We test under what circumstances boards discipline managers and whether such interventions improve performance. We …

male wage inequality on her local marriage market - the more heterogeneous potential future mates are in terms of earnings … education but the other one does not. Because of the high degree of assortative matching according to education on the marriage … one, they have the most to gain from divorcing and going back to the marriage market. This incentive becomes stronger if …

In this paper we discuss the importance of families for understanding economic inequality. Family structure can in …

intermediate protection, management is delegated to a professional, but the family stays on as large shareholders to monitor the … the family. This theory of separation of ownership from management includes the Anglo-Saxon and the Continental European …