work on shareholders and shareholder activism, directors, executives and their compensation, controlling shareholders …

penalty affect their monitoring. Our results suggest that they are more likely to vote against management after observing how …

-country differences in the levels of private benefits obtained by corporate managers, as well as the country-specific factors associated … discuss the circumstances under which managers would choose to cross-list their stocks in the United States, when such a cross …-listing has important implications for managers' private benefits. Finally, we survey recent empirical work that tests empirical …

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

A manager's shareholders, board of directors, and potential future employers are continually assessing his ability. A …

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 …

shareholders that provide incentives that motivate them to maximize the shareholders' welfare. In contrast, Bebchuk and Fried argue …