Using a novel text-based measure of top management team diversity, covering over 70,000 top executives in over 6,500 U.S. firms from 1999 to 2014, we show...
This paper critiques an assessment by Bebchuk and Tallarita (BT) of the relative merits of shareholder and stakeholder governance. BT’s paper argues...
We show that the availability of finance affects firms not only through financial markets, but also through the labor market. In our model, talented...
We are witnessing a quiet but quick transformation of corporate governance. The rise of digital technologies and social media are forcing companies to...
What makes independent directors perform their monitoring duty? One possible reason is that they are concerned about being sanctioned by regulators if...
Should boards of financial firms be blamed for the financial crisis' Using a large sample of data on nonfinancial and financial firms for the period...