Browsing Faculty of Arts and Sciences by Keyword "corporate governance"
Now showing items 1-4 of 4
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Family Firms
(Wiley-Blackwell, 2003)We present a model of succession in a firm owned and managed by its founder. The founder decides between hiring a professional manager or leaving management to his heir, as well as on how much, if any, of the shares to ... -
The Hazards of Expert Control: Chief Risk Officers and Risky Derivatives
(SAGE Publications, 2017-05-31)At the turn of the century, regulators introduced policies to control bank risk-taking. Many banks appointed chief risk officers (CROs), yet bank holdings of new, complex, and untested financial derivatives subsequently ... -
Investor Protection and Corporate Valuation
(Wiley-Blackwell, 2002)Recent research has documented large differences among countries in ownership concentration in publicly traded firms, in the breadth and depth of capital markets, in dividend policies, and in the access of firms to external ... -
The Law and Economics of Self-dealing
(Elsevier, 2008)We present a new measure of legal protection of minority shareholders against expropriation by corporate insiders: the anti-self-dealing index. Assembled with the help of Lex Mundi law firms, the index is calculated for ...