Separating the roles of the CEO and the chair of the board of directors is considered best practice by many regulators, but should this be? Professor Marc Goergen draws from his research to discuss how combining the two roles can affect a firm’s leadership and shareholder value. Please read more here.
The Impact of CEO Political Ideology on Labour Cost Reductions and Payout Decisions During the COVID-19 Pandemic
How did CEOs of S&P500 firms navigate the challenges of the COVID-19 pandemic? Did they prioritize shareholders by maintaining dividends, or did they focus on protecting jobs? In a recent study conducted with my co-authors Ali Bayat , Panagiotis Koutroumpis and Xingjie Wei , we find that the answer to this question depends on a CEO's political orientation. The study was published in the Journal of Corporate Finance where it is available for free via open access . A brief podcast discussing the study is available below. Marc Goergen · Podcast - Covid paper
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