This volume contains a set of empirical papers by a set of global scholars who examine corporate governance and market regulation from a variety of perspectives. Jiang, Kim and Zhang argue that in certain cases an ex post increase in CEO pay can prevent the ex ante problem of managerial...

Advances in Financial Economics Volume 19 deals with International Corporate Governance, particularly the role played by boards of directors, internal organization design and governance mechanisms, franchise agreements, the effect of regulation and policy, the market for corporate control, and...

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 :...

Bank monitoring, firm performance, and top management turnover in Japan / Christopher W. Anderson, Terry L. Campbell, Narayanan Jayaraman, Gershon N. Mandelker -- Ownership structure and shareholder voting on board structure changes / Teresa A. John, Gopala K. Vasudevan -- Did earnings...

FRONT COVER -- ADVANCES IN FINANCIAL ECONOMICS -- COPYRIGHT PAGE -- CONTENTS -- LIST OF CONTRIBUTORS -- THE INCREASE IN CEO PAY AFTER LARGE INVESTMENTS: IS IT PURELY RENT EXTRACTION? -- INTRODUCTION -- HYPOTHESES DEVELOPMENT -- SAMPLE FORMATION -- EMPIRICAL ANALYSES -- CONCLUSION -- NOTES --...

We investigate determinants of foreign ownership in newly privatized firms. We analyze data on privatized Czech firms to address two related general questions. First, what characteristics distinguish transition firms that attract a foreign investor? Second, how do firm-specific characteristics...