Narrow search
Showing 1 - 8 of 8
Cover Image
The Effect of Liquidity on Governance
Edmans, Alex - 2011
This paper studies the effect of stock liquidity on blockholders' choice of governance mechanisms. We focus on hedge … measure governance intent rather than only studying instances of actual governance. We find that liquidity increases the … likelihood that a hedge fund acquires a block in a firm. Conditional upon acquiring a stake, liquidity reduces the likelihood …
Persistent link: https://www.econbiz.de/10012461091
Cover Image
Executive compensation : a survey of theory and evidence
Edmans, Alex; Gabaix, Xavier; Jenter, Dirk - 2017
Persistent link: https://www.econbiz.de/10011715507
Cover Image
Blockhoders : a survey of theory and evidence
Edmans, Alex; Holderness, Clifford G. - 2016
Persistent link: https://www.econbiz.de/10011544438
Cover Image
Governance and comovement under common ownership
Edmans, Alex; Levit, Doron; Reilly, Devin - 2014
Persistent link: https://www.econbiz.de/10010409115
Cover Image
Blockholders and corporate governance
Edmans, Alex - 2013
Persistent link: https://www.econbiz.de/10010206842
Cover Image
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/10012455086
Cover Image
Governance and Comovement Under Common Ownership
Edmans, Alex - 2014
underperforming firm as being motivated by a portfolio-wide liquidity shock. This reduces the manager's effort incentives and weakens …
Persistent link: https://www.econbiz.de/10012458246
Cover Image
Blockholders and Corporate Governance
Edmans, Alex - 2013
This paper reviews the theoretical and empirical literature on the different channels through which blockholders (large shareholders) engage in corporate governance. In classical models, blockholders exert governance through direct intervention in a firm's operations, otherwise known as "voice."...
Persistent link: https://www.econbiz.de/10012459088