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Citations of
Benjamin Hermalin

For current contact information and a more complete listing of works, please see here

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Working papers

  1. Benjamin E. Hermalin & Michael S. Weisbach, 2007. "Transparency and Corporate Governance," NBER Working Papers 12875, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

    Cited by:

    1. Andres Almazan & Javier Suarez & Sheridan Titman, 2007. "Firms' Stakeholders and the Costs of Transparency," NBER Working Papers 13647, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

  2. Benjamin E. Hermalin & Michael S. Weisbach, 2006. "A Framework for Assessing Corporate Governance Reform," NBER Working Papers 12050, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

    Cited by:

    1. Michael S. Weisbach, 2006. "Optimal Executive Compensation vs. Managerial Power: A Review of Lucian Bebchuk and Jesse Fried's "Pay without Performance: The Unfulfilled Promise of Executive Compensation"," NBER Working Papers 12798, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    2. Albuquerque, Rui & Miao, Jianjun, 2006. "CEO Power, Compensation and Governance," CEPR Discussion Papers 5818, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:

  3. Benjamin E. Hermalin & Michael S. Weisbach, 2001. "Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature," NBER Working Papers 8161, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Published as:

    Cited by:

    1. Clara Graziano & Annalisa Luporini, 2005. "Ownership Concentration, Monitoring and Optimal Board Structure," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
      Other versions:
    2. Stéphane Hallegatte, 2005. "Accounting for Extreme Events in the Economic Assessment of Climate Change," Working Papers 2005.1, Fondazione Eni Enrico Mattei. [Downloadable!]
    3. Bennedsen, Morten & Kongsted, Hans Christian & Nielsen, Kasper Meisner, 2006. "Board Size Effects in Closely Held Corporations," Working Papers 09-2004, Copenhagen Business School, Department of Economics. [Downloadable!]
    4. A. Burak Güner & Ulrike Malmendier & Geoffrey Tate, 2006. "Financial Expertise of Directors," NBER Working Papers 11914, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    5. Naohito Abe & Taehun Jung, 2004. "Cross-Shareholdings, Outside Directors, and Managerial Turnover: The Case of Japan," Hi-Stat Discussion Paper Series d04-38, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    6. Saibal Ghosh, 2006. "Do board characteristics affect corporate performance? Firm-level evidence for India," Applied Economics Letters, Taylor and Francis Journals, vol. 13(7), pages 435-443, June. [Downloadable!] (restricted)
    7. Ugur Lel & Darius P. Miller, 2006. "International cross-listing, firm performance and top management turnover: a test of the bonding hypothesis," International Finance Discussion Papers 877, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    8. Eric Helland & Michael Sykuta, 2002. "Regulation and the Evolution of Corporate Boards: Monitoring, Advising or Window Dressing?," Claremont Colleges Working Papers 2002-27, Claremont Colleges. [Downloadable!]
    9. Helge Berger & Volker Nitsch & Tonny Lybek, 2006. "Central Bank Boards Around the World: Why Does Membership Size Differ?," IMF Working Papers 06/281, International Monetary Fund. [Downloadable!]
      Other versions:
    10. Davila, Toni & Peñalva, Fernando, 2005. "Governance structure and the weighting of performance measures in CEO compensation," IESE Research Papers D/601, IESE Business School. [Downloadable!]
    11. Silvia Dominguez Martinez & Otto H. Swank & Bauke Visser, 2006. "Disciplining and Screening Top Executives," Tinbergen Institute Discussion Papers 06-054/1, Tinbergen Institute. [Downloadable!]
    12. Audretsch, David B & Lehmann, Erik, 2002. "Does the New Economy Need New Governance? Ownership, Knowledge and Performance," CEPR Discussion Papers 3626, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    13. Hillegeist, Stephen A. & Peñalva, Fernando, 2004. "Stock option incentives and firm performance," IESE Research Papers D/535, IESE Business School. [Downloadable!]
    14. Enrichetta Ravina & Paola Sapienza, 2006. "What Do Independent Directors Know? Evidence from Their Trading," NBER Working Papers 12765, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    15. Landier, Augustin & Sraer, David & Thesmar, David, 2006. "Bottom-Up Corporate Governance," CEPR Discussion Papers 5500, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    16. Mersland, Roy & Strøm, Reidar Øystein, 2007. "Performance and corporate governance in microfinance institutions," MPRA Paper 3887, University Library of Munich, Germany. [Downloadable!]
    17. Mersland, Roy & Strøm, Reidar Øystein, 2007. "Performance and corporate governance in microfinance institutions," MPRA Paper 3888, University Library of Munich, Germany. [Downloadable!]
    18. Kwangwoo Park, 2002. "Foreign Ownership and Firm Value in Japan," CEI Working Paper Series 2002-15, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    19. Carbonai, Davide & Di Bartolomeo, Giovanni, 2006. "Interlocking directorates as a thrust substitute: The case of the Italian non-life insurance industry," MPRA Paper 4420, University Library of Munich, Germany. [Downloadable!]
      Other versions:
    20. Paolo, Santella & Carlo, Drago & Giulia, Paone, 2007. "Who cares about Director Independence?," MPRA Paper 2288, University Library of Munich, Germany. [Downloadable!]
    21. Pablo de Andres Alonso & Eleuterio Vallelado Gonzalez, 2006. "Corporate governance in banking: The role of Board of Directors," Working Papers 200604, Department of Business Economics, Universitat Autonoma de Barcelona. [Downloadable!]
    22. Julio Segura, 2004. "Competencia, disciplina de mercado y regulación en presencia de conflictos de interés en las empresas," Hacienda Pública Española, IEF, vol. 169(2), pages 135-170, June. [Downloadable!]
    23. Dong-Hua Chen & Joseph P.H. Fan & T.J. Wong, 2004. "Politically -connected CEOs, Corporate Governance and Post-IPO Performance of China's Partially Privatized Firms," CEI Working Paper Series 2004-5, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    24. Marie-Thérèse Camilleri Gilson & Tonny Lybek & Kenneth Sullivan, 2007. "Audit Committees in Central Banks," IMF Working Papers 07/73, International Monetary Fund. [Downloadable!]
    25. Attiya Y. Javed & Robina Iqbal, 2007. "The Relationship between Corporate Governance Indicators and Firm Value: A Case Study of Karachi Stock Exchange," PIDE-Working Papers 2007:14, Pakistan Institute of Development Economics. [Downloadable!]
    26. David A. Becher & Terry L. Campbell II, 2004. "Corporate governance of bank mergers," Proceedings, Federal Reserve Bank of Chicago, issue May, pages 267-287. [Downloadable!]
    27. Carlos Alves & Cristina Barbot, 2006. "Do Low Cost Carriers Have Different Corporate Governance Models?," FEP Working Papers 231, Universidade do Porto, Faculdade de Economia do Porto. [Downloadable!]
    28. Antonio Mínguez & Juan Francisco Martín Ugedo, 2005. "La Influencia Del Poder De La Direccion En El Riesgo Y En El Valor De La Empresa: Evidencia Para El Mercado Español," Working Papers. Serie EC 2005-13, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
    29. Burcin Yurtoglu, 2003. "Corporate Governance and Implications for Minority Shareholders in Turkey," Working Papers 2003/7, Turkish Economic Association. [Downloadable!]
    30. Bruno, Valentina & Claessens, Stijn, 2007. "Corporate Governance and Regulation: Can There Be Too Much of a Good Thing?," CEPR Discussion Papers 6108, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    31. Matthias Benz & Marcel Kucher & Alois Stutzer, . "Are Stock Options the Managers' Blessing? Stock Option Compensation and Institutional Controls," IEW - Working Papers iewwp061, Institute for Empirical Research in Economics - IEW. [Downloadable!]
    32. Antonio Mínguez & Juan Francisco Martín Ugedo, 2003. "El Consejo De Administración Como Mecanismo De Control: Evidencia Para El Mercado Español," Working Papers. Serie EC 2003-02, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
    33. Vranceanu, Radu, 2003. "Manager Unethical Behavior During The New Economy Bubble," ESSEC Working Papers DR 03026, ESSEC Research Center, ESSEC Business School. [Downloadable!]
    34. Morten Bennedsen & Hans Christian Kongsted & Kasper Meisner Nielsen, 2004. "Board Size Effects in Closely Held Corporations," CAM Working Papers 2004-25, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics. [Downloadable!]
    35. Bengt Holmstrom & Steven N. Kaplan, 2003. "The State of U.S. Corporate Governance: What's Right and What's Wrong?," NBER Working Papers 9613, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    36. Leslie Eldenburg & Benjamin E. Hermalin & Michael S. Weisbach & Marta Wosinska, 2001. "Hospital Governance, Performance Objectives, and Organizational Form," NBER Working Papers 8201, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    37. Albuquerque, Rui & Miao, Jianjun, 2006. "CEO Power, Compensation and Governance," CEPR Discussion Papers 5818, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    38. Richardson, Scott & Tuna, A. Irem & Wysocki, Peter D., 2003. "Accounting for Taste: Board Member Preferences and Corporate Policy Choices," Working papers 4307-03, Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
    39. Reena Aggarwal & Isil Erel & René Stulz & Rohan Williamson, 2007. "Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences," NBER Working Papers 13288, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    40. Javed, Attiya Y. & Iqbal, Robina, 2007. "Relationship between Corporate Governance Indicators and Firm Value: A Case Study of Karachi Stock Exchange," MPRA Paper 2225, University Library of Munich, Germany. [Downloadable!]
    41. Davila, Antonio & Peñalva, Fernando, 2004. "Corporate governance and the weighting of performance measures in CEO compensation," IESE Research Papers D/556, IESE Business School. [Downloadable!]
    42. Randall Morck, 2004. "Behavioral Finance in Corporate Governance - Independent Directors, Non-Executive Chairs, and the Importance of the Devil’s Advocate," NBER Working Papers 10644, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    43. Manuel Ammann & Markus Leuenberger & Heinrich von Wyss, 2005. "Eigenschaften von Verwaltungsräten und Unternehmensperformance," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 141(I), pages 1-22, March. [Downloadable!]
    44. Francisco J. Pueyo, 2006. "Interlocking directorates in Spanish banking in the twentieth century," Economics Working Papers 931, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
    45. Toudas, Kanellos & Karathanassis, George, 2007. "Corporate Governance and Firm Performance: Results from Greek Firms," MPRA Paper 6414, University Library of Munich, Germany. [Downloadable!]
    46. Alfonsina Iona & Leone Leonida & Aydin Ozkan, . "Determinants of Financial Conservatism: Evidence from Low-Leverage and Cash-Rich UK Firms," Discussion Papers 04/01, Department of Economics, University of York. [Downloadable!]
    47. Reena Aggarwal & Isil Erel & Rene M. Stulz & Rohan Williamson, 2007. "Do U.S. Firms Have the Best Corporate Governance? A Cross-Country Examination of the Relation between Corporate Governance and Shareholder Wealth," NBER Working Papers 12819, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    48. Gary Gorton & Frank Schmid, 2002. "Class struggle inside the firm: a study of German codetermination," Working Papers 2000-025, Federal Reserve Bank of St. Louis. [Downloadable!]
    49. Szilárd Erhart & Jose-Luis Vasquez-Paz, 2007. "Optimal monetary policy committee size: Theory and cross country evidence," MNB Working Papers 2007/6, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
      Other versions:
    50. Oxelheim, Lars & Randøy, Trond, 2001. "The Impact of Foreign Board Membership on Firm Value," Working Paper Series 567, Research Institute of Industrial Economics. [Downloadable!]

