Trends in corporate governance

Deskripsi

The popular press and scolarly studies have noted a number of trenda in corporate governance. This article addresses, from a theoritical perspective, whether these trends are linked. And, if so, how ? The article finds that a trend toward greater board diligence will lead, sometimes through subtle or indirect mechanisms, to trends toward more external candidates becoming CEO, shorter tenures for CEOs more effort/less perquisite consumption by CEOs (even though such behavior is not directly monitored), and greater CEO compensation. .Printed Journal