… to discipline and screen executives. Consistent with empirical observation, we find that
executives … and dismissal is weak; and that boards occasionally dismiss competent executives. …

… to discipline and screen executives. Consistent with empirical observation, we find that
executives … and dismissal is weak; and that boards occasionally dismiss competent executives. …

… The sample is screened to include only successful tender offers for … the top manager of each
target firm from the Standard and Poor's Register of Corporations, Directors, and Executives (…

… of this paper was circulated under the title Disciplining and Screening Top Executives. … to
discipline and screen executives. Consistent with empirical observation, we find that executives …

… An earlier version of this paper was circulated under the title Disciplining and screening
top executives. †Address for correspondence: Bauke Visser, Erasmus School of Economics, …

… top executive (the principal) does not have time to make decisions related to the quotidian
routine. Therefore, the top executive … contracts intended to screen and discipline managers in …

… We then conducted the following screening procedures: (1) deleted ST, ST*, and PT firms;
(2… , and direct compensation of directors and top executives. We then estimated the following …

… As a result, when top executives of firms with a recent history of high short interest engage
in M&A activity, the value potential is more obvious to investors and thereby will more likely …

… retention contracts to screen and discipline managers in … top executive (the principal) does
not have time to make decisions related to the quotidian routine. Therefore, the top executive …

… that the discipline associated with corporate takeovers extends beyond top management to
… In those cases, we identify the person with the title of President as the top executive. We use …