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Activists, raiders, and directors: Opportunism and the balance of corporate power
Noe, Thomas H.; Rebello, Michael J. - Department of Economics, Oxford University - 2008
We model corporate governance in a world with competitive securities markets as well as markets for corporate assets …
Persistent link: https://www.econbiz.de/10011004172
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To each according to her luck and power: Optimal corporate governance and compensation policy in a dynamic world
Noe, Thomas H. - Department of Economics, Oxford University - 2007
We model long-run firm performance, management compensation, and corporate governance in a dynamic, nonstationary world ….  We show that managerial compensation and governance policies, which, in a single-period context, can best be rationalized … example, shareholder wealth is maximized by governance policies that tie board deference to generous compensation and link the …
Persistent link: https://www.econbiz.de/10011004279
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Activists, raiders, and directors: Opportunism and the balance of corporate power
Noe, Thomas H.; Rebello, Michael J.; Sonti, Ramana - Finance Research Centre, Oxford University - 2008
We model corporate governance in a world with competitive securities markets as well as markets for corporate assets …
Persistent link: https://www.econbiz.de/10008631379
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Activists, raiders, and directors: Opportunism and the balance of corporate power
Noe, Thomas H.; Rebello, Michael J.; Sonti, Ramana - Finance Research Centre, Oxford University - 2008
We model corporate governance in a world with competitive securities markets as well as markets for corporate assets …
Persistent link: https://www.econbiz.de/10005212080
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Voting with their feet or activism? Institutional investors’ impact on CEO turnover
Helwege, Jean; Intintoli, Vincent J.; Zhang, Andrew - In: Journal of Corporate Finance 18 (2012) 1, pp. 22-37
We examine the relation between institutional investors and management discipline over the last several decades to better understand how CEO turnover has increased. Using a sample of forced and voluntary turnovers, we investigate the changing roles of activism and exit among institutional...
Persistent link: https://www.econbiz.de/10010577622
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Sharing a Director with a Peer
Berg, Tatjana; Horsch, Philipp; Schmid, Markus - School of Finance, Universität St. Gallen - 2015
Exploiting a unique feature of the Clayton Antitrust Act, we analyze how directors holding outside directorships at peer firms affect firm value and performance of financial firms. We find that directors serving simultaneously at horizontally-related firms have a negative impact on firm value...
Persistent link: https://www.econbiz.de/10011273999
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The two social philosophies of Ostroms' institutionalism
Boettke, Peter - Volkswirtschaftliche Fakultät, … - 2010
relationship to Public Choice theory and alternative visions of public goods analysis, public administration, and governance. The …
Persistent link: https://www.econbiz.de/10009294913
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Power Sharing in Postconflict Societies
Cammett, Melani; Malesky, Edmund - In: Journal of Conflict Resolution 56 (2012) 6, pp. 982-1016
peace than others, primarily through their positive effects on governance and public service delivery. In particular, closed … superior governance outcomes which, in turn, can promote stability by undercutting the initial motivations for conflict or by … institutions on governance and stability using survival analysis and a case study. …
Persistent link: https://www.econbiz.de/10011136205
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Compliance, cooperation, and credibility: institutions and enforcement in California groundwater
Skurray, James H. - School of Agricultural and Resource Economics, … - 2014
The success of any groundwater management plan depends on user compliance. There is an intimate relationship between regulatory regimes and pumper perceptions. As well as its enforcement powers, an agency's behavior sends information to users. While enforcement power need not always be used to...
Persistent link: https://www.econbiz.de/10011105612
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Boards of directors in international organizations: A framework for understanding the dilemmas of institutional design
Martinez-Diaz, Leonardo - In: The Review of International Organizations 4 (2009) 4, pp. 383-406
Persistent link: https://www.econbiz.de/10008515234