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Record W4410721284 · doi:10.1111/jbfa.12879

Number Two Executives: Bottom‐Up Monitoring

2025· article· en· W4410721284 on OpenAlexaff
Zhichuan Li

Bibliographic record

VenueJournal of Business Finance &amp Accounting · 2025
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicRisk Management in Financial Firms
Canadian institutionsWestern University
FundersSaint Louis UniversityUniversity of WyomingUniversity of CincinnatiNorth Carolina State UniversityArizona State UniversityFudan UniversityVillanova University
KeywordsGeologyBusiness

Abstract

fetched live from OpenAlex

ABSTRACT This article empirically examines the role of a firm's second‐in‐command in monitoring the chief executive officer (CEO) from the bottom up to mitigate agency problems. Although CEOs have long been the focus, little research has addressed No. 2 executive. This study provides a comprehensive understanding of these top executives and their roles in bottom‐up monitoring. The results suggest that (1) bottom‐up monitoring by No. 2 executives enhances firm value, (2) the effect is stronger in firms with weak corporate governance or poor CEO incentive alignment, (3) the effect is weaker when No. 2 is promoted internally or lacks experience, and (4) such monitoring becomes more critical in the post‐Sarbanes–Oxley (SOX) regulatory environment. Further analysis reveals that bottom‐up monitoring creates firm value by fostering a more transparent information environment, increasing CEO turnover‐performance sensitivity, and reducing the CEO's ability to pursue the “quiet life,” but has no effect on “empire building.”

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.001
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesMeta-epidemiology (narrow)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.493
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0020.001
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0010.004
Science and technology studies0.0010.000
Scholarly communication0.0010.006
Open science0.0010.001
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.018
GPT teacher head0.273
Teacher spread0.255 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations3
Published2025
Admission routes1
Has abstractyes

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