The media and CEO dominance

Jiexiang Huang; Helen Roberts; Eric K.M. Tan

doi:10.1111/irfi.12338

The media and CEO dominance

Jiexiang Huang, Helen Roberts^*, Eric K.M. Tan

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

5 Citations (Scopus)

Abstract

This study investigates the relation between the media and CEO dominance. Using CEO pay slice (CPS) as a measure of CEO dominance, we find that negative CEO media exposure, measured by the interaction effects of negative media tone and media coverage given to the CEO of a firm, is associated with a reduction in CEO dominance. Consistent with theoretical predictions, we find that this effect is driven by the response of the Top4 executives to the external challenges posed by the media and is more pronounced in firms with good internal governance. The findings indicate that the media plays an important role as an external monitor, moderating manager behavior through the dissemination of news.

Original language	English
Pages (from-to)	5-35
Number of pages	31
Journal	International Review of Finance
Volume	22
Issue number	1
DOIs	https://doi.org/10.1111/irfi.12338
Publication status	Published - Mar 2022
Externally published	Yes

Keywords

CEO dominance
CEO pay slice
corporate governance
media

Access to Document

10.1111/irfi.12338

Cite this

@article{34c75684ab7d4d57a97af15e87fbedbe,

title = "The media and CEO dominance",

abstract = "This study investigates the relation between the media and CEO dominance. Using CEO pay slice (CPS) as a measure of CEO dominance, we find that negative CEO media exposure, measured by the interaction effects of negative media tone and media coverage given to the CEO of a firm, is associated with a reduction in CEO dominance. Consistent with theoretical predictions, we find that this effect is driven by the response of the Top4 executives to the external challenges posed by the media and is more pronounced in firms with good internal governance. The findings indicate that the media plays an important role as an external monitor, moderating manager behavior through the dissemination of news.",

keywords = "CEO dominance, CEO pay slice, corporate governance, media",

author = "Jiexiang Huang and Helen Roberts and Tan, {Eric K.M.}",

note = "Publisher Copyright: {\textcopyright} 2020 International Review of Finance Ltd. 2020",

year = "2022",

month = mar,

doi = "10.1111/irfi.12338",

language = "English",

volume = "22",

pages = "5--35",

journal = "International Review of Finance",

issn = "1369-412X",

number = "1",

}

TY - JOUR

T1 - The media and CEO dominance

AU - Huang, Jiexiang

AU - Roberts, Helen

AU - Tan, Eric K.M.

PY - 2022/3

Y1 - 2022/3

N2 - This study investigates the relation between the media and CEO dominance. Using CEO pay slice (CPS) as a measure of CEO dominance, we find that negative CEO media exposure, measured by the interaction effects of negative media tone and media coverage given to the CEO of a firm, is associated with a reduction in CEO dominance. Consistent with theoretical predictions, we find that this effect is driven by the response of the Top4 executives to the external challenges posed by the media and is more pronounced in firms with good internal governance. The findings indicate that the media plays an important role as an external monitor, moderating manager behavior through the dissemination of news.

AB - This study investigates the relation between the media and CEO dominance. Using CEO pay slice (CPS) as a measure of CEO dominance, we find that negative CEO media exposure, measured by the interaction effects of negative media tone and media coverage given to the CEO of a firm, is associated with a reduction in CEO dominance. Consistent with theoretical predictions, we find that this effect is driven by the response of the Top4 executives to the external challenges posed by the media and is more pronounced in firms with good internal governance. The findings indicate that the media plays an important role as an external monitor, moderating manager behavior through the dissemination of news.

KW - CEO dominance

KW - CEO pay slice

KW - corporate governance

KW - media

UR - http://www.scopus.com/inward/record.url?scp=85097556830&partnerID=8YFLogxK

U2 - 10.1111/irfi.12338

DO - 10.1111/irfi.12338

M3 - Article

AN - SCOPUS:85097556830

SN - 1369-412X

VL - 22

SP - 5

EP - 35

JO - International Review of Finance

JF - International Review of Finance

IS - 1

ER -

The media and CEO dominance

Abstract

Keywords

Access to Document

Other files and links

Fingerprint

Cite this