the acquiring firm increases, the interests of managers are more closely aligned with those of shareholders, reducing the …This paper examines the effect of the benefits of corporate control to managers on the relationship between managerial … acquisition premium. At sufficiently high levels of managerial ownership, managers value a reduction in the risk of their …

interest appear to be less constrained than managers of diffusely held firms, yet their power to harm minority shareholders … that the law constrains managerial majority shareholders, both in their day-to-day management and when they redeem the …Corporate managers who own a majority of the common stock in their company or who represent another firm owning such an …

its performance. We demonstrate that following periods of abnormally good performance, managers are more likely to call … GIM Index or the proportion of activist shareholders. Following these special meetings, we find that the next quarter … following good firm performance or a desire to reward management for good past performance. Overall, our evidence seems more …

shareholders from the complex, pyramidal, and often obscure corporate structures. First, we show that there are large differences …

The promotion tournament as a potentially important incentive mechanism for top management in transition economies has …

During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of …

connect ownership structures, management contracts, and quarterly cash flows for a large sample of buyout and venture capital …-of-fee performance, in stark contrast to other asset management settings. Instead, compensation is largely unrelated to net-of-fee cash … productivity of manager skills, and in which managers with higher compensation earn back their pay by delivering higher gross …