Larcker, David F.; Ormazabal, Gaizka; Taylor, Daniel J. - In: Journal of Financial Economics 101 (2011) 2, pp. 431-448
governance. The managerial power view of governance suggests that executive pay, the existing process of proxy access, and … various governance provisions [e.g., staggered boards and Chief Executive Officer (CEO)-chairman duality] are associated with … access, and ban such governance provisions are value-enhancing. In contrast, another view of governance suggests that …