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CEO equity incentive, board gender diversity, and share repurchases
|Title:||CEO equity incentive, board gender diversity, and share repurchases|
|Keywords:||CEO equity incentive|
|Date Issued:||29 Aug 2018|
|Abstract:||This study investigates the effect of CEO equity incentive on share repurchase. We further consider the influence of board gender diversity on the relation between CEO equity incentives and share repurchase. Using a sample of the Taiwan Stock Exchange and Taipei Exchange listed companies from 2002 to 2016, we document that, relative to lower equity incentive, CEOs with higher equity incentive are more likely to buy back shares, in particular when their stock prices are perceived as undervalued. Furthermore, we also find that board gender diversity mitigates the relation between CEO equity incentive and share buyback.|
|Appears in Collections:||
05 Corporate Governance|
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