Please use this identifier to cite or link to this item: http://hdl.handle.net/10125/59293

CEO equity incentive, board gender diversity, and share repurchases

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dc.contributor.author Chen, Chan-Jung
dc.contributor.author Lu, Chien-Ju
dc.date.accessioned 2018-11-27T19:11:13Z
dc.date.available 2018-11-27T19:11:13Z
dc.date.issued 2018-08-29
dc.identifier.uri http://hdl.handle.net/10125/59293
dc.description.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.
dc.subject CEO equity incentive
dc.subject Repurchases
dc.subject board gender
dc.title CEO equity incentive, board gender diversity, and share repurchases
Appears in Collections: 05 Corporate Governance


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