Grounded in agency theory, this study explores how capital structure is influenced by aggregate corporate governance quality. We employ broad-based governance measures that encompass multiple factors, including boards, audit quality, charter/bylaws, director quality, executive compensation,...

We examine the effects of internal and external corporate governance and monitoring mechanisms on the dual-class status and the firm value of dual-class firms. Employing 736 dual-class firms and 7,027 single-class firms in U.S., we find that dual-class firms tend to be larger, and have higher...

Purpose: Capitalizing on a unique measure of takeover susceptibility principally based on the staggered implementation of state laws, we explore the takeover market’s effect on managerial ownership. The market for corporate control, often known as the takeover market, is an important external...