Strong corporate governance may bear some costs to shareholders when it leads to the departure of value-enhancing CEOs … out of disagreement with the board. We test this hypothesis using the passing of shareholder proposals related to anti-takeover … evidence that the indiscriminate lifting of anti-takeover provisions is detrimental to shareholder value due to its adverse …

Strong corporate governance may bear some costs to shareholders when it leads to the departure of value-enhancing CEOs … out of disagreement with the board. We test this hypothesis using the passing of shareholder proposals related to anti-takeover … evidence that the indiscriminate lifting of anti-takeover provisions is detrimental to shareholder value due to its adverse …

Shareholders. Drawing on new developments in clinical psychology we surface evidence of overconfidence, narcissism and hubris over …

granting in-the-money rather than at-the-money ESOs cannot simultaneously benefit shareholders and managers is positively … of cases, issuing in-the-money ESOs is welfare-enhancing for both managers and shareholders … shareholders when the firm awards backdated stock options to its executives, selecting a date when the stock price is below the …

not adequately prevent corporate managers from violating their fiduciary duty. This Article presents a solution, advising … shareholders to reform corporate governance through executive compensation contracts that would properly incentivize corporate … managers to comport with their duty of loyalty. Part I examines the rise of contractarianism, the prominent legal academic view …

Purpose: This study explores the probability of expropriation of minority shareholders by controlling shareholders in …-2010.Design/methodology/approach: We use a direct method to gauge controlling shareholders' tunneling and expropriation of … minority shareholders, and we present a simple model to link corporate governance and the degree of entrenchment by the largest …

repeatedly and/or when shareholders communicate “acceptable” bonus levels to CEOs. Our results inform regulators and boards of …