  4. Leslie Eldenburg & Benjamin E. Hermalin & Michael S. Weisbach & Marta Wosinska, 2001. "Hospital Governance, Performance Objectives, and Organizational Form," NBER Working Papers 8201, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

    Cited by:

    1. Benjamin E. Hermalin & Michael S. Weisbach, 2001. "Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature," NBER Working Papers 8161, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    2. Richard Arnould & Marianne Bertrand & Kevin F. Hallock, 2000. "Does Managed Care Change the Mission of Nonprofit Hospitals? Evidence From the Managerial Labor Market," NBER Working Papers 7924, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    3. Frank Sloan, 2002. "Hospital Ownership Conversions: Defining the Appropriate Public Oversight Role," Forum for Health Economics & Policy, Berkeley Electronic Press, vol. 5(1), pages 1031-1031. [Downloadable!] (restricted)

  5. Benjamin E. Hermalin and Michael L. Katz., 2000. "Corporate Diversification and Agency," Research Program in Finance Working Papers RPF-291, University of California at Berkeley. [Downloadable!]
    Other versions:

    Cited by:

    1. Nancy L. Rose & Andrea Shepard, 1994. "Firm Diversification and CEO Compensation: Managerial Ability or Executive Entrenchment?," NBER Working Papers 4723, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    2. Perotti, Enrico C & von Thadden, Ernst-Ludwig, 2003. "The Political Economy of Bank and Equity Dominance," CEPR Discussion Papers 3914, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    3. Tarun Khanna & Yishay Yafeh, 2002. "Business Groups and Risk Sharing around the World," CEI Working Paper Series 2002-8, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    4. Claessens, Stijn & Djankov, Simeon & Joseph P. H. Fan & Lang, Larry H. P., 1999. "Corporate diversification in East Asia : the role of ultimate ownership and group affiliation," Policy Research Working Paper Series 2089, The World Bank. [Downloadable!]
    5. Enrico Perotti & Ernst Ludwig von Thadden, 2004. "The Political Economy of Bank- and Market Dominance," Tinbergen Institute Discussion Papers 04-012/2, Tinbergen Institute. [Downloadable!]
      Other versions:
    6. Felipe Balmaceda, 2002. "Corporate Diversification: Good for Some Bad for Others," Documentos de Trabajo 141, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]

  6. Benjamin E. Hermalin & Alice M. Isen, 2000. "The Effect of Affect on Economic and Strategic Decision Making," Econometric Society World Congress 2000 Contributed Papers 1136, Econometric Society. [Downloadable!]
    Other versions:

