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We study changes in the design of CEO contracts when firms transition from being public with dispersedshareholders to having strong principals in the form of private equity sponsors. These principals redesignsome, but far from all, contract characteristics. There is no evidence that they reduce...
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.Among those initiatives, a push toward more disclosure ofinformation in published accounts has been prominent. Inparticular …, policy proposals such as the New Basel Accord(Pillar 3) have introduced a number of disclosure requirementsthat aim to … increases in disclosure may not be able tomaterially change this. “The push for increased marketdiscipline and disclosure may …
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