Adams, Renée B.; Ferreira, Daniel Bernardo Soares - In: CESifo economic studies : CESifo, a joint initiative of … 55 (2009) 3/4, pp. 482-514
Many governance reform proposals are based on the view that boards have been too friendly to executives, for example, by awarding them excessive pay. Although boards are often on friendly terms with executives, it is less clear that they have systematically failed to function in the interests of...
