Celebrating Success: Dr Vu Trinh (Rainy)

Congratulations to Dr Vu Trinh (Rainy) for his solely authored book entitled “Fundamentals of Board Busyness and Corporate Governance” which has been recently published by Springer.

Abstract:

This book delivers the essential concepts and theoretical perspectives of corporate governance and board busyness. It uses the unique context of a dual banking system to capture the potential effects of such aspects on corporate outcomes. Board busyness refers to a board with a substantial proportion of “busy” members who hold multiple directorships. In most cases, directors are “over-boarded,” which means that they hold an excessive number of seats across different boards. The busyness of individuals is gauged to infer their monitoring and recommending abilities through their involvement, efforts, knowledge, skills, and experience, and hence, their behaviour in financial contexts. Yet an assessment of board busyness and its effects is challenging and inconclusive concerning the two opposing arguments surrounding this board attribute: reputation and busyness. The book is the first to thoroughly discuss this up-to-date concept within the dual banking system, and it is designed to help new researchers in this field and students boost their research and academic careers.

Rainy and his co-author Professor Neelu Seetaram (Leeds Beckett University) have also recently had a paper entitled “Top-Management Compensation and Survival Likelihood” accepted for publication in Annals of Tourism Research.

Abstract:

This study examines the impact of top-management compensation on the survival likelihood of US publicly listed firms in the tourism and leisure sector, and the mediating effect of profit distribution policy on that relationship. It uses a panel dataset of 55 US listed S&P1500 firms from 2006 to 2019. The analyses show that firms with higher top-management compensation packages exhibit a significantly lower risk of bankruptcy through  higher levels of retained earnings. The findings support the agency and incentive alignment theories. They offer new and strong empirical evidence on the links between compensation, corporate governance and financial risks. The policies derived  can be implemented to increase the probability of survival of tourism and leisure firms in the USA.