Prior CEO turnover literature characterizes the board's decision as a choice between retaining versus replacing the CEO. We focus instead on the CEO's decision rights and introduce a third option in which the incumbent CEO is removed but retained on the board for an extended period, which we...

The corporate governance literature generally assumes that shareholders incentives to monitor management depend on how much of the firm the shareholders own. This dissertation proposes that another determinant of monitoring incentive is how long large shareholders intend to hold their shares,...

This study addresses the relation between the exit of venture capital and opportunistic behavior in financial disclosure. Specifically, I examine whether the exit of venture capital is associated with income-increasing earnings management in the IPO year and financial statement restatements...