We examine professional directors — board members with no employment outside of serving as independent directors. We find that boards with a higher percentage of professional directors engage in more acquisitions, experience lower acquisition-announcement returns, and exhibit lower...

This case study narrates the business journey of an entrepreneur with ups and downs and his ways of finding the way and solution to the situation and circumstances in the business life. This case specifically provokes the thoughts about ideal corporate governance practices, importance of Ethics,...

In a competitive managerial labor market, compensation contracts should not depend on public attitudes or social norms regarding income inequality or "fair pay". In contrast to the standard view of optimal incentive design, we find that public opinion impacts executive compensation. We show that...