Top management ties with board members: How they affect pay-performance sensitivity and IPO performance

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dc.contributor.authorChahine, Salim
dc.contributor.authorGoergen, Marc
dc.contributor.departmentOSB
dc.contributor.facultySuliman S. Olayan School of Business (OSB)
dc.contributor.institutionAmerican University of Beirut
dc.date.accessioned2025-01-24T12:15:17Z
dc.date.available2025-01-24T12:15:17Z
dc.date.issued2014
dc.description.abstractThis paper is the first study on the effects of pay-performance sensitivity (PPS) on the performance of initial public offerings (IPOs) in the presence of social ties and family ties of the top managers with board members. We find that both social ties and family ties increase PPS. In turn, PPS improves IPO performance. More importantly, greater PPS increases the positive effect of social ties on IPO performance whereas it reduces the negative effect of family ties. © 2013 Elsevier B.V.
dc.identifier.doihttps://doi.org/10.1016/j.jcorpfin.2014.04.007
dc.identifier.eid2-s2.0-84899980650
dc.identifier.urihttp://hdl.handle.net/10938/33242
dc.language.isoen
dc.publisherElsevier
dc.relation.ispartofJournal of Corporate Finance
dc.sourceScopus
dc.subjectFamily ties
dc.subjectHomophily
dc.subjectInitial public offerings (ipos)
dc.subjectPay-performance sensitivity
dc.subjectSocial ties
dc.titleTop management ties with board members: How they affect pay-performance sensitivity and IPO performance
dc.typeArticle

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