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 moreWe hypothesize that labor participation in governance helps improve risk sharing between employees and employers. It provides an ex-post mechanism to...
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 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 moreDo employees who compare themselves to the CEO matter for executive compensation? We hypothesize that employees have relative wealth concerns and...
Read moreThis study investigates the employment consequences of private equity acquisitions, in particular institutional buy-outs (IBOs), in the UK. It...
Read moreThis paper argues that corporate financial frictions can have an adverse effect on employee mental health, an important determinant of employee...
Read moreThe chapter investigates the impact of employee participation on the board of directors or supervisory board (particularly codetermination) on...
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...
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