Because these two variables may influence both the demand and the supply side of the CEO labor market, the actual relation between these variables and the firm's propensity to adopt ex-ante severance contracts is an empirical question. We follow Parrino (1997) to calculate industry homogeneity ...
The rest of the questions (Table 1) had a multiple-choice structure (three questions with only two choices (yes/no question and 13 questions with more choices). The time needed to fill in the questionnaire was estimated to be approximately 7–10 min. The complete survey is provided in the...