responds more to increases in shareholders' return performance than to decreases. Further, this asymmetry is stronger when …

"gambling for resurrection" strategy. Moreover, the strength of corporate governance influences shareholders' capacity to align …

In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … management quality - measured using a new survey tool - is strongly correlated with financial and clinical outcomes such as … a greater number of neighboring hospitals) is positively correlated with increased management quality, and this …

, their ownership structures, and national bank regulations. We focus on conflicts between bank managers and owners over risk …, and show that bank risk taking varies positively with the comparative power of shareholders within the corporate …

: 100 percent small shareholders or one large, controlling owner combined with small shareholders. In this paper, we …