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 …

„Als ich vor zwanzig Jahren nach Antworten auf einige Fragen der Kommunalorganisation
suchte–unter anderem ob das Dezernat für Erholung und Freizeit der Schulbehörde oder …

Economic uncertainty disrupts firms' ability to create value. Most related literature examines
how various organizational characteristics affect value under extreme conditions–the global …

The long-term effects of hedge fund activism are controversial. Some empirical studies
document that activism is associated with increased long-term firm value, suggesting that …

We show that a large number of firms adopt poison pills during periods of market turmoil.
Specifically, during the coronavirus pandemic, many firms adopted poison pills following …

This reflection focuses on what insights Catholic Social Teaching (CST) can provide for
corporate governance. I argue that the 'standard'agency theory is overly reductionist and …

We investigate the relation between audit committee (AC) quality indices, financial reporting,
internal control quality and firm value using a US dataset for the period 2002–12. The …

Exploiting a hand-collected database with almost 2,200 firms during 1996–2014, I analyze
the relationship between the presence of poison pills and firm value. Consistent with earlier …

Abstract Manuscript Type Empirical Research Question/Issue Does foundation ownership
lead to long‐term corporate governance and business behavior in foundation‐owned …

Modern securities regulation has three main areas, each of which is plagued by a core
problem. Mandatory disclosure law leaves society with suboptimal disclosure, as the …