The corporate governance literature on potential remedies to the agency problem has focused largely on external control mechanisms, especially board independence. We instead consider how an internal, psychological factor – CEO organizational identification – might influence the extent to...

Materialization of new markets results in variations in company valuations due to information asymmetry compounded with uncertainty. This information asymmetry can lead to adverse selection and moral hazard. However, this information asymmetry can be reduced, to a certain extent, through...