  {"id":15950,"date":"2024-11-04T08:44:45","date_gmt":"2024-11-04T14:44:45","guid":{"rendered":"https:\/\/uwm.edu\/business\/?post_type=tribe_events&#038;p=15950"},"modified":"2024-11-04T08:44:45","modified_gmt":"2024-11-04T14:44:45","slug":"navigating","status":"publish","type":"tribe_events","link":"https:\/\/uwm.edu\/business\/event\/navigating\/","title":{"rendered":"Does Navigating Adversity Call for Experienced Hands? Executive Composition and Compensation During the U.S.\u2013China Trade War"},"content":{"rendered":"<p><em>Part of the Lubar Research Seminar Series<\/em><\/p>\n<p><em><strong>Speaker:\u00a0<\/strong><\/em><strong> Jagadeesh Sivadasan, University of Michigan<\/strong><\/p>\n<p>Leveraging the unanticipated increases in US tariffs initiated in 2018, we examine how Chinese firms altered the composition and compensation of their executive team to manage adversity. Firms that faced more adverse US tariff shocks increased the proportion of executives with overseas experience, especially of those with marketing expertise and with a European background. Such executives received greater equity-based compensation, suggesting a higher return to their effort. We find suggestive evidence that these executives help maintain higher overseas revenue, and help create more and larger foreign subsidiaries. The stock market reacted more negatively to the unexpected departures of executives with foreign experience in the trade conflict period. The results suggest that executive human capital played an important role in coping with adverse trade shocks.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Part of the Lubar Research Seminar Series Speaker:\u00a0 Jagadeesh Sivadasan, University of Michigan Leveraging the unanticipated increases in US tariffs initiated in 2018, we examine how Chinese firms altered the composition and compensation of their executive team to manage adversity. &hellip;<\/p>\n","protected":false},"author":82,"featured_media":0,"template":"","meta":{"_tribe_events_status":"","_tribe_events_status_reason":"","_tribe_events_is_hybrid":"","_tribe_events_is_virtual":"","_tribe_events_virtual_video_source":"","_tribe_events_virtual_embed_video":"","_tribe_events_virtual_linked_button_text":"","_tribe_events_virtual_linked_button":"","_tribe_events_virtual_show_embed_at":"","_tribe_events_virtual_show_embed_to":[],"_tribe_events_virtual_show_on_event":"","_tribe_events_virtual_show_on_views":"","_tribe_events_virtual_url":"","footnotes":"","uwm_wg_additional_authors":[]},"tags":[],"tribe_events_cat":[63],"class_list":["post-15950","tribe_events","type-tribe_events","status-publish","hentry","tribe_events_cat-research-seminar-series","cat_research-seminar-series"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lubar College of Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uwm.edu\/business\/event\/navigating\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Does Navigating Adversity Call for Experienced Hands? 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