial Sciencespor
dc.titleOne Dollar CEOspor
dc.typearticlepor
dspace.entity.typePublicationen
oaire.citationEndPage439por
oaire.citationStartPage425por
oaire.citationVolume109por
sdum.journalJournal of Business Researchpor

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NIPE - Artigos em revistas de circulação internacional com arbitragem científica | Articles in international peer-reviewed journals