We show that high cash holdings can be used by executives in the ex post bargaining over
their compensation. Cash holdings are positively associated with CEO compensation and is …

Prior studies postulate that the optimal level of firms’ cash holding is dynamic and, thereby,
managers should actively adjust cash holdings. I find that the more volatile a firm’s cash …

We explore the readability of 30,000 registered investment advisor disclosures and find that
these disclosures are written to a college reading level. This finding suggests it will be …

Although compensation contracts rarely include cash holdings as a factor, we show that high
cash holdings can be used by executives in the ex post bargaining over compensation. An …

As the number of women in leadership positions continues to rise, it is important to closely
examine the gender pay gap at the executive level. Prior studies examining the gender pay …

Gender has been shown to influence investment behavior and performance. We focus on
firms who predominantly cater to one gender based on textual analysis of gender keywords in …

The use of an investment advisor presents an agency problem: The firm works in the client’s
interest while also managing its own growth. We use a dataset of over 30,000 advisor-year …

Corporate cash holdings have a significantly positive impact on executive compensation,
distinct from the well-documented relation between performance and compensation. An …

… Yingmei Cheng, Jarrad Harford, Irena Hutton, and Stephan Shipe … An American Call Is
Worth More Than a European Call: The Value of American Exercise When the Market Is Not …

We examine how firms use the network of overlapping directorships to determine chief executive
officer (CEO) compensation. We contribute to related work by empirically exploring two …