4 found
Order:
  1.  18
    Resistance to Change in the Corporate Elite: Female Directors’ Appointments Onto Nordic Boards.Aleksandra Gregorič, Lars Oxelheim, Trond Randøy & Steen Thomsen - 2017 - Journal of Business Ethics 141 (2):267-287.
    In this empirical study, we investigate the variation in firms’ response to institutional pressure for gender-balanced boards, focusing specifically on the preservation of prevailing practices of director selection and its impact on the representation of women on the board of directors. Using 8 years of data from publicly listed Nordic corporations, we show societal pressure to be one of the determinants of female directorship. Moreover, in some corporations, the director selection process may work to maintain “a traditional type of board”. (...)
    Direct download (4 more)  
     
    Export citation  
     
    Bookmark   3 citations  
  2.  12
    Cronyism and the Determinants of Chairman Compensation.Lars Oxelheim & Kevin Clarkson - 2015 - Journal of Business Ethics 131 (1):69-87.
    This study examines determinants of chairman compensation in a supervisory board setting and, specifically, the relationship between chairman and CEO compensation. Using a sample of publicly listed firms in Sweden, the study indicates that chairman compensation—despite its fixed nature—is reflective of firm performance via a positive relationship to CEO compensation. As CEO compensation is set before chairman compensation, we argue that the chairman may be inclined to conspire with the CEO in earnings management efforts at the expense of monitoring on (...)
    Direct download (2 more)  
     
    Export citation  
     
    Bookmark   1 citation  
  3.  15
    Macroeconomic Fluctuations as Sources of Luck in CEO Compensation.Hsin-Hui Chiu, Lars Oxelheim, Clas Wihlborg & Jianhua Zhang - 2016 - Journal of Business Ethics 136 (2):371-384.
    Macroeconomic fluctuations in interest rates, exchange rates, and inflation can be considered sources of good or bad “luck” for corporate performance if management is unable to adjust operations to these fluctuations. Based on a sample of 2,091 US firms, we decompose the impacts of macroeconomic fluctuations on three measures of CEO compensation. Our study provides empirical support for the importance of considering macroeconomic fluctuations in designing CEO incentive schemes. It adds to the managerial power literature on moral hazard and CEO (...)
    Direct download (2 more)  
     
    Export citation  
     
    Bookmark  
  4.  21
    Macroeconomic Uncertainty as a Corporate Policy Issue.Lars Oxelheim - 1988 - World Futures 25 (1):101-130.
    Direct download (3 more)  
     
    Export citation  
     
    Bookmark