I develop a corporate governance framework, provide a broad overview of recent corporate
governance research, and place each of the Special Issue papers within the context of this …

Product market competition has been identified as one of the most powerful corporate
governance tools for motivating managers to maximize firm value. Consistent with this view …

This study examines the difference between high and low concentrated markets in using
accrual and real earnings management and the role of corporate governance in mitigating …

We present a mechanism based on managerial incentives through which common
ownership affects product market outcomes. Firm-level variation in common ownership …

Motivated by prior research on the informational and monitoring role of product market
competition, we examine how competitive pressure affects firms' choice between bank debt …

This paper provides new insights into the relation between institutional investment horizon
and stock price synchronicity and investigates whether this relationship depends on the …

This paper examines how compensation systems impact peer effects and competition in
collocated sales teams. We use department store sales data to show that compensation …

This study examines the link between product market competition and labour investment
efficiency. We find that competitive pressure distorts the efficiency of corporate employment …

We study theoretically the effect of product market competition on the incentives to engage in
earnings manipulation, and we show how manipulating earnings is particularly rewarding in …

As a theory of profit, resource-based theory is focused on a single causal mechanism—
competitive advantage. Although this focus has been useful in helping to understand some …