We argue gender-diverse boards are associated with distinct preferences that reassure investors about their commitment to moderate risk and boost long-term corporate survival. Results suggest a strong relation between gender-diverse boards and bondholder-aligned CEO compensation components,...

This paper provides a brief review of the state of knowledge in the field of agency theory. The managerial power approach assumes that a chief executive officer is able to affect the scale of his or her pay. However, Kaplan (2012) and others see a different picture of the corporate-governance...

This paper studies the effect of interlock directors’ performance feedback on the acquisition performance of focal firms from the perspective of principal-agent. The results indicate that in the acquisition network connected by interlock directors, the more successful the performance feedback...