    Cited by:

    1. Georg Kirchsteiger & Luca Rigotti & Aldo Rustichini, 2001. "Your Morals Are Your Moods," Department of Economics, Working Paper Series 1018, Department of Economics, Institute for Business and Economic Research, UC Berkeley. [Downloadable!]
      Other versions:
    2. Stephan Meier & Alois Stutzer, . "Is Volunteering Rewarding in Itself?," IEW - Working Papers iewwp180, Institute for Empirical Research in Economics - IEW. [Downloadable!]
      Other versions:
    3. Hakan Berument & M. Eray Yücel & Onur Ince, 2005. "Success in Soccer and Economic Performance : Evidence from Besiktas-Turkey," Departmental Working Papers 0507, Bilkent University, Department of Economics. [Downloadable!]
    4. Lucy F. Ackert & Bryan K. Church & Richard Deaves, 2003. "Emotion and financial markets," Economic Review, Federal Reserve Bank of Atlanta, issue Q2, pages 33-41. [Downloadable!]
    5. Lucy F. Ackert & Jorge Martinez-Vazquez & Mark Rider, 2004. "Tax policy design in the presence of social preferences: some experimental evidence," Working Paper 2004-33, Federal Reserve Bank of Atlanta. [Downloadable!]
      Other versions:
    6. De Figueiredo, John M. & De Figueiredo, Rui J. P. Jr., 2002. "Managerial Decision-Making in Non-Market Environments: A Survey Experiment," Working papers 4246-02, Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]

  7. Benjamin E. Hermalin & Andrew K. Rose, 1999. "Risks to Lenders and Borrowers in International Capital Markets," NBER Working Papers 6886, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

    Cited by:

    1. Pablo Bustelo & Clara Garcia & Iliana Olivie, 1999. "Global and Domestic Factors of Financial Crises in Emerging Economies: Lessons from the East Asian Episodes (1997-1999)," Working Papers 002, Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales. [Downloadable!]
    2. Arias, Guillaume & Erlandsson, Ulf, 2004. "Regime switching as an alternative early warning system of currency crises - an application to South-East Asia," Working Papers 2004:11, Lund University, Department of Economics. [Downloadable!]
    3. Matteo Iacoviello & Raoul Minetti, 2003. "Domestic and Foreign Lenders and International Business Cycles," Boston College Working Papers in Economics 554, Boston College Department of Economics, revised 05 Dec 2003. [Downloadable!]
    4. Michael D. Bordo & Barry Eichengreen & Douglas A. Irwin, 1999. "Is Globalization Today Really Different than Globalization a Hunderd Years Ago?," NBER Working Papers 7195, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    5. Claudia M. Buch, 2000. "Are Banks Different? Evidence from International Data," Kiel Working Papers 1012, Kiel Institute for the World Economy. [Downloadable!]
      Other versions:

  8. Benjamin E. Hermalin & Alan Schwartz, 1998. "Buyouts in Large Companies," Yale School of Management Working Papers ysm66, Yale School of Management. [Downloadable!]
    Published as:

    Cited by:

    1. Lucian Arye Bebchuk & Marcel Kahan, 1999. "The 'Lemons Effect' in Corporate Freeze-Outs," NBER Working Papers 6938, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

  9. Benjamin E. Hermalin & Nancy E. Wallace, 1997. "Firm Performance and Executive Compensation in the Savings and Loan Industry," Finance 9710006, EconWPA. [Downloadable!]
    Published as:

    Cited by:

    1. Benjamin E. Hermalin & Andrew K. Rose, 1999. "Risks to Lenders and Borrowers in International Capital Markets," NBER Working Papers 6886, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    2. Montmarquette, Claude & Rullière, Jean-Louis & Villeval, Marie-Claire & Zeiliger, Romain, 2004. "Redesigning Teams and Incentives in a Merger: An Experiment with Managers and Students," IZA Discussion Papers 1057, Institute for the Study of Labor (IZA). [Downloadable!]
      Other versions:
    3. Elijah Brewer, III & William Curt Hunter & William E. Jackson, III, 2004. "Investment opportunity set, product mix, and the relationship between bank CEO compensation and risk-taking," Working Paper 2004-36, Federal Reserve Bank of Atlanta. [Downloadable!]
    4. Alex Edmans & Xavier Gabaix & Augustin Landier, 2007. "A Calibratable Model of Optimal CEO Incentives in Market Equilibrium," NBER Working Papers 13372, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    5. Gregory E. Sierra & Eli Talmor & James S. Wallace, 2004. "A unified analysis of executive pay: the case of the banking industry," Supervisory Policy Analysis Working Papers 2004-02, Federal Reserve Bank of St. Louis. [Downloadable!]
    6. Lionel Martellini & Branko Urosevic, 2003. "On the Valuation and Incentive Effects of Executive Cash Bonus Contracts," Economics Working Papers 784, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
    7. Claude Montmarquette & Jean-Louis Rullière & Marie-Claire Villeval & Romain Zeiliger, 2002. "Redesigning Teams and Incentives: A Real Effort Experiment with Managers of a Merged Company," CIRANO Working Papers 2002s-86, CIRANO. [Downloadable!]
      Other versions:

  10. Aaron S. Edlin & Benjamin E. Hermalin, 1997. "Contract Renegotiation in Agency Problems," NBER Working Papers 6086, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:

    Cited by:

    1. Georg Noeldeke & Klaus Schmidt, 1998. "Sequential Investments and Options to Own," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
      Other versions:
    2. Amin, Mohammad & Mattoo, Aaditya, 2006. "Can guest worker schemes reduce illegal migration ?," Policy Research Working Paper Series 3828, The World Bank. [Downloadable!]

  11. Benjamin E. Hermalin & Michael S. Weisbach, 1996. "Endogenously Chosen Boards of Directors and Their Monitoring of the CEO," Working Papers _004, University of California at Berkeley, Haas School of Business. [Downloadable!]
    Other versions:

    Published as:

    Cited by:

