This book provides an insightful view of major issues in the economics of corporate governance (CG) and mergers. It presents a systematic update on the developments in the two fields during the last decade, as well as highlighting the neglected topics in CG research, such as the role of boards,...

This paper reviews recent research on corporate governance, with a special focus on emerging markets. It finds that better corporate governance benefit firms through greater access to financing, lower cost of capital, better performance, and more favorable treatment of all stakeholders. Numerous...

We investigate the gender wage gap in top corporate jobs for the years 2000 till 2004. Using data from the OSIRIS database, we ¯nd that female managers receive 24.0 percent less in total compensation (salary, bonuses, other payments and exer- cised stock options) than their male colleagues....

We investigate the gender wage gap in top corporate jobs for 2000-2004. We find that female managers receive 24.0% less in total compensation than their male colleagues. When we control for personal, firm and industry characteristics, this difference reduces to 15.9%. Controlling for...

Using data from the OSIRIS database, we investigate the gender wage gap in top corporate jobs for the years 2000 till 2004. We find that female managers receive 24.0 percent less in total compensation (salary, bonuses, other payments and exercised stock options) than their male colleagues. This...

Drawing from the family business perspective, this study provides insights into how the heterogeneity arising from founding family structures explains why particular business groups grow extensively, while others faced with similar external market conditions do not, and how the effects of...

We investigate the gender pay gap in top corporate jobs for 2001-2007 and report that female managers receive 19 percent less in total compensation than their male colleagues. Controlling for various characteristics reduces this difference to seven percent. While the gender pay gap is slightly...

Using data for the years 2001-2007 from the OSIRIS database on the total compensation for top executive officers of publicly listed US firms, the authors analyze the gender pay gaps across the distribution of total compensation. In the estimations, the authors control for individual and firm...

We analyze the impact of corporate governance institutions, ownership structures and external capital market constraints on company returns on investment by using a sample of more than 19,000 companies from 61 countries across the world. We show that (1) of these three sets of institutions, the...

This paper analyzes the effects of mergers around the world over the past 15 years. We utilize a large panel of data on mergers to test several hypotheses about mergers. The effects of the mergers are examined by comparing the performance of the merging firms with control groups of nonmerging...