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Executive Compensation : A Survey of Theory and Evidence
Edmans, Alex - 2017
This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top executive pay over time and across firms, the changing composition of pay; and the strength of executive incentives. We compare pay in U.S. public...
Persistent link: https://www.econbiz.de/10012949331
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The Effect of Corporate Taxation and Ownership on Raising Shareholder Capital
Krämer, Robert - 2013
model with strategic interaction between managers and outside shareholders, we hypothesize that, while an increase in the …
Persistent link: https://www.econbiz.de/10013073608
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Investor Protection and Foreign Stakeholders
Giofré, Maela - 2014
rights - limiting excessive risk taking - positively affects foreign shareholders, whereas strong protection of shareholder …
Persistent link: https://www.econbiz.de/10013069664
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Stakeholder Governance, Competition and Firm Value
Allen, Franklin - 2014
In many countries, the legal system or social norms ensure that firms are stakeholder oriented. We analyze the … advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers compared to … shareholder-oriented firms in a model of imperfect competition. Stakeholder firms are more (less) valuable than shareholder firms …
Persistent link: https://www.econbiz.de/10013057260
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Human Ethics and Virtues : Rethinking the Homo-Economicus Model
Dhami, Sanjit - 2018
The neoclassical model in economics envisages humans as amoral and self-regarding (Econs). This model, also known as the homo-economicus model, is not consistent with the empirical evidence. In light of the evidence, the continued use of the homo-economicus model is baffling. It also stymies...
Persistent link: https://www.econbiz.de/10012926548
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A Multiplicity of Approaches to Institutional Analysis : Applications to the Government and the Arts
Frey, Bruno S. - 2009
Four types of 'economics' relevant for institutional analysis are distinguished: Standard Neoclassical Economics; Socio-Economics or Social Economics; New Institutional Economics; and Psychological Economics (often misleadingly called Behavioural Economics). The paper argues that an extension of...
Persistent link: https://www.econbiz.de/10013157653
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Large and Influential : Firm Size and Governments' Corporate Tax Rate Choice
Riedel, Nadine - 2018
Theory suggests that large firms are more likely to engage in lobbying behaviour and are geographically more mobile …
Persistent link: https://www.econbiz.de/10012921204
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Mergers and Partial Ownership
Foros, Øystein - 2010
In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find that partial ownership arrangements can be more profitable for the acquiring and acquired firm because they can result in a greater dampening of competition. We also derive...
Persistent link: https://www.econbiz.de/10013148773
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Ownership and Control in a Competitive Industry
Karle, Heiko; Klein, Tobias J.; Stahl, Konrad O. - 2021
We study a differentiated product market in which an investor initially owns a controlling stake in one of two competing firms and may acquire a non-controlling or a controlling stake in a competitor, either directly using her own assets, or indirectly via the controlled firm. While industry...
Persistent link: https://www.econbiz.de/10013316050
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Corporate Taxation and Corporate Governance
Koethenbuerger, Marko - 2010
behavior is however crucially influenced by diverging interests between shareholders and managers. We set up an agency model …
Persistent link: https://www.econbiz.de/10013149364