Relative performance evaluation (RPE) in CEO compensation can be used as a commitment device to pay CEOs for their revealed relative talent. We find...
We study the accounting and stock performance of 4,547 US acquisitions during 1989 and 2008. We categorise acquisitions into four types based on the four...
Promoting ?good? corporate governance has become an important concern. One result has been the creation of indexes that purport to measure the quality...
This article argues that the two dominant concepts of theory of the firm and the bases of modern management education, business practice, and public...
We argue that a fundamental reason for the short term perspective of corporate executives is the short-term orientation of shareholders and financial...