endogeneity concerns in the context of corporate governance, we explore the relation between CEO power and firm performance, as an … dealing with the endogeneity issues, we find strong evidence that the true relationship between CEO power and subsequent firm …

This study investigates the monitoring role of media tone on Chief Executive Officer (CEO) power. Using CEO pay slice … (CPS) as a measure of CEO power, we find that negative tone is associated with a reduction in CEO power. The finding … theoretical predictions, we find that the impact of negative tone on the extent of CEO power is stronger in well-governed firms …

Typical contracts assign both coercive and non-coercive means of power to the principal's side, providing the agent … with a comparably small range of countervailing anti-power. Initially agents are therefore vulnerable to opportunistic … power and explain their asymmetrical allocation in the franchising industry. We demonstrate how franchisors restore those …

-economic model of an autocracy in which a ruling elite uses its political power to expropriate the general population. Although … may counteract this effect by increasing the level of expropriation. Since de facto political power is linked to economic … resources, financial integration also has long-run consequences for the distribution of power and for the rise of an …

We study whether changes in corporate governance and CEO power affect bonus-based implicit relative performance … evaluation (RPE). We rely on a regression discontinuity design of shareholder proposals to proxy for shocks to CEO power. The … capture changes in CEO power. We identify important real effects associated with the strengthening of RPE and find that …

managerial ability view. First, CEO power is endogenously determined reflecting the CEO's ability. Specifically, founder-CEOs are …