Now showing items 1-10 of 10

    • Corporate Governance When Founders Are Directors 

      Li, Feng; Srinivasan, Suraj (Elsevier, 2011)
      We examine CEO compensation, CEO retention policies, and M&A decisions in firms where founders serve as a director with a non-founder CEO (founder-director firms). We find that founder-director firms offer a different mix ...
    • Disclosure Practices of Foreign Companies Interacting with U.S. Markets 

      Khanna, Tarun; Palepu, Krishna G.; Srinivasan, Suraj (2004)
      We analyze the disclosure practices of companies as a function of their interaction with the U.S. markets for a group of 794 firms from 24 countries in Asia-Pacific and Europe. Our analysis uses the Transparency and ...
    • Executive Compensation and Misconduct: Environmental Harm 

      Minor, Dylan Blu (2016-02-23)
      We explore the relationship between managerial incentives and misconduct using the setting of environmental harm. We find that high powered executive compensation can increase the odds of environmental law-breaking by ...
    • Golden Parachutes and the Wealth of Shareholders 

      Bebchuk, Lucian Arye; Cohen, Alma; Wang, Changyi Chang-Yi (2014)
      Golden parachutes (GPs) have attracted substantial attention from investors and public officials for more than two decades. We find that GPs are associated with higher expected acquisition premiums and that this association ...
    • Governance and CEO Turnover: Do Something or Do the Right Thing? 

      Fisman, Ray; Khurana, Rakesh; Rhodes-Kropf, Matthew; Yim, Soojin (INFORMS, 2014)
      We study how corporate governance affects firm value through the decision of whether to fire or retain the CEO. We present a model in which weak governance—which prevents shareholders from controlling the board—protects ...
    • The Impact of Corporate Social Responsibility on Investment Recommendations: Analysts' Perceptions and Shifting Institutional Logics 

      Ioannou; Serafeim, Georgios (Wiley-Blackwell, 2014-07-18)
      We explore the impact of corporate social responsibility (CSR) ratings on sell-side analysts' assessments of firms' future financial performance. We suggest that when analysts perceive CSR as an agency cost, due to the ...
    • The International Politics of IFRS Harmonization 

      Ramanna, Karthik (De Gruyter, 2013)
      The globalization of accounting standards as seen through the proliferation of IFRS worldwide is one of the most important developments in corporate governance over the last decade. I offer an analysis of some international ...
    • Reexamining staggered boards and shareholder value 

      Cohen, Alma; Wang, Changyi Chang-Yi (Elsevier BV, 2017)
      Cohen and Wang (2013) (CW2013) provide evidence consistent with market participants perceiving staggered boards to be value reducing. Amihud and Stoyanov (2016) (AS2016) contests these findings, reporting some specifications ...
    • Resources or Power? Implications of Social Networks on Compensation and Firm Performance 

      Horton, Joanne; Millo, Yuval; Serafeim, Georgios (2012)
      Using a sample of 4,278 listed UK firms, we construct a social network of directorship-interlocks that comprises 31,495 directors. We use social capital theory and techniques developed in social network analysis to measure ...
    • Which U.S. Market Interactions Affect CEO Pay? Evidence from UK Companies 

      Gerakos, Joseph; Piotroski, Joseph; Srinivasan, Suraj (INFORMS, 2013)
      This paper examines how different types of interactions with U.S. markets by non-U.S. firms are associated with higher level of CEO pay, greater emphasis on incentive-based compensation, and smaller pay gap with U.S. firms. ...