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 moreMuch attention has been devoted in recent literature to the claim that a country’s ‘legal origin’ may make a difference to its pattern of financial...
Read moreThis paper discusses differences in countries’ approaches to reporting regulation and explores the reasons why they exist in the first place as well...
Read moreThe separation of ownership and control allows controlling shareholders to pursue private benefits. We develop an analytically tractable dynamic...
Read moreWe use an important legal event as a natural experiment to examine the effect of management fiduciary duties on equity-debt conflicts. A 1991 Delaware...
Read moreFinancial economists and commercial providers of governance services have in recent years created measures of the quality of firms' corporate...
Read moreWe examine evidence for a systematic underperformance of Germany's state-owned banks in the current financial crisis and study if the bank losses can be...
Read moreCorporate governance incentives at too-big-to-fail financial firms deserve systematic examination. For industrial conglomerates that have grown...
Read moreThe focus of comparative corporate governance scholarship is shifting from takeovers to controlling shareholders in recognition of the fact that...
Read moreWe argue that the root cause behind the recent corporate scandals associated with CEO pay is the technology bubble of the latter half of the 1990s. Far from...
Read moreThis study investigates the employment consequences of private equity acquisitions, in particular institutional buy-outs (IBOs), in the UK. It...
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