The purpose of this book is to review the theory and empirical evidence regarding the impact of dividend policy on shareholder wealth. It cuts to the quick of such long-standing questions as Why do corporations pay dividends? and Why should investors care? With relevant anecdotes, surveys,...

Related party transactions and corporate governance / Elizabeth A. Gordon, Elaine Henry, Darius Palia -- Does corporate governance matter in the market response to merger announcements? Evidence from the U.S. and Germany / Paul Lowengrub, Torsten Luedecke, Michael Melvin -- Clientelism, debt...

Foreign ownership and firm value : evidence from Japan / Stephen P. Ferris, Kwangwoo Park -- The impact of regulatory change on insider trading profitability : some early evidence from New Zealand / Aaron Gilbert, Alireza Tourani-Rad, Tomasz Piotr Wisniewski -- Corporate governance mechanisms in...

Corporate downsizing and CEO compensation / Alexandros P. Prezas, Murat Tarimcilar, Gopala K. Vasudevan -- The external monitoring bodies' view of the board independence in the new public family firms / Imants Paeglis, Dogan Tirtiroglu -- Ownership structure, financial rent and performance :...

Volume 14 of Advances in Financial Economics presents recent research on corporate governance from a number of countries across the world, including the United States, Spain, Malaysia, Israel and others. Many important corporate governance mechanisms are examined, such as board characteristics...

This volume contains a set of empirical papers by a set of global scholars who examine corporate governance and market regulation from a variety of perspectives. Jiang, Kim and Zhang argue that in certain cases an ex post increase in CEO pay can prevent the ex ante problem of managerial...