On 10 April at 12:00 there will be an ODA seminar by Zhudong Rui, Jakob Arnoldi & Miriam Flickinger entitled:

Do Boards in New Ventures Monitor Management?: The Impact of New Venture Boards on CEO Pay

Abstract
The existing literature on new venture boards highlights the service function of new venture boards while neglecting their monitoring function. Drawing on behavioral agency theory we shed light on how new venture boards monitor CEO pay and how the monitoring is affected by the power balance between boards and CEOs. Based on 121,031 firm-year observations of Danish new ventures between 2015 and 2020, we observe significant effects of board monitoring on CEO pay. We also find various board and CEO characteristics to moderate this effect on CEO pay.

Everyone is welcome!