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 moreBoardroom diversity policies link societal and corporate governance objectives. To understand whether they can meet both objectives, we argue one...
Read moreCan female directors help save economies and the firms on whose boards they sit? Policy makers seem to think so. Numerous countries have implemented...
Read moreWe study retail shareholder voting using a nearly comprehensive sample of U.S. ownership and voting records. Analyzing turnout within a rational...
Read moreWe document that the cross-sectional variation in CEO pay levels has declined precipitously, both at the economy level and within industry and size...
Read moreThe centrality of the CEO is reflected in the empirical literature linking CEO turnover to poor firm performance. However, less is known about the...
Read moreThe representation of women in top corporate officer positions is steadily increasing. However, little is known about the impact this will have. A large...
Read moreThis paper shows that improving financial efficiency may reduce real efficiency. While the former depends on the total amount of information...
Read moreUsing the Sarbanes-Oxley Act of 2002 as a quasi-natural experiment to identify the impact of corporate governance reform on foreign exchange risk...
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