Showing 1 - 10 of 288
work on shareholders and shareholder activism, directors, executives and their compensation, controlling shareholders …
Persistent link: https://www.econbiz.de/10012463112
Both managerial ownership and performance are endogenously determined by exogenous (and only partly observed) changes in the firm's contracting environment. We extend the cross-sectional results of Demsetz and Lehn (1985) and use panel data to show that managerial ownership is explained by key...
Persistent link: https://www.econbiz.de/10012471259
penalty affect their monitoring. Our results suggest that they are more likely to vote against management after observing how …
Persistent link: https://www.econbiz.de/10012585458
CEOs of public companies have influence over the political spending of their firms, which has been attracting significant attention since the Supreme Court decision in Citizens United. Furthermore, the policy views expressed by CEOs receive substantial consideration from policymakers and the...
Persistent link: https://www.econbiz.de/10012479765
Stock prices are more informative when the information has less social value. Speculators with limited resources making costly (private) information production decisions must decide to produce information about some firms and not others. We show that producing and trading on private information...
Persistent link: https://www.econbiz.de/10012463704
Compensation, status, and press coverage of managers in the U.S. follow a highly skewed distribution: a small number of … books. The incidence of earnings management increases after winning awards. The effects are strongest in firms with weak … that the ex-post consequences of media-induced superstar status for shareholders are negative …
Persistent link: https://www.econbiz.de/10012464506
management and governance that deserves the attention of researchers …
Persistent link: https://www.econbiz.de/10012464945
The Common Law, parliamentary democracy, and academia all institutionalize dissent to check undue obedience to authority; and corporate governance reformers advocate the same in boardrooms. Many corporate governance disasters could often be averted if directors asked hard questions, demanded...
Persistent link: https://www.econbiz.de/10012468049
This paper analyzes the links between corporate tax avoidance, the growth of high-powered incentives for managers, and …
Persistent link: https://www.econbiz.de/10012468222
-country differences in the levels of private benefits obtained by corporate managers, as well as the country-specific factors associated … discuss the circumstances under which managers would choose to cross-list their stocks in the United States, when such a cross …-listing has important implications for managers' private benefits. Finally, we survey recent empirical work that tests empirical …
Persistent link: https://www.econbiz.de/10012468470