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The Impact of CEO Quality on the Number of Outside Directorships , CEO Cash Compensation and Firm Performance 1 2
| Content Provider | Semantic Scholar |
|---|---|
| Author | Ghosh, Chinmoy Padmanabhan, Dinesh K. |
| Copyright Year | 2007 |
| Abstract | The link between CEO quality and outside directorships is first inves tigated. Using various proxies for CEO quality (measured ex-ante), We find that g re ter the quality of the CEO, more the number of outside directorships taken. We also find a ge cy related issues in a sub sample of the data. We then investigate the effe ct of CEO quality (measured ex-ante) and outside directorships on cash compensation awa rded to CEOs. While CEO quality explains cross-sectional variation in cash c ompensation, empirical result demonstrates that a non monotonic function characterizes the r elationship between number of outside directorships held and the cash compensation received. Als o, consistent with efficient market hypothesis, We find positive corre lation between ex-ante measures of CEO quality and firm performance. 1. Professor, Univ. of Connecticut, Department of Finance, Unit 1041, Storrs, CT 06269 USA.Email:Chinmoy@sba.uconn.edu. Tel: +1 8604864431. Fax: +1 8604860634 2. PhD Candidate, Univ. of Connecticut, Department of Finance, Unit 1041, Storrs, CT 06269 USA .Email:DPadmanabhan@business.uconn.edu. Tel: +18604866424 . Fax: +18604860634 |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.efmaefm.org/0EFMAMEETINGS/EFMA%20ANNUAL%20MEETINGS/2007-Austria/papers/0376.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |