Similar Search Results

Capital Structure Choice when Managers are in Control : Entrenchment versus Efficiency

Novaes, Walter - 1995

same agency problem. We show that, in general, the shareholders' and the manager's capital structure choices differ not …

Persistent link: https://www.econbiz.de/10012473483

The future of securities regulation

Zingales, Luigi - 2009

Persistent link: https://www.econbiz.de/10003807962

The value of corporate culture

Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - 2013

Persistent link: https://www.econbiz.de/10010228037

CEO pay and the rise of relative performance contracts : a question of governance?

Bell, Brian; Van Reenen, John - 2016

Persistent link: https://www.econbiz.de/10011524397

Theft and taxes

Desai, Mihir A.; Dyck, Alexander; Zingales, Luigi - 2005

Persistent link: https://www.econbiz.de/10002589672

In Search of New Foundations

Zingales, Luigi - 2000

In this paper I argue that corporate finance theory, empirical research, practical applications, and policy recommendations are deeply rooted in an underlying theory of the firm. I also argue that while the existing theories have delivered very important and useful insights, they seem to be...

Persistent link: https://www.econbiz.de/10012471055

The Corporate Governance Role of the Media : Evidence from Russia

Dyck, Alexander - 2006

We study the effect of media coverage on corporate governance by focusing on Russia in the period 1999-2002. This setting offers us three ideal conditions for such a study: plenty of corporate governance violations, no alternative mechanisms to address them, and the presence of an investment...

Persistent link: https://www.econbiz.de/10012466140

Theft and Taxes

Desai, Mihir A. - 2004

This paper analyzes the interaction between corporate taxes and corporate governance. We show that the characteristics of a taxation system affect the extraction of private benefits by company insiders. A higher tax rate increases the amount of income insiders divert and thus worsens governance...

Persistent link: https://www.econbiz.de/10012467710

The Corporate Governance Role of the Media

Dyck, Alexander - 2002

In this paper we discuss the role of the media in pressuring corporate managers and directors to behave in ways that … are 'socially acceptable'. Sometimes this coincides with shareholders' value maximization, others not. We provide both … resources that are diverted to the sole advantage of controlling shareholders. Our results have important consequences for the …

Persistent link: https://www.econbiz.de/10012469397

The Governance of the New Enterprise

Rajan, Raghuram G. - 2000

governance must shift from alleviating the agency problems between managers and shareholders to studying mechanisms that give the …

Persistent link: https://www.econbiz.de/10012470778