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The State of Corporate Governance Research

Bebchuk, Lucian A. - 2009

work on shareholders and shareholder activism, directors, executives and their compensation, controlling shareholders …

Persistent link: https://www.econbiz.de/10012463112

CEO Centrality

Bebchuk, Lucian A. - 2007

management and governance that deserves the attention of researchers …

Persistent link: https://www.econbiz.de/10012464945

CEO Pay and the rise of Relative Performance Contracts : A Question of Governance?

Bell, Brian - 2016

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

Persistent link: https://www.econbiz.de/10012456270

The Impact of Competition on Management Quality : Evidence from Public Hospitals

Bloom, Nicholas - 2010

In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … management quality - measured using a new survey tool - is strongly correlated with financial and clinical outcomes such as … a greater number of neighboring hospitals) is positively correlated with increased management quality, and this …

Persistent link: https://www.econbiz.de/10012462620

Lucky Directors

Bebchuk, Lucian A. - 2006

While prior empirical work and much public attention have focused on the opportunistic timing of executives' grants, we provide in this paper evidence that outside directors' option grants have also been favorably timed to an extent that cannot be fully explained by sheer luck. Examining events...

Persistent link: https://www.econbiz.de/10012465848

Lucky CEOs

Bebchuk, Lucian A. - 2006

We study the relation between corporate governance and opportunistic timing of CEO option grants via backdating or otherwise. Our methodology focuses on how grant date prices rank within the price distribution of the grant month. During 1996-2005, about 12% of firms provided one or more lucky...

Persistent link: https://www.econbiz.de/10012465890

Executive Pensions

Bebchuk, Lucian A. - 2005

Because public firms are not required to disclose the monetary value of pension plans in their executive pay disclosures, financial economists have generally analyzed executive pay using figures that do not include the value of such pension plans. This paper presents evidence that omitting the...

Persistent link: https://www.econbiz.de/10012466764

Index Funds and the Future of Corporate Governance : Theory, Evidence, and Policy

Bebchuk, Lucian A. - 2019

managers make. Our agency-costs analysis shows that index fund managers have strong incentives to (i) underinvest in … stewardship and (ii) defer excessively to the preferences and positions of corporate managers. We also undertake an empirical …

Persistent link: https://www.econbiz.de/10012480487

Learning and the Disappearing Association Between Governance and Returns

Bebchuk, Lucian A. - 2010

In an important and influential work, Gompers, Ishii, and Metrick (2003) show that a trading strategy based on an index of 24 governance provisions (G-Index) would have earned abnormal returns during the 1991-1999 period, and this intriguing finding has attracted much attention ever since it was...

Persistent link: https://www.econbiz.de/10012462740

Investor Protection and Interest Group Politics

Bebchuk, Lucian A. - 2007

We model how lobbying by interest groups affects the level of investor protection. In our model, insiders in existing public companies, institutional investors (financial intermediaries), and entrepreneurs who plan to take companies public in the future, compete for influence over the...

Persistent link: https://www.econbiz.de/10012464944