This article examines the incentive features of top-management compensation in the banking industry. Economic theory suggests that the compensation structures for bank management should have low pay-performance sensitivity because of the high leverage of banks and the fact that banks are...

Foreign ownership and firm value : evidence from Japan / Stephen P. Ferris, Kwangwoo Park -- The impact of regulatory change on insider trading profitability : some early evidence from New Zealand / Aaron Gilbert, Alireza Tourani-Rad, Tomasz Piotr Wisniewski -- Corporate governance mechanisms in...

Corporate downsizing and CEO compensation / Alexandros P. Prezas, Murat Tarimcilar, Gopala K. Vasudevan -- The external monitoring bodies' view of the board independence in the new public family firms / Imants Paeglis, Dogan Tirtiroglu -- Ownership structure, financial rent and performance :...

Volume 14 of Advances in Financial Economics presents recent research on corporate governance from a number of countries across the world, including the United States, Spain, Malaysia, Israel and others. Many important corporate governance mechanisms are examined, such as board characteristics...