Managerial style in cost asymmetry and shareholder value

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review

3 Scopus Citations
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Author(s)

Detail(s)

Original languageEnglish
Pages (from-to)800-826
Number of pages27
Journal / PublicationManagerial and Decision Economics
Volume41
Issue number5
Online published28 Jan 2020
Publication statusPublished - Jul 2020
Externally publishedYes

Abstract

We show that CEOs' contribution to SG&A cost asymmetry is associated with lower shareholder value. CEO-related excess SG&A cost stickiness of CEOs with compensation less tied to shareholder value creation and high power drive this association. Last, we provide first evidence that cost asymmetry incorporates a harmful element to the firm and shareholders, namely CEO-related excess SG&A cost asymmetry.

Citation Format(s)

Managerial style in cost asymmetry and shareholder value. / Lopatta, Kerstin; Kaspereit, Thomas; Gastone, Laura-Maria.
In: Managerial and Decision Economics, Vol. 41, No. 5, 07.2020, p. 800-826.

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review