    1. Clara Graziano & Annalisa Luporini, 2005. "Ownership Concentration, Monitoring and Optimal Board Structure," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
      Other versions:
    2. Ann B. Gillette & Thomas H. Noe & Michael J. Rebello, 2000. "Corporate board composition, protocols, and voting behavior: experimental evidence," Working Paper 2000-10, Federal Reserve Bank of Atlanta. [Downloadable!]
      Other versions:
    3. Andres Almazan & Javier Suarez & Sheridan Titman, 2007. "Firms' Stakeholders and the Costs of Transparency," NBER Working Papers 13647, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    4. Stéphane Hallegatte, 2005. "Accounting for Extreme Events in the Economic Assessment of Climate Change," Working Papers 2005.1, Fondazione Eni Enrico Mattei. [Downloadable!]
    5. Naohito Abe & Taehun Jung, 2004. "Cross-Shareholdings, Outside Directors, and Managerial Turnover: The Case of Japan," Hi-Stat Discussion Paper Series d04-38, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    6. Yin-Hua Yeh & Tracie Woidtke, 2004. "Commitment or Entrenchment?: Controlling Shareholders and Board Composition," CEI Working Paper Series 2004-8, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    7. Benjamin E. Hermalin & Michael S. Weisbach, 2007. "Transparency and Corporate Governance," NBER Working Papers 12875, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    8. Davila, Toni & Peñalva, Fernando, 2005. "Governance structure and the weighting of performance measures in CEO compensation," IESE Research Papers D/601, IESE Business School. [Downloadable!]
    9. Silvia Dominguez Martinez & Otto H. Swank & Bauke Visser, 2006. "Disciplining and Screening Top Executives," Tinbergen Institute Discussion Papers 06-054/1, Tinbergen Institute. [Downloadable!]
    10. Audretsch, David B & Lehmann, Erik, 2002. "Does the New Economy Need New Governance? Ownership, Knowledge and Performance," CEPR Discussion Papers 3626, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    11. Mihir A. Desai & Alexander Dyck & Luigi Zingales, 2004. "Theft and Taxes," NBER Working Papers 10978, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
      • Mihir A. Desai & Alexander Dyck & Luigi Zingales, 2003. "Theft and Taxes," International Tax Program Papers 0501, International Tax Program, Institute for International Business, Joseph L. Rotman School of Management, University of Toronto, revised Dec 2004. [Downloadable!]
      • Desai, Mihir & Dyck, Alexander & Zingales, Luigi, 2004. "Theft and Taxes," CEPR Discussion Papers 4816, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    12. Julian Franks & Colin Mayer, 2002. "Governance as a source of managerial discipline," Research series 200205-12, National Bank of Belgium. [Downloadable!]
    13. Anthony Marino & Jan Zabojnik, 2006. "Work-Related Perks, Agency Problems, and Optimal Incentive Contracts," Working Papers 1107, Queen's University, Department of Economics. [Downloadable!]
      Other versions:
    14. Enrichetta Ravina & Paola Sapienza, 2006. "What Do Independent Directors Know? Evidence from Their Trading," NBER Working Papers 12765, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    15. Mersland, Roy & Strøm, Reidar Øystein, 2007. "Performance and corporate governance in microfinance institutions," MPRA Paper 3887, University Library of Munich, Germany. [Downloadable!]
    16. Changmin Lee, 2007. "Where do the talented people work as outside directors?," Caepr Working Papers 2007-006, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington. [Downloadable!]
    17. Mersland, Roy & Strøm, Reidar Øystein, 2007. "Performance and corporate governance in microfinance institutions," MPRA Paper 3888, University Library of Munich, Germany. [Downloadable!]
    18. Kwangwoo Park, 2002. "Foreign Ownership and Firm Value in Japan," CEI Working Paper Series 2002-15, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    19. Morten Bennedsen & Kasper Nielsen & Francisco Pérez-González & Daniel Wolfenzon, 2005. "Inside the Family Firm: The Role of Families in Succession Decisions and Performance," CIE Discussion Papers 2005-13, University of Copenhagen. Department of Economics. Centre for Industrial Economics, revised Sep 2005. [Downloadable!]
    20. Barbara Schöndube-Pirchegger, 2007. "Corporate Governance, Reputation Concerns, and Herd Behavior," FEMM Working Papers 07006, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management. [Downloadable!]
    21. Christian Laux & Volker Laux, 2007. "Board Committees, CEO Compensation, and Earnings Management," Working Paper Series: Finance and Accounting 181, Department of Finance, Goethe University Frankfurt am Main. [Downloadable!]
    22. Thomas H. Noe & Michael J. Rebello, 2007. "To each according to her luck and power: Optimal corporate governance and compensation policy in a dynamic world," OFRC Working Papers Series 2007fe06, Oxford Financial Research Centre. [Downloadable!]
    23. Michael S. Weisbach, 2006. "Optimal Executive Compensation vs. Managerial Power: A Review of Lucian Bebchuk and Jesse Fried's "Pay without Performance: The Unfulfilled Promise of Executive Compensation"," NBER Working Papers 12798, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    24. Inderst, Roman & Mueller, Holger M, 2005. "Keeping the Board in the Dark: CEO Compensation and Entrenchment," CEPR Discussion Papers 5315, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    25. Inderst, Roman & Mueller, Holger M, 2006. "CEO Compensation and Strategy Inertia," CEPR Discussion Papers 5713, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    26. Luc Renneboog & Julian Franks & Colin Mayer, 1999. "Who Disciplines Management in Poorly Performing Companies?," OFRC Working Papers Series 1999fe01, Oxford Financial Research Centre. [Downloadable!]
      Other versions:
    27. Bennedsen, Morten & Nielsen, Kasper & Pérez-González, Francisco & Wolfenzon, Daniel, 2005. "Inside the Family Firm," Working Papers 21-2005, Copenhagen Business School, Department of Economics. [Downloadable!]
    28. Kenneth Lehn & Sukesh Patro & Mengxin Zhao, 2007. "Determinants of the Size and Structure of Corporate Boards: 1935-2000," CEI Working Paper Series 2008-13, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    29. Cocco, Joâo Francisco P.D. & Volpin, Paolo, 2005. "The Corporate Governance of Defined-Benefit Pension Plans: Evidence from the United Kingdom," CEPR Discussion Papers 4932, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    30. Gerald T. Garvey & Todd T. Milbourn, 2003. "Asymmetric Benchmarking in Compensation: Executives are Paid for (Good) Luck But Not Punished for Bad," Claremont Colleges Working Papers 2003-01, Claremont Colleges. [Downloadable!]
    31. Leslie Eldenburg & Benjamin E. Hermalin & Michael S. Weisbach & Marta Wosinska, 2001. "Hospital Governance, Performance Objectives, and Organizational Form," NBER Working Papers 8201, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    32. Albuquerque, Rui & Miao, Jianjun, 2006. "CEO Power, Compensation and Governance," CEPR Discussion Papers 5818, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    33. Gregory E. Sierra & Eli Talmor & James S. Wallace, 2004. "A unified analysis of executive pay: the case of the banking industry," Supervisory Policy Analysis Working Papers 2004-02, Federal Reserve Bank of St. Louis. [Downloadable!]
    34. Raghuram G. Rajan & Luigi Zingales, 1998. "The Governance of the New Enterprise," CRSP working papers 487, Center for Research in Security Prices, Graduate School of Business, University of Chicago. [Downloadable!]
      Other versions:
    35. Davila, Antonio & Peñalva, Fernando, 2004. "Corporate governance and the weighting of performance measures in CEO compensation," IESE Research Papers D/556, IESE Business School. [Downloadable!]
    36. Franks, J. & Mayer, C. & Renneboog, L.D.R., 1998. "Who disciplines bad management?," Discussion Paper 130, Tilburg University, Center for Economic Research. [Downloadable!]
    37. Rachel M. Hayes & Paul Oyer & Scott Schaefer, 2004. "Co-Worker Complemetarity and the Stability of Top Management Teams," NBER Working Papers 10350, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    38. Daniel Ferreira & Miguel A. Ferreira & Clara C. Raposo, 2008. "Board Structure and Price Informativeness," CEI Working Paper Series 2008-4, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    39. Renee B. Adams & Daniel Ferreira, 2007. "Women in the Boardroom and Their Impact on Governance and Performance," CEI Working Paper Series 2008-7, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    40. Mihir Desai & Alexander Dyck & Luigi Zingales, . "Corporate Governance and Taxation," American Law & Economics Association Annual Meetings 1093, American Law & Economics Association. [Downloadable!]
    41. Bertrand, Marianne & Schoar, Antoinette, 2003. "Managing With Style: The Effect of Managers on Firm Policies," Working papers 4280-02, Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
      Other versions:

