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This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top executive pay over time and across firms, the changing composition of pay; and the strength of executive incentives. We compare pay in U.S. public...
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in a prospect for alignment of the interests of the managers and shareholders. It was the subject of vast running of … of shareholding of the managers on the richness of the shareholders. However, the French practices are radically … study in this paper the effects of the remuneration of the managers on the shareholders’ richness of the Tunisian firms …
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fill voids caused by the inability of shareholder suits to monitor and discipline corporate managers. We further claim that …
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shareholders. As a result, these directors have incentives to go along with controllers' wishes, or, at least, inadequate … that allows policymakers to produce the precise balance of power between controlling shareholders and public investors that …
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, outlook, and ideology, have also empowered activist shareholders.There are strong normative arguments for disempowering … shareholders and, accordingly, for rolling back the gains shareholder activists have made. Whether that will prove possible in the …, while encouraging shareholder efforts to hold directors and managers accountable …
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Current attempts to reform financial markets presume that shareholder empowerment benefits shareholders. We investigate … the wealth effects associated with the SEC's rule to facilitate director nominations by shareholders. Our results are not … the probability of passage of the proposal, firms whose shareholders are more likely to use the rule to nominate directors …
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controlling shareholders, in particular, the shareholder managers. The information needed to uncover abusive RPTs is among the …One of the most important challenges to modern corporate governance is constraining controlling shareholders from … tunneling corporate resources at a cost to non-controlling shareholders. Related party transactions (RPTs) were proven by …
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