The purpose of this monograph is to provide an overview of the IPO literature since 2000.
The fewer numbers of companies going public in recent years has raised many questions …

This paper contributes to the corporate governance literature by developing and testing
theory regarding positive and negative synergies between the CEO's and the board's human …

Whether equity-based compensation and equity ownership align the interests of managers
with stockholders is an important question in finance. Early studies found an inverted U …

Firms widely use equity incentive plans to tackle agency problems, yet how they are adopted
under wage rigidity remains unclear. We develop a simple principal–agent model with wage …

We propose that high‐quality corporate governance may mitigate agency costs related to
value‐destroying investments in stakeholder management (SM). Using an unbalanced …

Based on hand‐collected data on Chinese listed non‐state‐owned enterprises (hereafter,
non‐SOEs), this paper investigates how political connection and family involvement affect …

与发达市场经济中的公司相比, 由于政府对经济运行干预较多, 处于经济转轨期的中国公司面临
着更为严重的政治成本. 但是, 政治成本与盈余管理的关系, 在我国尚未展开深入的探讨 …

We examine the relation between CEO delta, firm locality, and firm value for a sample of
7749 firm-year observations. We find that CEO delta is more value-enhancing for rural firms …

Higher CEO ownership and cash payouts have the potential to mitigate agency conflicts
associated with overinvestment of free cash flows. But empirical evidence on the effect of …

Purpose The purpose of this paper is to examine operational and stock performance
changes around forced CEO turnovers caused by conflicts between corporate boards and …