  12. Ben Hermalin, 1996. "Toward an Economic Theory of Leadership: Leading by Example," Working Papers _006, University of California at Berkeley, Haas School of Business. [Downloadable!]
    Other versions:

    Published as:

    Cited by:

    1. Jan Potters & Martin Sefton & Lise Vesterlund, 2007. "Leading-by-example and signaling in voluntary contribution games: an experimental study," Economic Theory, Springer, vol. 33(1), pages 169-182, October. [Downloadable!] (restricted)
    2. Josh Lerner & Jean Triole, 2000. "The Simple Economics of Open Source," NBER Working Papers 7600, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    3. Heijden, E. van der & Moxnes, E., 2003. "Leading by example? Investment decisions in a mixed sequential-simultaneous public bad experiment," Discussion Paper 38, Tilburg University, Center for Economic Research. [Downloadable!]
    4. Werner Güth & M. Vittoria Levati & Matthias Sutter & Eline van der Heijden, 2006. "Leading by example with and without exclusion power in voluntary contribution experiments," Discussion Papers on Strategic Interaction 2006-35, Max Planck Institute of Economics, Strategic Interaction Group. [Downloadable!]
      Other versions:
    5. Pedro Rey Biel & Steffen Huck, 2005. "Endogenous Leadership in Teams," Microeconomics 0506004, EconWPA. [Downloadable!]
      Other versions:
    6. Torun Dewan & David P. Myatt, 2007. "The Qualities of Leadership: Direction, Communication, and Obfuscation," Economics Series Working Papers 311, University of Oxford, Department of Economics. [Downloadable!]
    7. Emrah Arbak & Marie-Claire Villeval, 2007. "Endogenous Leadership Selection and Influence," Working Papers 0707, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure. [Downloadable!]
      Other versions:
    8. Jiahua Che, 2000. "From the Grabbing Hand to the Helping Hand," William Davidson Institute Working Papers Series 58, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    9. Bernard Sinclair-Desgagné, 2004. "Corporate Strategies For Managing Environmental Risk (The International Library Of Environmental Economics And Policy – Volume xx)," CIRANO Working Papers 2004s-43, CIRANO. [Downloadable!]
    10. Andrew F. Daughety & Jennifer F. Reinganum, 2006. "Hidden Talents: Partnerships with Pareto-Improving Private Information," Working Papers 0613, Department of Economics, Vanderbilt University. [Downloadable!]
    11. Werner Güth & M. Vittoria Levati & Matthias Sutter & Eline van der Heijden, 2004. "Leadership and cooperation in public goods experiments," Discussion Papers on Strategic Interaction 2004-29, Max Planck Institute of Economics, Strategic Interaction Group. [Downloadable!]
    12. Urs Steiner Brandt, 2003. "Unilateral Actions the Case of International Environmental Problems," Working Papers 40/03, University of Southern Denmark, Department of Environmental and Business Economics. [Downloadable!]
      Other versions:
    13. Goodall, Amanda H. & Kahn, Lawrence M. & Oswald, Andrew J., 2008. "Why Do Leaders Matter? The Role of Expert Knowledge," IZA Discussion Papers 3583, Institute for the Study of Labor (IZA). [Downloadable!]
    14. Ugurhan Berkok, 2006. "Third-Country Demand For Peacekeeping," Defence and Peace Economics, Taylor and Francis Journals, vol. 17(5), pages 473-485, October. [Downloadable!] (restricted)
    15. Martin G. Kocher & Ganna Pogrebna & Matthias Sutter, . "The Determinants of Managerial Decisions Under Risk," Working Papers 2008-04, Faculty of Economics and Statistics, University of Innsbruck. [Downloadable!]
    16. Potters, J.J.M. & Shefton, M. & Vesterlund, L., 2003. "After you - endougenous sequencing in voluntary contribution games," Discussion Paper 98, Tilburg University, Center for Economic Research. [Downloadable!]
      Other versions:
    17. Torun Dewan & David P. Myatt, 2007. "The Qualities of Leadership:Direction, Communication, and Obfuscation," STICERD - Political Economy and Public Policy Paper Series 24, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE. [Downloadable!]
    18. Bernard Sinclair-Desgagné, 2000. "Environmental Risk Management and the Business Firm," CIRANO Working Papers 2000s-23, CIRANO. [Downloadable!]
    19. Otto H. Swank & Bauke Visser, . "Sharing Information through Delegation and Collaboration," Tinbergen Institute Discussion Papers 04-042/1, Tinbergen Institute. [Downloadable!]

  13. Benjamin E. Hermalin., 1992. "Heterogeneity in Organizational Form: Why Otherwise Identical Firms Choose Different Incentives for Their Managers," Economics Working Papers 92-193, University of California at Berkeley.
    Published as:

    Cited by:

    1. Rabah Amir & Filomena Garcia & Malgorzata Knauff, 2006. "Endogenous Heterogeneity in Strategic Models: Symmetry-breaking via Strategic Substitutes and Nonconcavities," Working Papers 2006/29, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    2. Yijiang Wang, . "Demand, Supply and Coordination: An Integrated Theory of the Division of Labor," Working Papers 0405, Industrial Relations Center, University of Minnesota (Twin Cities Campus). [Downloadable!]
    3. Walter A Cont, 2001. "Essays on Contract Design: Delegation and Agency Problems, and Monitoring Under Collusion," Levine's Working Paper Archive 625018000000000122, UCLA Department of Economics. [Downloadable!]
    4. Glazer, Amihai & Kanniainen, Vesa & Poutvaara, Panu, 2004. "Initial Luck, Status-Seeking and Snowballs Lead to Corporate Success and Failure," IZA Discussion Papers 1426, Institute for the Study of Labor (IZA). [Downloadable!]
      Other versions:
    5. Iain Cockburn & Rebecca Henderson & Scott Stern, 1999. "The Diffusion of Science-Driven Drug Discovery: Organizational Change in Pharmaceutical Research," NBER Working Papers 7359, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    6. Benjamin E. Hermalin & Michael S. Weisbach, 2001. "Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature," NBER Working Papers 8161, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    7. Ferdinand von Siemens, 2005. "Fairness, Adverse Selection, and Employment Contracts," Discussion Papers 58, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich. [Downloadable!]
    8. Marcel Boyer & Jean-Jacques Laffont, 2000. "Competition and the Reform of Incentive Schemes in the Regulated Sector," CIRANO Working Papers 2000s-58, CIRANO. [Downloadable!]
      Other versions:
    9. Cronqvist, Henrik & Low, Angie & Nilsson, Mattias, 2007. "Does Corporate Culture Matter for Firm Policies?," SIFR Research Report Series 48, Swedish Institute for Financial Research. [Downloadable!]
    10. Michael Kosfeld & Ferdinand von Siemens, 2007. "Competition, Cooperation, and Corporate Culture," IZA Discussion Papers 2927, Institute for the Study of Labor (IZA). [Downloadable!]
      Other versions:
    11. Amir, Rabah & Wooders, John, 1997. "One-Way Spillovers, Endogenous Innovator/Imitator Roles and Research Joint Ventures," Economics Series 43, Institute for Advanced Studies. [Downloadable!]
      Other versions:
    12. Wallace HUFFMAN & Richard E. JUST, 1995. "Transaction Costs, Fads, And Politically Motivated Misdirection In Agricultural Research," Staff Papers 277, Iowa State University Department of Economics. [Downloadable!]

