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 …

This paper surveys the recent agency literature, emphasizing its managerial accounting
implications. The paper first describes and compares three branches of the agency …

We conduct an exploratory qualitative comparative case analysis of the S&P 1500 firms with
the aim of elaborating theory on how corporate governance mechanisms work together …

Our estimates of the pay-performance relation (including pay, options, stockholdings, and
dismissal) for chief executive officers indicate that CEO wealth changes 3.25forevery 1,000 …

This article is intended to enhance the position of stakeholder theory as an integrating theme
for the business and society field. It offers an instrumental theory of stakeholder …

Although the pyramid headed by an all-powerful individual has been a symbol of
organizations, such omnipotence is possible only in simple situations where perfected …

This paper reexamines the relation between firm value and board structure. We find that
complex firms, which have greater advising requirements than simple firms, have larger …

This paper provides an overview of the existing theoretical and empirical work on the
provision of incentives. It reviews the costs and benefits of many types of pay-for …

This paper studies optimal incentive contracts when workers have career concerns--
concerns about the effects of current performance on future compensation. We show that the …

We show evidence that female board representation is associated with greater innovative
success, and thus enhances firm performance in innovation-intensive industries. Firms with …