researchers pay a particular attention to banking governance. Specifically, shareholders-managers’ convergence of interests and … negative effect on performance. The results also reveal that managers lack control while the board of directors seems to exert … shareholders and performance, a phenomenon which might be explained in terms of private appropriation of benefits. …

instrument for addressing the agency problem between managers and shareholders but also as part of the agency problem itself … managers. As a result, managers wield substantial influence over their own pay arrangements, and they have an interest in … reducing the saliency of the amount of their pay and the extent to which that pay is de-coupled from managers’ performance. We …

around the world? This book explains how politics shapes corporate governance--how managers, shareholders, and workers jockey … blockholding by insiders who monitor managers directly. Examining the political coalitions that form among or across management … distinct groups: diffuse shareholding by external investors who pick a board that monitors the managers, and concentrated …

viewed as detrimental to shareholders. We also find that there is commonly a big difference between a state's ability to …

constraints that act on these processes, leave managers with considerable power to shape their own pay arrangements. Examining the …

mitigating agency problems between managers and shareholders.We find that both the CEO's industry-adjusted monetary compensation …