EconPapers    
Economics at your fingertips  
 

Managerial style in cost asymmetry and shareholder value

Kerstin Lopatta, Thomas Kaspereit and Laura‐Maria Gastone

Managerial and Decision Economics, 2020, vol. 41, issue 5, 800-826

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.

Date: 2020
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1002/mde.3139

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:41:y:2020:i:5:p:800-826

Access Statistics for this article

Managerial and Decision Economics is currently edited by Antony Dnes

More articles in Managerial and Decision Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2020-06-04
Handle: RePEc:wly:mgtdec:v:41:y:2020:i:5:p:800-826