governance and review the rationale for what we term strategic partnerships' between management and labor. The paper describes … discussion of strategic issues: negotiated union-management partnership agreements, and union representation on corporate boards …

work on shareholders and shareholder activism, directors, executives and their compensation, controlling shareholders …

. It reduces organizing success by lowering profits, thus giving management a greater incentive to oppose unions. It shows … that in the traditional monopoly model, any given premium can cause management to donate more resources to opposing a union …

the acquiring firm increases, the interests of managers are more closely aligned with those of shareholders, reducing the …This paper examines the effect of the benefits of corporate control to managers on the relationship between managerial … acquisition premium. At sufficiently high levels of managerial ownership, managers value a reduction in the risk of their …

the announcement day return of bidding firms. The returns to bidding shareholders are lower when their firm diversifies …, when it buys a rapidly growing target , and when the performance of its managers has been poor before the acquisition …. These results are consistent with the proposition that managerial rather than shareholders' objectives drive bad …

role in disciplining management …

An important aspect of corporate governance is the assessment of managers. When managers vary in ability, determining … behalf of shareholders) or harmful (e.g., the behavior is myopic, boosting short-term performance at the expense of long …