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Firms along the supply chain rely on both public disclosures and private information exchanges to develop forecasts about future performance. In this paper, we examine how a firm’s public and private channels of information sharing with its trading partners affect information spillovers along...
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We examine whether a large shareholder can alleviate conflicts of interest between managers and shareholders through … shareholders' perspective. Our results are consistent with empirical findings on the interaction between managers and minority …
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We propose a family of incentive contracts that can attract some fund managers who are favored by investors and deter … explicitly on the utilities of the managers and investors nor have a menu of choices. The contracts have two crucial components …
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publicly. Results of empirical analysis based on a sample of over 3,000 US firms are consistent with the theory and demonstrate …
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