Brian T. Carver, Brandon N. Cline, Matthew L. Hoag (2013). Underperformance of founder-led firms: An examination of compensation contracting theories during the executive stock options backdating scandal

Finance research paper presentation slides. This presentation summarizes the study Underperformance of Founder-Led Firms: An Examination of Compensation Contracting Theories during the Executive Stock Options Backdating Scandal by Brian T. Carver, Brandon N. Cline, Matthew L. Hoag (2013). Slides cover main research questions (impact of founding CEO on stock option backdating, effect of backdating on firm value and future performance), motivation, key contributions (managerial power in founder-led firms can facilitate misconduct and underperformance), data description (182 backdating firms, 1,273 control firms), methodology (bivariate probit model, BHAR analysis, operating performance metrics), main results (founder-led firms more likely to backdate, long-term underperformance, decline in ROA and ROS), and overall conclusions. Designed for students who need ready-to-use, detailed analysis with graphs, tables, and discussion points