Terrorist attacks and CEO compensation: UK evidence

Authors: Huang, W., Xu, W., Gao, X., Li, D. and Fu, W.

Journal: Research in International Business and Finance

Volume: 64

ISSN: 0275-5319

DOI: 10.1016/j.ribaf.2022.101861

Abstract:

This paper shows that both CEO compensation and rank-and-file employee compensation rise after terrorist attacks by employing a sample of 2558 firms in the UK from 1999 to 2018. The structure of CEO compensation growth differs in accordance with different cutoffs. Further analyses show that media coverage and CEO bargaining power accentuate the effect of terrorist attacks on CEO compensation and rank-and-file employee compensation, and the impact of media is mainly based on the information dissemination function. Our results remain valid after taking into account various robustness tests and endogeneity concerns.

https://eprints.bournemouth.ac.uk/37947/

Source: Scopus

Terrorist attacks and CEO compensation: UK evidence

Authors: Huang, W., Xu, W., Gao, X., Li, D. and Fu, W.

Journal: RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE

Volume: 64

eISSN: 1878-3384

ISSN: 0275-5319

DOI: 10.1016/j.ribaf.2022.101861

https://eprints.bournemouth.ac.uk/37947/

Source: Web of Science (Lite)

Terrorist attacks and CEO compensation: UK evidence

Authors: Huang, W., Xu, W., Gao, X., Li, D. and Fu, W.

Journal: Research in International Business and Finance

Volume: 64

DOI: 10.1016/j.ribaf.2022.101861

Abstract:

This paper shows that both CEO compensation and rank-and-file employee compensation rise after terrorist attacks by employing a sample of 2558 firms in the UK from 1999 to 2018. The structure of CEO compensation growth differs in accordance with different cutoffs. Further analyses show that media coverage and CEO bargaining power accentuate the effect of terrorist attacks on CEO compensation and rank-and-file employee compensation, and the impact of media is mainly based on the information dissemination function. Our results remain valid after taking into account various robustness tests and endogeneity concerns.

https://eprints.bournemouth.ac.uk/37947/

Source: Manual

Terrorist attacks and CEO compensation: UK evidence

Authors: Huang, W., Xu, W., Gao, X., Li, D. and Fu, W.

Journal: Research in International Business and Finance

Volume: 64

ISSN: 0275-5319

Abstract:

This paper shows that both CEO compensation and rank-and-file employee compensation rise after terrorist attacks by employing a sample of 2558 firms in the UK from 1999 to 2018. The structure of CEO compensation growth differs in accordance with different cutoffs. Further analyses show that media coverage and CEO bargaining power accentuate the effect of terrorist attacks on CEO compensation and rank-and-file employee compensation, and the impact of media is mainly based on the information dissemination function. Our results remain valid after taking into account various robustness tests and endogeneity concerns.

https://eprints.bournemouth.ac.uk/37947/

Source: BURO EPrints