Is the reputation of a firm tradeable when the previous owner has toretire even though ownership change is observable? The authors of this paper consider a competitive market in which a share of owners must retire in each period. New owners, observing only recent profits, bid for the firms...

The authors determines a two product company, that sells their products with different quality under an umbrella brand.

The focus of the paper is on the remuneration of executives of large European banks. We describe the pay-for-performance sensitivity of the compensation and its disclosure as two dimensions of the board remuneration systems in the European countries.

This paper describes the pay-for-performance sensitivity of the compensation and its disclosure as two dimensions of the board remuneration systems in the European countries.