We analyze the payout channel choice of listed UK firms and examine whether the choice between dividends, share repurchases, a combination of payout...
This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top...
This paper examines the impact of enhanced executive remuneration disclosure rules and the introduction of dual voting rights under UK regulations of...
We find that firms whose CEOs face stronger industry tournament incentives, measured by their pay gap relative to the highest industry CEO pay, engage in...
Government regulation on disclosure differs considerably across countries. This gives rise to some interesting research questions. One line of...Read more
Bank executive incentives and compensation have been in the spotlight since the 2007-2009 financial crisis. Some claim that there was a corporate...Read more
This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other...Read more
This recent paper by Rui Albuquerque (Boston College), Luis Cabral (NYU) and Jose Correa Guedes (Catholic University of Portugal) shows that in...Read more
This article tells the story of our shareholder class action against Teva Pharmaceutical Industries as an illustration of the global race to...Read more