This paper studies how hedge fund activism reshapes board monitoring, CEO incentives and compensation. I find that … activists target CEOs who have co-opted the board, have poor performance records and weak equity portfolio incentives, are less … oust underperforming CEOs, strengthen CEO incentives, and increase the use of RPE. CEO pay levels rise following activism …

This paper investigates whether monitoring by bank lenders affects CEO incentives of borrowing firms. We find that an … increase in bank monitoring incentives significantly reduce the sensitivity of CEO wealth to stock return volatility (Vega … CEO incentives to mitigate the risk-shifting incentives of firm managers …

of evidence that independent director reputation incentives influence the supply of director services. These reputation … incentives vary across firms and over time, significantly influencing important board decisions and firm outcomes. When more …

the owner's capacity to monitor delegated managers. We show how resultant misaligned managerial incentives can translate …

also suggest that the sorting effect of incentives in the previous companies impact cooperation and efficiency after the … with managers from companies with different incentives, work habits and recruiting methods. In this paper, we investigate …, which occur in both compensation incentives and team composition. The results of a real effort experiment conducted with …

contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits … ; managerial incentives …