We argue that the root cause behind the recent corporate scandals associated with CEO pay is the technology bubble of the latter half of the 1990s. Far from...
This paper links the CEO’s concerns for the current stock price to reductions in real investment. We identify short-term concerns using the amount of...
A long-held view in corporate circles has been that furious rapid trading in stock markets has been increasing in recent decades, justifying corporate...
This study examines whether the CEO uses share repurchases to sell her equity grants at inflated stock prices, a concern regularly voiced in politics and...
This paper looks at shareholder activism from the perspective of the revision of the EU Shareholder Rights Directive, which was approved by the European...