If management has high private benefits and a small equity stake, managers and workers are natural allies against takeover threats. Two forces are at...
The dominant agency-cost paradigm for the analysis of corporate law is based on the
proposition that the welfare of society is best met by rules which...
Studying 30 countries, we find that the link between employee satisfaction and stock returns is significantly increasing in a country’s labor market...
We develop a model of the market for knowledge workers in which talent is discovered on the job. In the model, asymmetric information and firm-specific...