This paper examines how executive pay is set when a firm is a business group member. Using Korea as a laboratory setting, we find that member firm?s cash...
Using the pay restriction imposed on CEOs of centrally administered state-owned enterprises (CSOEs) in China in 2009, we study the effects of limiting...
This paper assesses how Italian companies have implemented the regulation on related party transactions enacted by Consob in 2010. Companies have been...
This study documents how group trademarks, comprising the business group’s name and logo, can be used for the benefit of controlling families at the...
A central challenge in the regulation of controlled firms is curbing rent extraction by controllers. As independent directors and fiduciary duties are...
This paper provides a legal and policy analysis of transactions between a corporation and one of its ?related parties.? It first highlights the reasons...