The results of this paper add significant contributions to the earlier findings that investigated various incentives to CEO's, contingent on future returns. This paper chooses a long time horizon, and revisits the challenges of aligning CEO Compensation with Performance and Shareholders' best...

In this paper, we examine the effects of board structure on a wide variety of corporate litigation. We use a unique hand-collected dataset of corporate lawsuits and the 2002 NYSE/NASDAQ exchange listing requirements, as an exogenous shock to board independence, to empirically examine the...