CEO contractual protection and managerial short-termism

How to address managerial short-termism has been an important issue for companies, regulators, and researchers. In this paper we examine the impact of CEO contractual protection, in the form of employment agreement and severance pay agreement, on managerial short-termism. We find that firms with CEO...

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Bibliographic Details
Main Authors: CHEN, Xia, CHENG, Qiang, Lo, Alvis, WANG, Xin
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2012
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Online Access:https://ink.library.smu.edu.sg/soa_research/983
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Institution: Singapore Management University
Language: English

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