Contrary to previous literature we hypothesize that interests of labor may well – like that of shareholders – aim at …

Contrary to previous literature we hypothesize that labor's interest may well – like that of shareholders – aim at … interest in increasing incentive-based compensation to avoid management's excessive risk taking and short-run oriented …

shareholder interests by making the board more responsible to shareholders, and strengthening the monitoring of top management by … overcome the widespread corporate scandals, the interests of top management and directors should be increasingly aligned to … investments are, like financial investments, not ex ante contractible, leaving investors open to exploitation by shareholders …