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Record: oai:ARNO:641721

AuteurO. Ebadi
TitelThe influences of post-resignment services of the CEO’s on the R&D expenditures
BegeleiderG. Georgakopoulos
Jaar2017
Pagina'songep.
FaculteitFaculteit Economie en Bedrijfskunde
OpleidingFEB MSc Accountancy and Control
SamenvattingThis study examined two major issues regarding managerial opportunistic behaviour during the last years at office. Firstly, this study expanded the prior literature by giving a better understanding of the relationship between R&D expenditures and the horizon issue in the post-SOX period. Secondly, I examined whether post-resignment seats could serve as incentive/moderator in the horizon issue. By analysing the data of Forbes 500 companies between 2007 and 2015 I find that CEOs facing resignment show no sign of opportunistic managerial behaviour. Furthermore, the results suggest that post-resignment seats indeed serve as a moderator in the horizon issue since the CEOs who provided post-resignment services have balanced R&D expenditures prior to departure compared to decreasing R&D expenditures of departed CEOs.
TaalEngels
Soort document scriptie master
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