Incentives of executives and board of directors play an important role in corporate decisions. Principal agent theory suggests a tradeoff between risk and incentives in optimal compensation contracts for managers. The first essay of this dissertation explores the relationship between the...

We extend the existing literature on the factors explaining the value of acquired firms by examining the effect of corporate governance and other characteristics of Japanese and U.S. acquirers on the long-term post-acquisition stock and accounting performance of their U.S. targets over 1980...