Building on agency and prospect theory views, we construct, in this article, a behavioral
agency model of executive risk taking. In the model we combine elements of internal …

Prior research on the relationship between corporate controls and firm performance is
premised on the notion that, in theory, there is direct association between corporate …

This article develops and applies a new framework for under standing and interpreting the
breadth of executive compensation research and theory. This framework sorts the literature …

Conceiving of stock options as providing CEOs with cues for the possibility of both greater
prospective wealth and losses to current wealth, we revisit predictions of the behavioral …

We consider boards as human groups in the uppermost echelon of corporations and
examine how an informal hierarchy that tacitly forms among a firm's directors affects firm …

Synthesizing agency theory and prospect theory, we examined the effects of stock-based
incentives on CEO earnings manipulation behaviors. In analyses of data compiled from the …

Contrasting systems of corporate governance persist internationally but are subject to
regulatory and firm-level institutional change. Such changes may be viewed as …

The reported research examines the relative contributions of prospect and agency theory
explanations for specific operational risks and subsequent firm performance in regulated …

Despite the growing importance of institutional investors in global capital markets and the
link between bank earnings management and financial crash risk, little is known about the …

This study examines the association of firm performance and board independence, in
concert with growth options for South African firms. It is motivated by the recent reform of the …