Texas Christian University

About: Texas Christian University is a education organization based out in Fort Worth, Texas, United States. It is known for research contribution in the topics: Population & Poison control. The organization has 3245 authors who have published 8258 publications receiving 282216 citations. The organization is also known as: TCU & Texas Christian University, TCU.

Forgotten but not gone: an examination of fit between leader consideration and initiating structure needed and received.

Abstract: We examined the effects of fit between leader consideration and initiating structure needed and received on employees' work-related attitudes (i.e., trust in the supervisor, job satisfaction, and affective commitment to the organization). Consistent with predictions that derive from the person-environment fit research tradition, results from Study 1 suggested that deficient amounts of both leadership behaviors were associated with unfavorable attitudinal outcomes. However, while excess levels of consideration were associated with favorable attitudinal outcomes, excess levels of initiating structure were associated with unfavorable attitudes, and for both forms of leadership, higher levels of absolute fit were associated with more favorable outcomes. Results from Study 2 suggested that attitudes generated by the fit between leadership needed and received influence employees' organizational citizenship behavior as reported by their supervisors. The relationship between consideration needed and received and subordinates' organizational citizenship behavior relating to individuals (OCBI) and organizational citizenship behavior relating to the organization itself (OCBO) was partially mediated by employees' trust in the supervisor, while the relationship between initiating structure needed and received and OCBI was fully mediated by trust in the supervisor, and for OCBO was partially mediated.

Performance-Vesting Provisions in Executive Compensation

Abstract: The usage of performance vesting (p-v) equity awards to top executives in large US companies has grown from 20 to 70 percent from 1998 to 2012. We assess the implications of these increasingly complex awards by examining the accuracy of and biases in disclosure and the connection between the structure of executive pay, risk-taking incentives, and firm risk. To do so, we develop and implement new methods that empirically quantify the significant effects of p-v provisions on the value, delta, and vega of equity-based compensation. We find large biases in the value of executive compensation reported in company disclosures. The elasticity of reported value in economic value is far less than one, with additional bias downward (upward) for large institutional ownership (when the firm uses a high-market-share compensation consultant). Our analysis empirically reaffirms the presence of a causal relation in both the time series and cross section between compensation convexity and firm risk.

Litigation Risk and Voluntary Disclosure: The Use of Meaningful Cautionary Language

Abstract: This study investigates firms' voluntary disclosure of cautionary language under the safe harbor of the Private Securities Litigation Reform Act of 1995. We examine three disclosure attributes indicative of meaningful cautionary language under the statute. Consistent with predictions, we find that firms subject to greater litigation risk disclose more cautionary language, update the disclosure more from year-to-year, and use more readable language. The response to changes in litigation risk is asymmetric; firms increase their use of cautionary language when litigation risk increases but do not remove cautionary language when litigation risk decreases. Taken together, our evidence suggests that firms adopt disclosure policies to reduce the expected costs of litigation.