governance policies, such as managerial pay, and curbing competition. We study a model where managers can exert unobservable cost …

This paper investigates interactions between two central corporate governance mechanisms: shareholder rights and … that shareholder rights and managerial ownership are complementary governance mechanisms …

This paper studies how directors' reputational concerns affect board structure, corporate governance, and firm value …. In our setting, directors affect their firms' governance, and governance, in turn, affects firms' demand for new … equilibrium and depends on aggregate governance. We show that directors' desire to be invited to other boards creates strategic …

governance policies, such as managerial pay, and curbing competition. We study a model where managers can exert unobservable cost …