In this review, we challenge the idea that directors are well positioned to be effective
monitors of management. Moving beyond the logic of incentives and ability, we …

The importance of board committees–specialized subgroups that exist to perform many of
the board's most critical functions, such as setting executive compensation, identifying …

We explore the labor market effects of gender and race by examining board leadership
appointments. Prior studies are often limited by observing only hired candidates, whereas …

Purpose The purpose of this paper is to examine the asymmetric behavior between CEO
pay and firm performance in Nigeria. Design/methodology/approach The study adopts a two …

The link between corporate philanthropy and firm value has been controversial. On one
hand, corporate philanthropy is often criticized as an agency cost because it may serve …

This study examines whether the proportion of equity-based compensation in outside
director compensation is associated with corporate strategic alliances. We hypothesize that …

I study how private communication among competitors affects their public disclosures.
Theory suggests that competing firms can use public disclosure to coordinate, and predicts …

This paper investigates the impact of corporate acquisitions on CEO compensation and CEO
turnover of family firms in Continental Europe. We find that CEOs in family firms do not …

We provide novel evidence showing that shareholder litigation risk influences firms' choices
of external growth strategies. Using staggered adoption of universal demand (UD) laws, we …

This article provides insights into the inner workings of internal corporate M&A teams using
survey evidence from sixty-five firms from Austria, Germany, and Switzerland. We find that …