Showing 1 - 10 of 2,958
Persistent link: https://www.econbiz.de/10002685077
In Closer Look, we highlight significant “holes” in our knowledge of corporate governance. These are central issues where insufficient or inadequate study has left us unable to answer basic questions, and where key assumptions relied upon by experts have not been verified or validated. While...
Persistent link: https://www.econbiz.de/10014359430
Persistent link: https://www.econbiz.de/10011698004
Persistent link: https://www.econbiz.de/10010478366
Persistent link: https://www.econbiz.de/10011474498
. We find that: (1) PSP sponsors successfully identify firms that suffer from a misalignment of managers and shareholders …' interests; (2) CEOs' pay-for-performance sensitivity increases in the post-proposal period; and (3) shareholders benefit through … performance (NPSPs). Collectively, our results indicate that shareholders benefit from this pay-performance activism through PSPs …
Persistent link: https://www.econbiz.de/10013066953
This paper investigates interactions between two central corporate governance mechanisms: shareholder rights and managerial ownership. I find that the effect of managerial ownership on firm value crucially depends on shareholder rights. Managerial ownership enhances firm value when shareholder...
Persistent link: https://www.econbiz.de/10013068483
Persistent link: https://www.econbiz.de/10011703419
Persistent link: https://www.econbiz.de/10012022667
Persistent link: https://www.econbiz.de/10011789337