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Assessing Managerial Ability : Implications for Corporate Governance
Hermalin, Benjamin E. - 2017
both managers and firms, and affects the contractual relationships between those parties in important ways. Assessment (or …
Persistent link: https://www.econbiz.de/10012963757
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Understanding Corporate Governance Through Learning Models of Managerial Competence
Hermalin, Benjamin E. - 2014
A manager's shareholders, board of directors, and potential future employers are continually assessing his ability. A …
Persistent link: https://www.econbiz.de/10013055514
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Biased Monitors : Corporate Governance When Managerial Ability is Mis-Assessed
Hermalin, Benjamin E. - 2017
An important aspect of corporate governance is the assessment of managers. When managers vary in ability, determining … behalf of shareholders) or harmful (e.g., the behavior is myopic, boosting short-term performance at the expense of long …
Persistent link: https://www.econbiz.de/10012948072
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A Framework for Assessing Corporate Governance Reform
Hermalin, Benjamin E.; Weisbach, Michael S. - 2021
In light of recent corporate scandals, numerous proposals have been introduced for reforming corporate governance. This paper provides a theoretical framework through which to evaluate these reforms. Unlike various ad hoc arguments, this framework recognizes that governance structures arise...
Persistent link: https://www.econbiz.de/10013224890