Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/230201 
Year of Publication: 
2020
Citation: 
[Journal:] Managerial and Decision Economics [ISSN:] 1099-1468 [Volume:] 41 [Issue:] 5 [Publisher:] Wiley [Place:] Hoboken, NJ [Year:] 2020 [Pages:] 800-826
Publisher: 
Wiley, Hoboken, NJ
Abstract: 
We show that CEOs' contribution to SG&A cost asymmetry is associated with lower shareholder value. CEO-related excess SG&A cost stickiness of CEOs with compensation less tied to shareholder value creation and high power drive this association. Last, we provide first evidence that cost asymmetry incorporates a harmful element to the firm and shareholders, namely CEO-related excess SG&A cost asymmetry.
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Creative Commons License: 
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Document Type: 
Article
Document Version: 
Published Version

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