The primacy of the principal-agent model of corporate governance is largely undisputed in the existing law and … viewing managers as common agents of several types of investors can better capture the reality of corporate relationships … debt and equity features, can better solve corporate agency problems than existing legal and contractual remedies. By …

executive compensation simply take it as a given. We argue, however, that in light of evolving corporate governance mechanisms … corporate governance mechanisms have evolved to duplicate incentive pay's positive incentive effects, thereby reducing its … now either minimally positive or even negative. We also argue that, given the strength of the corporate governance …

This paper investigates the market reaction to recent legislative and regulatory actions pertaining to corporate … abnormal returns to recent events relating to corporate governance regulations are, on average, decreasing in CEO pay …