This study focuses on the impact of the California Non-Profit Integrity Act (2004) on executive compensation costs in affected nonprofit organizations. We find that, for affected organizations, executive compensation costs during post-regulation periods have gone up in comparison to control...

This study examines the impact of the California Nonprofit Integrity Act (2004) on CEO compensation costs in affected organizations. Contrary to the stated objective of the Act that executive compensation be “just and reasonable,” we find that CEO compensation costs for affected nonprofits...

The extremely high A- share under-pricing in China’s primary market provides us with a very interesting area of empirical research. Previous studies on China’s IPO underpricing have been suggestive, but in-conclusive. A significant decline in A- share underpricing is found in 2003 relative...