This paper develops an account of the role and significance of rent extraction in executive
compensation. Under the optimal contracting view of executive compensation, which has …

Quantitative Corporate Finance is impressive in its treatments of corporate finance and risk
management. It uses the concept of the Markowitz risk and return, the basis of financial …

This paper examines whether the adoption of stock option plans results in changes in
shareholders' wealth, and whether the stock market reactions to ESOP announcements …

This study analyzes whether firms face a tradeoff in responding to pressures of shareholders
versus stakeholders in their quest for supply chain management excellence. Are firms that …

Although global enterprises existed before the Second World War, they grew considerably in
importance during the second half of the twentieth century. Libeled multinationals in the …

We compare the market values of executive stock option (ESO) trades with their Black &
Scholes (1973) model values calculated following the major accounting standards, SFAS …

The Labor Council of NSW commissioned the authors to look behind the current debate on
executive pay levels to gauge whether Australian executives are delivering value for the …

Purpose–The paper seeks to bring focus to the significance of the role of directors in
corporate performance. The principles of good governance are not unknown to the Indian …

Stock option grants to top managers have largely contributed to the dramatic increase in US
executive pay in recent years. In this paper it is argued that stock options, compared to other …

Regulatory proposals that seek to limit or govern finance industry bonuses in the interests of
systemic stability need to be grounded in the financial economics of producer surplus and its …