IE University

About: IE University is a education organization based out in Segovia, Castilla y León, Spain. It is known for research contribution in the topics: Corporate governance & Context (language use). The organization has 527 authors who have published 1709 publications receiving 64682 citations.

Comments on Shan and Walter: ‘Towards a Set of Design Principles for Executive Compensation Contracts’

Abstract: This paper is developed around the set of design principles for executive compensation contracts as outlined in the study of Shan and Walter (2014). We propose guidance for determining an appropriate CEO starting compensation level based on past performance and the market for managerial talent. We also outline factors to be considered in determining annual changes to CEO compensation. This paper argues that stock options and restricted stock grants should become exercisable only upon meeting both time and performance criteria against an appropriate benchmark peer group. We agree with Shan and Walter’s (2014) recommendations regarding termination payments and make suggestions on how to apply these recommendations in practice.

Examining the Empirical Links Between Digital Social Pressure, Personality, Psychological Distress, Social Support, Users’ Residential Living Conditions, and Smartphone Addiction:

Abstract: Based on the recent scientific literature on the social ecology of smartphone addiction, we have examined the empirical relationship between social digital pressure (SDP) and smartphone addiction b...

The effect of corporate social performance on the financial performance of business‐to‐business and business‐to‐consumer firms

Abstract: There exists a widespread managerial belief that higher corporate social performance (CSP) increases both firm value and sales. Although numerous studies provide evidence of a positive effect of CSP on firm value, whether CSP can impact sales remains largely unknown. Can CSP influence sales? Is this effect contingent on the product‐market profile, that is, on whether firms operate in business or consumer markets? We use a panel dataset comprising 23,769 firm‐year observations to help address these questions. We find that higher CSP has a strong negative effect on sales for business‐to‐consumer firms but an insignificant or economically trivial effect for business‐to‐business firms. However, we also find that higher CSP has a positive effect on firm value for both types of firms. Taken together, these results demonstrate that higher CSP results in higher firm value but can hurt sales. We discuss the theoretical contributions and managerial implications of these findings.

Conjunctive Management Through Collective Action

Abstract: This chapter focuses on the interaction between conjunctive management and collective action. Collective action has several characteristics that provide a natural ‘fit’ with conjunctive management. These include building trust and ownership to enhance water user’s acceptance of the need for better and more integrated management and resolving conflict and facilitating trade-offs between and across water users. But what are the opportunities and challenges for conjunctive management through collective action? And what types of settings encourage broad-based collective action by water users and governments? These questions are addressed through a comparative analysis of specific instances of groundwater governance in Australia, Spain, and the western United States of America. For each case, the diverse policy and institutional settings are explained, and consideration given to the motivators for, and successes of, conjunctive management and collective action. The chapter draws comparisons across the cases to suggest lessons on incentives for conjunctive management, as well as exploring its challenges, before identifying future directions for more effective integrated water management.