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- Publications
- Influence
The CEO Pay Slice
- L. Bebchuk, M. Cremers, U. Peyer
- 2009
We investigate the relationship between the CEO Pay Slice (CPS) – the fraction of the aggregate compensation of the top-five executive team captured by the CEO – and the value, performance, and… Expand
The Nature and Persistence of Buyback Anomalies
- U. Peyer, Theo Vermaelen
- Economics
- 1 April 2009
Using recent data, we reject the hypothesis that the buyback anomalies first reported by Lakonishok and Vermaelen (1990, Journal of Finance 45:455--77) and Ikenberry, Lakonishok, and Vermaelen (1995,… Expand
The CEO Pay Slice
- Lucian A. Bebchuk, M. Cremers, U. Peyer
- Economics
- 1 September 2010
We investigate the relation between the CEO Pay Slice (CPS)--the fraction of the aggregate compensation of the top-five executive team captured by the Chief Executive Officer--and the value,… Expand
Lucky CEOs and Lucky Directors
- L. Bebchuk, Yaniv Grinstein, U. Peyer
- Business
- 15 May 2009
We study the relation between opportunistic timing of option grants and corporate governance failures, focusing on "lucky" grants awarded at the lowest price of the grant month. Option grant… Expand
The Many Facets of Privately Negotiated Stock Repurchases
- U. Peyer, Theo Vermaelen
- Economics
- 1 February 2005
We investigate the causes and consequences of 737 privately negotiated share repurchases in the years 1984-2001. In contrast to the negative announcement returns and positive repurchase premiums… Expand
Board Overlap, Seat Accumulation and Share Prices
- Claudio Loderer, U. Peyer
- Business
- 22 May 2002
We examine the board overlap among firms listed in Switzerland. Collusion, managerial entrenchment, and financial participation cannot explain it. The overlap appears to be induced by banks and by… Expand
Board Seat Accumulation by Executives: A Shareholder's Perspective
While reformers have argued that multiple directorships for executives can destroy value, we investigate firms with executives that accept an outside directorship and find negative announcement… Expand
Takeover Defenses and Competition: The Role of Stakeholders
- K. Cremers, V. Nair, U. Peyer
- Business
- 1 December 2008
This article studies the interaction between takeover defenses and competition. We find that firms in more competitive industries have more takeover defenses. This suggests that product market… Expand
Leverage and internal capital markets: evidence from leveraged recapitalizations
- U. Peyer, A. Shivdasani
- Economics
- 1 March 2001
Abstract We study the internal allocation of resources for diversified firms that complete a leveraged recapitalization. Before the recapitalization, internal capital markets allocate investment to… Expand
The Best-Performing CEOs in the World
- Morten T. Hansen, H. Ibarra, U. Peyer
- Business
- 2010
The real test of leadership is how a company performs over a CEO's entire tenure. These 50 chief execs earn high marks for delivering extraordinary results over the long term. Morten T. Hansen,… Expand
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