The substantial growth in riches of the wealthy 1% is a contributing factor to the vast majority of the global population living at a subsistence level. A strategy in regards to the fair distribution of wealth is proposed to address this matter which requires the Executives of the world to...

Using the SEC regulations (following the Sarbanes–Oxley Act) on board independence as an identification for externally imposed governance changes, I compare its influence on firm performance to the effect of voluntarily conducted adjustments. Controlling for companies with voluntary changes,...

When firms compete in the managerial labor market, the choice of corporate governance by a firm affects, and is affected by, the choice of governance by other firms. Firms with weaker governance offer managers more generous incentive compensation, which induces firms with good governance to also...

In analyzing the ethics of executive compensation, this paper examines the issue from the standpoint of three prominent theories of distributive justice. Applying each of these "ideal" theories to the question of how to structure CEO pay illustrates a variety of different objections and...