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- Publications
- Influence
Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders
- A. Agrawal, C. R. Knoeber
- Economics
- 17 June 1996
This paper examines the use of seven mechanisms to control agency problems between managers and shareholders. These mechanisms are: shareholdings of insiders, institutions, and large blockholders;… Expand
Do Some Outside Directors Play a Political Role?*
- A. Agrawal, C. R. Knoeber
- Economics, Political Science
- The Journal of Law and Economics
- 1 April 2001
If outside directors with backgrounds in politics and in law play a political role, they will be more important on the boards of firms for which politics matters more. We conduct three tests. First,… Expand
Firm Performance and Mechanisms to Control Agency Problems between Managers and
- A. Agrawal, C. R. Knoeber
- Business
- 1996
This paper examines the use of seven mechanisms to control agency problems between man? agers and shareholders. These mechanisms are: shareholdings of insiders, institutions, and large blockholders;… Expand
- 151
- 40
Golden Parachutes, Shark Repellents, and Hostile Tender Offers
- C. R. Knoeber
- Economics
- 1986
A common view of golden parachutes and shark repellents is that they are designed by management to insulate itself from the discipline imposed by the market for corporate control and so are harmful… Expand
- 216
- 13
Testing the Theory of Tournaments: An Empirical Analysis of Broiler Production
- C. R. Knoeber, W. Thurman
- Economics
- Journal of Labor Economics
- 1 April 1994
Broiler chickens are raised by contract growers whose rewards depend explicitly upon relative performance. We use data on the performance of broiler producers facing both tournament and linear… Expand
Managerial compensation and the threat of takeover
- A. Agrawal, C. R. Knoeber
- Business
- 15 February 1998
A greater threat of takeover has two opposing effects on managerial compensation. The competition effect in the market for managers reduces compensation. The risk effect increases compensation by… Expand
A Real Game of Chicken: Contracts, Tournaments, and the Production of Broilers
- C. R. Knoeber
- Business
- 1 October 1989
Understanding Retained Patronage Refunds in Agricultural Cooperatives
- C. R. Knoeber, D. L. Baumer
- Economics
- 1 February 1983
The share of patronage refunds retained by an agricultural cooperative is modeled as arising from the portfolio decision of its median member. The member is viewed as maximizing expected utility by… Expand
Outside Directors, Politics, and Firm Performance
- A. Agrawal, C. R. Knoeber
- Economics
- 1 April 1998
A substantial number of outside directors have experience in non-business arenas, especially in government and in the private practice of law. Moreover, for most of these directors, the entirety of… Expand
Explaining State Bans on Corporate Farming
- C. R. Knoeber
- Economics
- 1997
State laws banning corporate farming present a puzzle for a rent-seeking explanation of political outcomes since family farmer proponents may receive no direct benefit from these bans. An… Expand