Accounting Lord Eldon Redux: Information Asymmetry, Accountability and Fiduciary Loyalty This article investigates the development of accountability and fiduciary loyalty as an institutional response to information asymmetries in agency... Read more Amir Licht 03 March 2017 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Boards Directors: Older and Wiser, or Too Old to Govern? An unintended consequence of recent governance reforms in the U.S. is firms’ greater reliance on older director candidates, resulting in noticeable... Read more Ronald MasulisFei XieShuran Zhang 21 November 2018 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Value Agency Costs of Overvalued Equity Read more Michael Jensen 01 April 2004 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Stewardship A State-Stewardship View on Executive Compensation We take a state-stewardship view on the corporate governance model and executive compensation policies in economies with strong political... Read more Hao LiangLuc Renneboog 01 July 2013 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Agency Shareholder Conflicts and Dividends We examine how dividend policy is used to mitigate potential conflicts of interest between majority and minority shareholders in private Norwegian... Read more Janis BerzinsØyvind BøhrenBogdan Stacescu 27 September 2017 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Agency The Internal Governance of Firms We develop a model of internal governance where the self-serving actions of top management are limited by the potential reaction of subordinates.... Read more Viral AcharyaStewart MyersRaghuram Rajan 01 May 2009 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Remuneration Measuring Compliance with Executive Remuneration Standards at Controlled Corporations In this paper we analyze the relationship between conformity to executive remuneration standards, corporate ownership, and the level and structure... Read more Guido Ferrarini 01 November 2016 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
CEO A Theory of Fair CEO Pay This paper studies optimal executive pay when the CEO has fairness concerns: if his wage falls below a perceived fair share of output, he suffers... Read more Alex Edmans 04 January 2023 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Markets Stock Market Returns, Corporate Governance and Capital Market Equilibrium This paper proposes a theoretical model that incorporates corporate governance into the basic CAPM, where corporate governance affects the... Read more Ernst-Ludwig von Thadden 01 June 2013 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Activism The Threat of Intervention We develop a model in which an activist shareholder can discipline management through intervention and through the threat of intervention. A weaker... Read more Vyacheslav FosCharles Kahn 03 April 2019 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Reporting A Theory of Financial Media We present a model of media coverage of corporate announcements. Firms strategically use the media to communicate corporate announcements to a group of... Read more Eitan GoldmanJordan MartelJan Schneemeier 18 March 2020 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Dual Class Shares Agency Problems at Dual-Class Companies Read more Ronald MasulisFei Xie 01 June 2008 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author