Managers, Workers, and Corporate Control
If management has high private benefits and a small equity stake, managers and workers are natural allies against takeover threats. Two forces are at...
Read moreIf management has high private benefits and a small equity stake, managers and workers are natural allies against takeover threats. Two forces are at...
Read moreWe study the relative effectiveness of exit (divestment and boycott) and voice (engagement) strategies in promoting socially desirable outcomes in...
Read moreThe dominant agency-cost paradigm for the analysis of corporate law is based on the proposition that the welfare of society is best met by rules which...
Read moreThis paper reports the findings of a recent survey of 1019 individuals to learn about their commitment to and perceived value from personal and...
Read moreThis is a study of variations in trust relations according to institutional setting. A wide body of comparative institutional literature within...
Read moreDo employees who compare themselves to the CEO matter for executive compensation? We hypothesize that employees have relative wealth concerns and...
Read moreThis paper argues that corporate financial frictions can have an adverse effect on employee mental health, an important determinant of employee...
Read moreStudying 30 countries, we find that the link between employee satisfaction and stock returns is significantly increasing in a country’s labor market...
Read moreWe develop a model of the market for knowledge workers in which talent is discovered on the job. In the model, asymmetric information and firm-specific...
Read moreIf unemployment insurance is more generous, workers should demand less implicit insurance from their employers: firm- and government-provided...
Read more