SnO events

25 September 2017

SnO meeting, October 3, 2017

SnO meeting, October 3, 2017


1) Update on projects

2) Send requests to Funding your Research Projects related to SnO

3) Research Presentation: Zach Rodgers (Stanford, Research Fellow at SnO): "Doing Good to do Good, and Eventually to do Well: Equifinality of Short-term Financial Success Versus Moral and Long-term Financial Success"

4) Research Presentation: Georg Wernicke (CBS): "What drives media disapproval of overpaid CEOs and when does it trigger cuts in CEOs excess pay ?" with JP Vergne & Steffen Brenner - see abstract below


We draw on the signaling and infomediary literatures to examine how media evaluations of CEO overcompensation (a negative cue associated wth selfishness and greed) are affected by the presence of corporate philantropy (a positive cue associated with altruism and generosity). In line with our theory on signal incongruence, we find that firms engaged in pilanthropy receive more media disapproval  for overpaying thier CEOs, but they are also more likely to decrease CEO overcompensation as a response . Our study contributes to the signaling literature by theorizing about signal incongruence and to infomediary and coporate governance research by showing, for the fist time, that media disapproval can lead to lower executive compensation. We also reconcile two conflicting views on firm prosocial behavior by showing that, in the presence of incongruent cues, pilanthropy can simultaneously enhance and damage media evaluations of firms. Taken together, these findings shed new light on the media as agents of external coporate governance for firms and open new avenues for research on executive compensation.

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