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Full-Text Articles in Social and Behavioral Sciences
Public Company Ceo Strategies For Navigating A Global Economic Shock, Trevor Lee Johnson
Public Company Ceo Strategies For Navigating A Global Economic Shock, Trevor Lee Johnson
Walden Dissertations and Doctoral Studies
Covid-19 has been the most significant economic shock of the 21st century, evidenced by the S&P 500 index plunging over 30% in early 2020. Business leaders who fail to prepare for black swan events are at a high risk of failure. Grounded in Taleb’s black swan theory, the purpose of this qualitative multiple case study was to explore strategies some public market CEOs use to defend share price returns during economic shocks. The participants were five CEOs of five publicly traded companies listed on the Toronto Stock Exchange who generated positive investor returns since the pandemic began. Data were collected …
Three Essays On Ceo Characteristics And Corporate Bankruptcy, Rajib Chowdhury
Three Essays On Ceo Characteristics And Corporate Bankruptcy, Rajib Chowdhury
Theses and Dissertations in Business Administration
Scholarly studies have focused on the impact of managerial characteristics on various corporate activities. Following this stream of literature, this dissertation empirically examines the potential effects of three major Chief Executive Officer (CEO) characteristics, i.e., CEO ability, CEO risk taking behavior induced by compensation structure, and CEO overconfidence on corporate bankruptcies. Essay 1 examines whether chief executive officers (CEOs) are to be blamed for corporate failure. Using alternative measures of CEO ability, we document that high-ability CEOs are less likely to be associated bankruptcy. Bankruptcy-related high-ability CEOs manage to salvage their post-bankruptcy careers either with the reorganized firms or with …