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Local CEOs, Career Concerns, and Voluntary Disclosure
I study whether the management guidance provided by local CEOs differs from the guidance provided by nonlocal CEOs. The geographic preferences of the CEOs lead to segmented executive labor markets, which impose higher costs ...
Essays on Financial Intermediaries
This dissertation consists of two essays that study the issues related to financial intermediaries. In the first essay, I examine the effects of institutional common ownership on the use of peer benchmarking for CEO pay. ...
Corporate Governance in Emerging and Developed Economies
This dissertation investigates (1) chief executive officer (CEO) compensation, (2) board of directors, and (3) firm ownership and control, three widely studied topics in the corporate governance domain. With three chapters, ...
CEO Pay Disparity and Firm Value
Prior studies have reported mixed results with regard to the effect of CEO pay disparity on firm value. While one stream of studies provide evidence that, based on tournament theory, a higher wage difference between CEOs ...