What happens to CEOs after they retire? New evidence on career concerns, horizon problems, and CEO incentives

Article Abstract:

An examination of the career concerns of CEOs shows that these concerns do not always end with retirement. Many CEOs, in fact, remain active after their retirement, serving on their company's corporate boards. Most of them are CEOs who are retained for board duties because of their performance prior to retirement. Performance, in this case, is usually measured in terms of stock returns to shareholders in their final two years as CEOs. Some CEOs also serve on the boards of other companies. For such CEOs, performance is usually judged by accounting returns rather than stock returns.

Board of Directors-Functions, Chief Executive-Functions, Research, Usage, Corporate directors, Corporate governance, Chief executive officers, Executives, Incentives (Business), Boards of directors

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Boundaries of the firm: evidence from the banking industry

Article Abstract:

Asset ownership and decision authority are complementary as implied by the Agency theory. Based on the 1998 data obtained from Texas commercial banks, it is proved that differences among firms in terms of location, customers, and products are created by the complementarities between strategy and organizational structure.

Management dynamics, Texas, Financial Systems & Controls, Financial Management, International aspects, Company business management

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The duration of bank relationships

Article Abstract:

The duration of bank-corporation relationships in Norway is analyzed.

Commercial Banking, Norway, Commercial Bank Corporate Svcs, Statistical Data Included, Analysis, Corporations, Client development, Corporate banking

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