This study examines the extent of managers' opportunistic behaviour in influencing their own executive stock incentive … plans in an emerging market economy, namely, China. Using a sample of 53 stock incentive plans in Chinese publicly listed … significant increase in stock prices shortly after the disclosure, consistent with self-interested managers undertaking self …

In the running of social firms, managers play a leading role which can guide the course of these companies. In this … article we analyse the theoretical elements underlying the central importance of managers in social firms, the nature of these …

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 …

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 … distinct groups: diffuse shareholding by external investors who pick a board that monitors the managers, and concentrated … blockholding by insiders who monitor managers directly. Examining the political coalitions that form among or across management …