entrusted with their governance, just as economies need constitutions and independent judiciaries to restrain those entrusted … problems and agency problems in corporations may reinforce each other, compromising the quality of both corporate governance …

The bulk of corporate governance theory examines the agency problems that arise from two extreme ownership structures …

governance: (1) CEOs are overpaid and their pay keeps increasing; (2) CEOs are not paid for their performance; and (3) boards do … to poor stock performance. While corporate governance failures and pay outliers as well as the very high average pay …

We study financial reporting and corporate governance in 218 companies accused of price fixing. These firms engage in … governance, cartel firms favor outside directors likely to monitor inattentively due to low attendance, other board seats, and … unusually low CEO turnover and rely on internal management promotions. Their managers exercise stock options faster than …

crucial component of corporate governance and this chapter provides an overview of the research on that aspect of governance … both managers and firms, and affects the contractual relationships between those parties in important ways. Assessment (or … learning) proves a key perspective from which to study, evaluate, and possibly even regulate corporate governance. Moreover …