• Publications
  • Influence
Executive Stock Option Repricing, Internal Governance Mechanisms, and Management Turnover
TLDR
We analyze characteristics of firms that reprice their executive stock options (ESOs). Expand
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Board meetings, committee structure, and firm value
In this study, we examine the determinants of board monitoring activity and its impact on firm value for a broad panel of firms over a six-year period from 1999 to 2005. During this period, CongressExpand
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The Role of Negotiations in Corporate Governance: Evidence From Withdrawn Shareholder-Initiated Proposals
We examine shareholder proposals that are withdrawn by the sponsor during the period 1989 to 1995 to identify factors that affect the relative ability of shareholders and managers to negotiate. WeExpand
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Board monitoring, firm risk, and external regulation
We examine the relationship between board monitoring and firm characteristics using a broad sample of firms over the 8 year period from 1996 to 2003. We find that board independence and monitoring isExpand
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Corporate Governance: Lessons from the Crisis
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An Investigation of the Performance of the U.S. Property-Casualty Insurance Industry
The authors consider the problem of a risk-averse firm with limited liability. The firm has to select the size of its investment in a risky project. We show that the optimal exposure to risk of theExpand
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Does Better Corporate Governance “ Cause ” Better Firm Performance ?
One strand of the literature has found different good governance measures to be positively correlated with firm performance, while assuming governance measures to be exogenous. Using the results ofExpand
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CEO-Director Connections and Corporate Fraud
We study the propensity of firms to commit financial fraud using a sample of SEC enforcement actions from 2000 to 2006. Controlling for year effects, Fama-French 48-industry effects, and several firmExpand
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Adapting Black-Scholes to a non-Black-Scholes environment via genetic programming
TLDR
The authors propose a new methodology that uses genetic programming to approximate the relationship between option price, the terms of the option contract, and properties of the underlying stock price. Expand
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Board Meetings, Committee Structure, and Firm Performance
In this study, we study the relationship between the level of board monitoring activity and firm value for a broad panel of firms over a six-year period from 1999 to 2005. We develop and examineExpand
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