  14. Benjamin E. Hermalin and Nancy E. Wallace., 1992. "The Determinants of Efficiency and Solvency in Savings and Loans," Economics Working Papers 92-195, University of California at Berkeley.
    Published as:

    Cited by:

    1. Rebel A. Cole & Hamid Mehran, 1996. "The effect of changes in ownership structure on performance: evidence from the thrift industry," Finance and Economics Discussion Series 96-6, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    2. Benjamin E. Hermalin & Andrew K. Rose, 1999. "Risks to Lenders and Borrowers in International Capital Markets," NBER Working Papers 6886, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    3. Allen N. Berger & Loretta J. Mester, 1997. "Inside the black box: what explains differences in the efficiencies of financial institutions?," Working Papers 97-1, Federal Reserve Bank of Philadelphia. [Downloadable!]
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    4. Patricia Born & William M. Gentry & W. Kip Viscusi & Richard J. Zeckhauser, 1995. "Organizational Form and Insurance Company Performance: Stocks versus Mutuals," NBER Working Papers 5246, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    5. J. David Cummins & Mary A. Weiss, 1998. "Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency Methods," Center for Financial Institutions Working Papers 98-22, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    6. Styrin Konstantin, 2005. "What Explains Differences in Efficiency Across Russian Banks?," EERC Working Paper Series 01-258e-1, EERC Research Network, Russia and CIS. [Downloadable!]
    7. Leslie Eldenburg & Benjamin E. Hermalin & Michael S. Weisbach & Marta Wosinska, 2001. "Hospital Governance, Performance Objectives, and Organizational Form," NBER Working Papers 8201, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    8. Donald F. Vitaliano & Gregory Stella, 2004. "The Cost of Corporate Social Responsibility: The Case of the Community Reinvestment Act," Rensselaer Working Papers in Economics 0412, Rensselaer Polytechnic Institute, Department of Economics. [Downloadable!]
      Other versions:
    9. Ekaterina Emm & Jayant Kale, 2006. "Efficiency Implications of Corporate Diversification: Evidence from Micro Data," Working Papers 06-26, Center for Economic Studies, U.S. Census Bureau. [Downloadable!]
    10. Paul W. Bauer & Allen N. Berger & Gary D. Ferrier & David B. Humphrey, 1997. "Consistency conditions for regulatory analysis of financial institutions: a comparison of frontier efficiency methods," Finance and Economics Discussion Series 1997-50, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    11. Styrin Konstantin, 2005. "X-inefficiency, Moral Hazard, and Bank Failures," EERC Working Paper Series 01-258e-2, EERC Research Network, Russia and CIS. [Downloadable!]
    12. Brian Wu & Anne Marie Knott, 2005. "Entrepreneurial Risk and Market Entry," The Office of Advocacy Small Business Working Papers 05bwmk, U.S. Small Business Administration, Office of Advocacy. [Downloadable!]
    13. Paul W. Bauer & Allen N. Berger & Gary D. Ferrier & David B. Humphrey, 1997. "Consistency conditions for regulatory analysis of financial institutions: a comparison of frontier efficiency methods," Financial Services working paper 97-02, Federal Reserve Bank of Cleveland. [Downloadable!]

  15. Bernard Caillaud and Benjamin Hermalin., 1991. "The Use of an Agent in a Signalling Model," Economics Working Papers 91-183, University of California at Berkeley.
    Published as:

    Cited by:

    1. Martimort, D. & Sand-Zantman, W., 2004. "Signaling and the Design of Delegated Management for Public Utilities," Cahiers du LASER (LASER Working Papers) 2004.11, LASER (Laboratoire de Science Economique de Richter), Faculty of Economics, University of Montpellier 1. [Downloadable!]
    2. Andrew F. Daughety & Jennifer F. Reinganum, 2006. "Hidden Talents: Partnerships with Pareto-Improving Private Information," Working Papers 0613, Department of Economics, Vanderbilt University. [Downloadable!]

  16. Benjamin Hermalin., 1991. "Managerial Preferences Concerning Risky Projects," Economics Working Papers 91-168, University of California at Berkeley.
    Published as:

    Cited by:

    1. Benjamin Hermalin & Michael Katz, 2000. "Corporate Diversification and Agency," Research Program in Finance, Working Paper Series 1004, Research Program in Finance, Institute for Business and Economic Research, UC Berkeley. [Downloadable!]
      Other versions:
    2. Antoine Renucci & Frédéric Loss, 2004. "When Promotions Induce Good Managers to Be Lazy," Econometric Society 2004 North American Winter Meetings 263, Econometric Society. [Downloadable!]

  17. Hermalin, B.E. & Weisbech, M.S., 1991. "The Effects of Board Composition and Direct Incentives on Firm Performance," Papers 91-02, Rochester, Business - Financial Research and Policy Studies.
    Published as:

    Cited by:

