A long-held view in corporate circles has been that furious rapid trading in stock markets has been increasing in recent decades, justifying corporate...
We find that the number of independent directors on corporate boards increases by approximately 24% following financial covenant violations in credit...
This article surveys the recent literature on boards of directors and the interplay between director incentives and CEO incentives. The primary focus...
This paper empirically examines the Capital Purchase program (CPP) under TARP that was used by the U.S. government to bail out distressed banks with...
We develop a theory of bank board risk committees that explains why such committees can be valuable to shareholders even when they do not reduce bank risk....