The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed … definitions of competition: the intensity of import penetration, which accounts for price competition, and the intensity of R …&D and advertising expenditures, which captures the oligopolistic nature of competition when products are vertically …

This paper examines how managers at the top of a public institution, central bank executives, allocate their working … time. Using detailed information from personal diaries of the six members of the European Central Bank's Executive Board …

with the evolution in executive pay and the market for managers during earlier time periods. A case study of General … managers …

investigate whether the appointment of well-connected directors enhanced equity value for bank shareholders. Our analysis of panel … data shows that the appointment of connected directors did not increase the rate of return on bank equity. In fact, we find … that the appointment of MPs to directorships had negative effects on bank equity returns. Our event-study analysis …

result of powerful managers setting their own pay. Others interpret high pay as the result of optimal contracting in a …