Wu, H.T.

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Human behavior is fascinating, and there is no exception to what its influences are on the financial market. This dissertation consists of three essays that examine corporate behavior that is affected by decisions made by the top management. The first essay studies the rationale for leveraged buyout syndication. It demonstrates discrepancies among the decisions made by managers with different educational backgrounds as well as a network effect when it comes to cooperation. The second essay investigates what firm attributes lead to CEO option date manipulation. It suggests that this practice is not a result of inferior corporate governance, and the passage of the 2002 SOX seems to change the considerations behind. The third essay explores whether the existence of family influences helps alleviate the traditional principal-agent problem in small corporations. The findings are consistent with family control acting as a substitute for pay performance as a corporate governance mechanism. Taken together, this dissertation contributes to the understanding not only the role played by the top management, but also the mechanisms involved in the process, either in decision making or in performance

International Migration, Integration and Social Cohesion online publications

UvA-DARE is a service provided by the library of the University of Amsterdam (https://dare.uva.nl)UvA-DARE (Digital Academic Repository)Essays on top management and corporate behaviorWu, H.T.Publication date2010Link to publicationCitation for published version (APA):Wu, H. T. (2010). Essays on top management and corporate behavior. [Thesis, fully internal,Universiteit van Amsterdam]. Thela Thesis.General rightsIt is not permitted to download or to forward/distribute the text or part of it without the consent of the author(s)and/or copyright holder(s), other than for strictly personal, individual use, unless the work is under an opencontent license (like Creative Commons).Disclaimer/Complaints regulationsIf you believe that digital publication of certain material infringes any of your rights or (privacy) interests, pleaselet the Library know, stating your reasons. In case of a legitimate complaint, the Library will make the materialinaccessible and/or remove it from the website. Please Ask the Library: https://uba.uva.nl/en/contact, or a letterto: Library of the University of Amsterdam, Secretariat, Singel 425, 1012 WP Amsterdam, The Netherlands. Youwill be contacted as soon as possible.Download date:09 Mar 2023Essays on Top Managementand Corporate BehaviorEssays on Top Management and Corporate Behavior    Hui-Ting WuHui-Ting WuUniversiteit van AmsterdamResearch SeriesHuman behavior is fascinating, and there is no exception to what itsinfluences are on the financial market. This dissertation consists of three essays that examine corporate behavior that is affected by decisions made by the top management. The first essay studies the rationale for leveraged buyout syndication. It demonstrates discrepancies among the decisions made by managers with different educational backgrounds as well as a network effect when it comes to cooperation. The second essay investigates what firm attributes lead to CEO option date manipulation. It suggeststhat this practice is not a result of inferior corporate governance, andthe passage of the 2002 SOX seems to change the considerations behind.The third essay explores whether the existence of family influences helps alleviate the traditional principal-agent problem in small corporations.The findings are consistent with family control acting as a substitute for pay performance as a corporate governance mechanism. Taken together, this dissertation contributes to the understanding not only the role played by the top management, but also the mechanisms involved in the process, either in decision making or in performance.  Hui-Ting (Betty) Wu received her bachelor’s degree in Economics atNational Taiwan University, and a master’s degree in Economics at University of Virginia. In 2007, she graduated with the MPhil in Economics at Tinbergen Institute. Since then, she participated in the PhD program in Finance at University of Amsterdam, while being affiliated with the European Corporate Governance Training Network until 2008. Starting from September 2010, she will join Yonsei University as an assistant professor of Finance in the School of Business. Her research interests include empirical corporate finance, behavioral finance, and financial development.480

Essays on top management and corporate behavior

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Essays on top management and corporate behavior

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International Migration, Integration and Social Cohesion online publications