    1. Hans van Ees & Theo J.B.M. Postma & Elmer Sterken, 2003. "Board Characteristics and Corporate Performance in the Netherlands," Eastern Economic Journal, Palgrave Macmillan Journals, vol. 29(1), pages 41-58, Winter. [Downloadable!] (restricted)
      Other versions:
    2. Raquel Ortega-Argilés & Rosina Moreno & Jordi Caralt, 2005. "Ownership structure and innovation: is there a real link?," The Annals of Regional Science, Springer, vol. 39(4), pages 637-662, December. [Downloadable!] (restricted)
      Other versions:
    3. Saibal Ghosh, 2006. "Do board characteristics affect corporate performance? Firm-level evidence for India," Applied Economics Letters, Taylor and Francis Journals, vol. 13(7), pages 435-443, June. [Downloadable!] (restricted)
    4. Ana I. Fernández & Silvia Gómez-Ansón & Carlos Fernández-Ansón, 1998. "El papel supervisor del consejo de administración sobre la actuación gerencial. Evidencia para el caso español," Investigaciones Economicas, Fundación SEPI, vol. 22(3), pages 501-516, September. [Downloadable!]
    5. Georges Dionne & Thouraya Triki, 2005. "Risk Management and Corporate Governance: the Importance of Independence and Financial Knowledge for the Board and the Audit Committee," Cahiers de recherche 0515, CIRPEE. [Downloadable!]
    6. Yin-Hua Yeh & Tracie Woidtke, 2004. "Commitment or Entrenchment?: Controlling Shareholders and Board Composition," CEI Working Paper Series 2004-8, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    7. John M. Griffith, 1999. "CEO ownership and firm value," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 20(1), pages 1-8.
    8. Irena Grosfeld, 2006. "Ownership concentration and firm performance: Evidence from an emerging market," PSE Working Papers 2006-18, PSE (Ecole normale supérieure). [Downloadable!]
    9. Carretta, Alessandro & Farina, Vincenzo & Schwizer, Paola, 2006. "Evaluating the board of directors of financial intermediaries: competencies, effectiveness and performance," MPRA Paper 8299, University Library of Munich, Germany. [Downloadable!]
    10. Julian Franks & Colin Mayer, 2002. "Governance as a source of managerial discipline," Research series 200205-12, National Bank of Belgium. [Downloadable!]
    11. Enrichetta Ravina & Paola Sapienza, 2006. "What Do Independent Directors Know? Evidence from Their Trading," NBER Working Papers 12765, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    12. Mersland, Roy & Strøm, Reidar Øystein, 2007. "Performance and corporate governance in microfinance institutions," MPRA Paper 3887, University Library of Munich, Germany. [Downloadable!]
    13. Benjamin E. Hermalin & Michael S. Weisbach, 2001. "Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature," NBER Working Papers 8161, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    14. Gary Gorton & Bruce D. Grundy, 1996. "Executive Compensation and the Optimality of Managerial Entrenchment," NBER Working Papers 5779, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    15. Mersland, Roy & Strøm, Reidar Øystein, 2007. "Performance and corporate governance in microfinance institutions," MPRA Paper 3888, University Library of Munich, Germany. [Downloadable!]
    16. Irena Grosfeld, 2006. "Ownership concentration & firm performance: Evidence from an emerging market," William Davidson Institute Working Papers Series wp834, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    17. Kwangwoo Park, 2002. "Foreign Ownership and Firm Value in Japan," CEI Working Paper Series 2002-15, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    18. Pablo de Andres Alonso & Eleuterio Vallelado Gonzalez, 2006. "Corporate governance in banking: The role of Board of Directors," Working Papers 200604, Department of Business Economics, Universitat Autonoma de Barcelona. [Downloadable!]
    19. Hsu-Huei Huang & Paochung Hsu & Haider A. Khan & Yun-Lin Yu, 2006. "Does the Appointment of the Outside Director Increase Firm Value? The Evidence from Taiwan," CIRJE F-Series CIRJE-F-427, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
    20. Yoshiro Miwa & J. Mark Ramseyer, 2001. "Does Ownership Matter? Evidence from the Zaibatsu Dissolution Program," CIRJE F-Series CIRJE-F-105, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
      Other versions:
    21. Attiya Y. Javed & Robina Iqbal, 2007. "The Relationship between Corporate Governance Indicators and Firm Value: A Case Study of Karachi Stock Exchange," PIDE-Working Papers 2007:14, Pakistan Institute of Development Economics. [Downloadable!]
    22. Habib, Michel Antoine & Ljungqvist, Alexander P, 2000. "Firm Value and Managerial Incentives: A Stochastic Frontier Approach," CEPR Discussion Papers 2564, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    23. Robert Grams, . "Behavioral and Performance Consequences of U.S. Executive Equity Compensation and Ownership," Working Papers 0803, Industrial Relations Center, University of Minnesota (Twin Cities Campus). [Downloadable!]
    24. Rüdiger Fahlenbrach & René M. Stulz, 2007. "Managerial Ownership Dynamics and Firm Value," NBER Working Papers 13202, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    25. Luc Renneboog & Julian Franks & Colin Mayer, 1999. "Who Disciplines Management in Poorly Performing Companies?," OFRC Working Papers Series 1999fe01, Oxford Financial Research Centre. [Downloadable!]
      Other versions:
    26. Kenneth Lehn & Sukesh Patro & Mengxin Zhao, 2007. "Determinants of the Size and Structure of Corporate Boards: 1935-2000," CEI Working Paper Series 2008-13, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    27. Stephen Choi, 2000. "Proxy Issue Proposals: Impact of the 1992 Proxy SEC Proxy Reforms," Berkeley Olin Program in Law & Economics, Working Paper Series 1005, Berkeley Olin Program in Law & Economics. [Downloadable!]
    28. Rudiger Fahlenbrach & Rene M. Stulz, 2008. "Managerial Ownership Dynamics and Firm Value," CEI Working Paper Series 2008-1, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    29. Leslie Eldenburg & Benjamin E. Hermalin & Michael S. Weisbach & Marta Wosinska, 2001. "Hospital Governance, Performance Objectives, and Organizational Form," NBER Working Papers 8201, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    30. Charles P. Himmelberg & R. Glenn Hubbard & Darius Palia, 2000. "Understanding the Determinants of Managerial Ownership and the Link Between Ownership and Performance," NBER Working Papers 7209, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    31. Javed, Attiya Y. & Iqbal, Robina, 2007. "Relationship between Corporate Governance Indicators and Firm Value: A Case Study of Karachi Stock Exchange," MPRA Paper 2225, University Library of Munich, Germany. [Downloadable!]
    32. Manuel Ammann & Markus Leuenberger & Heinrich von Wyss, 2005. "Eigenschaften von Verwaltungsräten und Unternehmensperformance," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 141(I), pages 1-22, March. [Downloadable!]
    33. Mayur, Manas & Kumar, Manoj & Mahakud, Jitendra, 2007. "Relationship between the Changes in Ownership and Performance of Indian Firms around IPO: A Panel Data Analysis," MPRA Paper 6192, University Library of Munich, Germany. [Downloadable!]
    34. Franks, J. & Mayer, C. & Renneboog, L.D.R., 1998. "Who disciplines bad management?," Discussion Paper 130, Tilburg University, Center for Economic Research. [Downloadable!]
    35. William O. Brown, Jr. & Michael T. Maloney, . "Exit, Voice, and the Role of Corporate Directors: Evidence from Acquisition Performance," Claremont Colleges Working Papers 1999-27, Claremont Colleges. [Downloadable!]
    36. Chrisostomos Florackis & Aydin Ozkan, 2006. "What Reduces the Impact of Managerial Entrenchment on Agency Costs? Evidence for UK Firms," Discussion Papers 06/03, Department of Economics, University of York. [Downloadable!]
    37. Oxelheim, Lars & Randøy, Trond, 2001. "The Impact of Foreign Board Membership on Firm Value," Working Paper Series 567, Research Institute of Industrial Economics. [Downloadable!]
    38. Del Brio, Esther B. & Maia-Ramires, Elida, 2005. "Corporate Governance Mechanisms and Their Impact on Managerial Value," Documentos de Trabajo "Nuevas Tendencias en Dirección de Empresas". Working Papers "New Trends on Business Administration". 2005-09, Interuniversitary Doctorate Program "New Trends on Business Administration", Universities of Valladolid, Burgos and Salamanca (Spain). Programa de Doctorado Interuniversitario "Nuevas Tendencias en Di. [Downloadable!]

