Showing 1 - 6 of 6
In this Paper we discuss the role of the media in pressuring corporate managers and directors to behave in ways that … anecdotal and systematic evidence that media affect companies’ policy toward the environment and the amount of corporate … focus of the corporate governance debate and for the feasibility of reforms aimed at improving corporate governance around …
Persistent link: https://www.econbiz.de/10005497765
In this paper I argue that corporate finance theory, empirical research, practical applications, and policy … change the way we do corporate finance, both theoretically and empirically. …
Persistent link: https://www.econbiz.de/10005792089
Transactions take place in the firm rather than in the market because the firm offers agents who make specific investments power. Past literature emphasizes the allocation of ownership as the primary mechanism by which the firm does this. Within the contractibility assumptions of this...
Persistent link: https://www.econbiz.de/10005498046
This paper studies the impact that capital market imperfections have on the natural selection of the most efficient firms by estimating the effect of the pre-deregulation level of leverage on the survival of trucking firms after the Carter deregulation. Highly leveraged carriers are less likely...
Persistent link: https://www.econbiz.de/10005504576
What external control mechanisms are most effective in detecting corporate fraud? To address this question we study in … depth all reported cases of corporate fraud in companies with more than 750 million dollars in assets between 1996 and 2004 … frivolous suits, suggesting gains from extending such incentives to corporate fraud more generally. …
Persistent link: https://www.econbiz.de/10005791779
discuss corporate governance only in an incomplete contract world. In this world, the notion of corporate governance is …This paper summarizes my own personal view of what corporate governance is about. I argue that it makes sense to … Zingales (1997a and 1997b). The paper concludes by discussing the limitations of the incomplete contracts approach to corporate …
Persistent link: https://www.econbiz.de/10005792024