Board’s Dual Role of Advising and Monitoring CEOs and CEO Retention Decisions

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Grant Data
Project Title
Board’s Dual Role of Advising and Monitoring CEOs and CEO Retention Decisions
Principal Investigator
Professor Chan, Derek Kwok Wing   (Principal Investigator (PI))
Co-Investigator(s)
Dr Kim Tae Wook   (Co-Investigator)
Duration
30
Start Date
2021-01-01
Completion Date
2023-06-30
Amount
284587
Conference Title
Board’s Dual Role of Advising and Monitoring CEOs and CEO Retention Decisions
Keywords
Advising, Board of directors, CEO retention, Earnings management, Monitoring
Discipline
AccountingFinance
Panel
Business Studies (B)
HKU Project Code
17503520
Grant Type
General Research Fund (GRF)
Funding Year
2020
Status
Completed
Objectives
1) To investigate the equilibrium relationship between the optimal board composition and the efficiency of the board’s CEO retention decision, which is measured by the expected total cost of undue CEO replacement and retention in our model; 2) To draw testable implications on how the optimal board composition, probabilities of accounting misstatements and CEO replacement (retention) despite having a good (bad) accounting report are related to firm, industry and market characteristics.