Women in Finance
Across countries, banks have less gender diverse boards than other firms. Bank board diversity is particularly low in countries with greater gender...
Say on Pay: do shareholders care?
This paper examines the impact of enhanced executive remuneration disclosure rules under UK regulations introduced in 2013 on the voting pattern of...
From Female Labor Force Participation to Boardroom Gender Diversity
The list of barriers to female representation in management is analogous to the list of barriers to female labor force participation. Accordingly, we...
Shareholder Empowerment and Bank Bailouts
We investigate the hypothesis that shareholder empowerment may have led to more bank bailouts during the recent financial crisis. To test this...
Boards of Banks
We show that country characteristics explain most of the cross-sectional variation in bank board independence. In contrast, country characteristics...
From fiction to fact: the impact of CEO social networks
This paper investigates the relationship between a CEO’s social network, firm identity, and firm performance. There are two competing theories that...
The role of prestige and networks in outside director appointment
We study the role of prestige and social networks in the selection of outside directors, and the subsequent effect on firm value. Both prestige and...
The dark side of 'good' corporate governance: compliance-fuelled book-cooking activities
We argue on theoretical grounds that obligatory compliance with stricter financial reporting rules (e.g., the US Sarbanes-Oxley Act) may entail...
Financial tunnelling and the revenge of the insider system: how to circumvent the new European corporate governance legislation
In this paper, we document how European companies can use financial tunnelling to the disadvantage of minority shareholders, despite improved...