  18. Benjamin E. Hermalin., 1991. "The Effects of Competition on Executive Behavior," Economics Working Papers 91-182, University of California at Berkeley.
    Published as:

    Cited by:

    1. Cuñat, Vicente & Guadalupe, Maria, 2006. "Globalization and the Provision of Incentives Inside the Firm," CEPR Discussion Papers 5950, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    2. Alexandra Groß-Schuler & Jürgen Weigand, 2001. "Sunk Costs, Managerial Incentives and Firm Productivity," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 70(2), pages 275-287. [Downloadable!] (restricted)
    3. Walter A Cont, 2001. "Essays on Contract Design: Delegation and Agency Problems, and Monitoring Under Collusion," Levine's Working Paper Archive 625018000000000122, UCLA Department of Economics. [Downloadable!]
    4. Köke, Jens F., 1999. "Institutional investment in Central and Eastern Europe : investment criteria of Western portfolio managers," ZEW Discussion Papers 99-37, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
    5. Stennek, Johan, 1997. "Competition Reduces X-Inefficiency - A note on a Limited Liability Mechanism," Seminar Papers 599, Stockholm University, Institute for International Economic Studies. [Downloadable!]
      Other versions:
    6. Patricia Funk & Gabrielle Wanzenried, 2003. "Product Market Competition and Executive Compensation: An Empirical Investigation," Diskussionsschriften dp0309, Universitaet Bern, Departement Volkswirtschaft. [Downloadable!]
    7. Stefan Beiner & Markus Schmid & Gabrielle Wanzenried, 2004. "Product Market Competition, Managerial Inventives, and Firm Valuation," Diskussionsschriften dp0412, Universitaet Bern, Departement Volkswirtschaft. [Downloadable!]
    8. Kerschbamer, Rudolf & Tournas, Yanni, 2000. "In-House Competition, Organizational Slack and the Business Cycle," CEPR Discussion Papers 2557, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    9. Benjamin E. Hermalin & Michael S. Weisbach, 2007. "Transparency and Corporate Governance," NBER Working Papers 12875, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    10. Erixon, Lennart, 2001. "Transformation Pressure and Growth - a Missing Link in Macroeconomics," Research Papers in Economics 2001:3, Stockholm University, Department of Economics. [Downloadable!]
    11. Marcello D'Amato & Riccardo Martina & Salvatore Piccolo, 2005. "Endogenous Managerial Contract," CSEF Working Papers 148, Centre for Studies in Economics and Finance (CSEF), University of Salerno, Italy, revised 01 Jul 2006. [Downloadable!]
    12. Börsch-Supan, Axel & Köke, Jens, 2000. "An applied econometricians' view of empirical corporate governance studies," ZEW Discussion Papers 00-17, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
    13. Muendler, Marc Andreas, 2004. "Trade, Technology, and Productivity: A Study of Brazilian Manufacturers, 1986-1998," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
      Other versions:
    14. Marc-Andreas Muendler, 2004. "Estimating Production Functions When Productivity Change Is Endogenous," University of California at San Diego, Economics Working Paper Series 2004-05, Department of Economics, UC San Diego. [Downloadable!]
      Other versions:
    15. Maria Guadalupe & Francisco Perez-Gonzalez, 2006. "The Impact of Product Market Competition on Private Benefits of Control," Hi-Stat Discussion Paper Series d05-159, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    16. Vicente Cuñat & Maria Guadalupe, 2006. "Globalization and the Provision of Incentives Inside the Firm: The Effect of Foreign Competition," IZA Discussion Papers 2408, Institute for the Study of Labor (IZA). [Downloadable!]
    17. Erixon, Lennart, 1998. "The Theory of Transformation Pressure - a New Perspective on Growth and Economic Policy," Research Papers in Economics 1998:3, Stockholm University, Department of Economics. [Downloadable!]
    18. Marcel Boyer & Jean-Jacques Laffont, 2000. "Competition and the Reform of Incentive Schemes in the Regulated Sector," CIRANO Working Papers 2000s-58, CIRANO. [Downloadable!]
      Other versions:
    19. Januszewski, Silke I. & Köke, F. Jens & Winter, Joachim K., 1999. "Product market competition, corporate governance and firm performance : an empirical analysis for Germany," ZEW Discussion Papers 99-63, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
      Other versions:
    20. Michael Raith, 2003. "Competition, Risk, and Managerial Incentives," American Economic Review, American Economic Association, vol. 93(4), pages 1425-1436, September. [Downloadable!] (restricted)
    21. Giroud, Xavier & Mueller, Holger M, 2007. "Does Corporate Governance Matter in Competitive Industries?," CEPR Discussion Papers 6446, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    22. Cuñat, Vicente & Guadalupe, Maria, 2004. "Executive Compensation and Competition in the Banking and Financial Sectors," IZA Discussion Papers 1123, Institute for the Study of Labor (IZA). [Downloadable!]
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    23. Eslyn L. Jean-Baptiste & Michael H. Riordan, 2003. "Capital markets constrain industry scale," Discussion Papers 0304-05, Columbia University, Department of Economics. [Downloadable!]
    24. Rajesh Aggarwal & Andrew A. Samwick, 1996. "Executive Compensation, Strategic Competition, and Relative Performance Evaluation: Theory and Evidence," NBER Working Papers 5648, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    25. Boone, J., 2000. "Competition," Discussion Paper 104, Tilburg University, Center for Economic Research. [Downloadable!]
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    26. Roland Kirstein & Annette Kirstein, 2007. "Inefficient Intra-Firm Incentives Can Stabilize Cartels in Cournot Oligopolies," FEMM Working Papers 07004, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management. [Downloadable!]
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    27. AGHION, Philippe & DEWATRIPONT, Mathias & REY, Patrick, 1997. "Agency Costs, Firm Behavior and the Nature of Competition," IDEI Working Papers 77, Institut d'Économie Industrielle (IDEI), Toulouse, revised 2000. [Downloadable!]
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  19. Benjamin Hermalin., 1990. "Adverse Selection, Short-Term Contracting, and the Underprovision of On-the-Job Training," Economics Working Papers 90-139, University of California at Berkeley.
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    1. TIROLE, Jean, 2008. "Cognition and Incomplete Contracts," IDEI Working Papers 453, Institut d'Économie Industrielle (IDEI), Toulouse. [Downloadable!]
    2. Antonio Nicolo' & Piero Tedeschi, 2004. "Missing Contracts: On the Rationality of not Signing a Prenuptial Agreement," Game Theory and Information 0406001, EconWPA. [Downloadable!]
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    3. James Malcomson & James W. Maw & Barry McCormick, 2002. "General Training by Firms, Apprentice Contracts, and Public Policy," Economics Series Working Papers 086, University of Oxford, Department of Economics. [Downloadable!]
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