work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in … difficult times when the typical firm size shrinks. We find further that domestic and global competition for managers has …

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

Managers' incentives may conflict with those of shareholders or creditors, particularly at leveraged, opaque banks … sufficiently resolve agency problems so that they can attract funding from outside shareholders and depositors. We examine banks … policies, risk, and methods of risk management. Formal corporate governance is lower when manager ownership shares are higher …

We empirically analyze the nature of returns to scale in active mutual fund management. We find strong evidence of … avoid econometric biases are insignificant. We also find that the active management industry has become more skilled over …

settlements between labor and management. As an empirical matter it has been a challenge to develop measures of union bargaining …