Executive compensation: A survey of theory and evidence
This paper reviews the theoretical and empirical literature on executive compensation. We
start by presenting data on the level of CEO and other top executive pay over time and …
start by presenting data on the level of CEO and other top executive pay over time and …
Blockholders: A survey of theory and evidence
A Edmans, CG Holderness - The handbook of the economics of corporate …, 2017 - Elsevier
This paper reviews the theoretical and empirical literature on the role of blockholders (large
shareholders) in corporate governance. We start with the underlying property rights of public …
shareholders) in corporate governance. We start with the underlying property rights of public …
Corporate immunity to the COVID-19 pandemic
We evaluate the connection between corporate characteristics and the reaction of stock
returns to COVID-19 cases using data on more than 6,700 firms across 61 economies. The …
returns to COVID-19 cases using data on more than 6,700 firms across 61 economies. The …
Managerial risk taking: A multitheoretical review and future research agenda
Managerial risk taking is a critical aspect of strategic management. To improve competitive
advantage and performance, managers need to take risks, often in an uncertain …
advantage and performance, managers need to take risks, often in an uncertain …
Behavioral CEOs: The role of managerial overconfidence
U Malmendier, G Tate - Journal of Economic Perspectives, 2015 - aeaweb.org
In this paper, we provide a theoretical and empirical framework that allows us to synthesize
and assess the burgeoning literature on CEO overconfidence. We also provide novel …
and assess the burgeoning literature on CEO overconfidence. We also provide novel …
Blockholders and corporate governance
A Edmans - Annu. Rev. Financ. Econ., 2014 - annualreviews.org
This paper reviews the theoretical and empirical literature on the channels through which
blockholders (large shareholders) engage in corporate governance. In classical models …
blockholders (large shareholders) engage in corporate governance. In classical models …
Generalists versus specialists: Lifetime work experience and chief executive officer pay
We show that pay is higher for chief executive officers (CEOs) with general managerial skills
gathered during lifetime work experience. We use CEOs' résumés of Standard and Poor's …
gathered during lifetime work experience. We use CEOs' résumés of Standard and Poor's …
Principal costs: A new theory for corporate law and governance
Z Goshen, R Squire - Colum. L. Rev., 2017 - HeinOnline
For the last forty years, the problem of agency costs has dominated the study of corporate
law and governance. 1 Agency costs result from the separation of control and ownership that …
law and governance. 1 Agency costs result from the separation of control and ownership that …
[HTML][HTML] CEO compensation: Evidence from the field
We survey directors and investors on the objectives, constraints, and determinants of CEO
pay. We find that directors face constraints beyond participation and incentives, and that pay …
pay. We find that directors face constraints beyond participation and incentives, and that pay …
Who bleeds when the wolves bite: A flesh-and-blood perspective on hedge fund activism and our strange corporate governance system
LE Strine Jr - Yale LJ, 2016 - HeinOnline
Few topics are sexier among commentators on corporate governance now than whether
activist hedge funds are good for, a danger to, or of no real consequence to public …
activist hedge funds are good for, a danger to, or of no real consequence to public …