In the past 30 years, major changes have occurred not only in the kinds of securities issued, but also in the "way" securities are issued and in the national markets "where" they are issued. Traditional registered offerings have been partly displaced by shelf registered offerings and Rule 144A...

How does a corporate board select their new CEO and directors? These questions are interesting to both practitioners and researchers. In my first essay, I develop a search-matching model which predicts that new CEOs who are better matches to the firms will stay longer, perform better, and...

Average cumulative abnormal returns around proxy statements containing “in-depth” disclosures of planning for CEO succession are significantly positive indicating that succession planning is a value-added undertaking. Exploiting a quasi-natural experiment based on a 2009 SEC ruling that...