Enterprises (SOEs) in India. The program gave managers (the board of directors) of profitable SOEs more autonomy over strategic … that a manager subsequently joins a board of a private firm is greater for managers of those SOEs which were granted … may occur partly through managers' career concerns …

, and market opportunities. This know-how can be reallocated across countries as managers acquire control of factors of …

Corporate managers who own a majority of the common stock in their company or who represent another firm owning such an … interest appear to be less constrained than managers of diffusely held firms, yet their power to harm minority shareholders …. Finally, there is little evidence that new organizational mechanisms have evolved to constrain managers who own large blocks …

general managers. Using panel data on senior management positions, we explore the relationship between changes in executive …This paper shows that top management structures in large US firms radically changed since the mid-1980s. While the … number of managers reporting directly to the CEO doubled, the growth was driven primarily by functional managers rather than …

shareholders and managers in which managers have private benefits or private costs of investment. Managers overinvest when they …, in isolation, is insufficient to identify whether managers have private benefits or private costs of investment. In order … to identify whether managers have private benefits or costs, we estimate the joint relationships between incentives and …