Leveraged buyouts (LBO) are generally explained in terms of a governance mechanism that disciplines management. It is … operationalized by increasing the leverage of a firm, which has an implicit consequence of constraining management in the use of free … funds on the back of the acquired company's operating assets. A securitized LBO imposes explicit restrictions on management …

This paper examines the economic determinants that lead German firms to adopt value-based management and control …

to be socially responsible and in the best long-term interests of its companies. There is no basis other than management …

behave opportunistically, we challenge that earnings management is solely a symptom of weak governance. We conclude that … strengthening shareholder power to alleviate the conflict between shareholders and management can also have the unintended …

We relate impression and earnings management to the field of ethnostatistics, the study of how statistics are produced … and managed. By further linking impression management and agency theory, we show that earnings management may exacerbate … agency problems. We hypothesize that earnings-increasing earnings management occurs more frequently following duality …