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ToolsHuang, W., Xu, W., Gao, X., Li, D. and Fu, W., 2023. Terrorist attacks and CEO compensation: UK evidence. Research in International Business and Finance, 64, 101861.
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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.
| Item Type: | Article |
|---|---|
| ISSN: | 0275-5319 |
| Uncontrolled Keywords: | Terrorist attack; CEO compensation; Rank-and-file employee compensation; Media coverage; CEO bargaining power |
| Group: | Bournemouth University Business School |
| ID Code: | 37947 |
| Deposited By: | Symplectic RT2 |
| Deposited On: | 06 Jan 2023 16:38 |
| Last Modified: | 06 Jan 2023 16:38 |
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