Governance and CEO Turnover: Do Something or Do the Right Thing?
نویسندگان
چکیده
منابع مشابه
Governance and CEO Turnover: Do Something or Do the Right Thing?
Shareholder delegation of the power to fire the CEO to the board of directors is central to corporate governance. While the board ideally acts as desired by shareholders, board entrenchment may insulate a poorly performing manager from shareholders agitating for her removal. The conventional ‘costly firing’ model of managerial entrenchment views this protection from shareholders as purely negat...
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We study a model of opinion formation where the opinions in conflict are not equivalent. This is the case when the subject of the decision is to respect a norm or a law. In such scenarios, one of the possible behaviors is to abide by the norm and the other to ignore it. The evolution of the dynamics is implemented through an imitation mechanism, in which agents can change their opinions based o...
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ژورنال
عنوان ژورنال: Management Science
سال: 2014
ISSN: 0025-1909,1526-5501
DOI: 10.1287/mnsc.2013.1759