This study employs the fixed effects identification strategy to examine the differential effects of financial institutions vs. financial markets on technological innovation in understudied African markets using a large country-industry sample. We provide evidence that the incentive effect of...

The study analyses the impact of bank performance, and CEO ethics on compensation for large listed banks in Nigeria from 2006-2016. The study employs alternative measures of bank performance and a self-constructed CEO ethics index to analyze the determinants of CEO pay. The study shows that bank...

The paper investigates the implications of busy directors on bank performance and bank risks in Brazil. The study employs an event study based on a change in board status as an identification strategy, Heckman's two-stage model, and the propensity score matching method to account for...