• Publications
  • Influence
Independent Director Incentives: Where Do Talented Directors Spend Their Limited Time and Energy?
We study reputation incentives in the director labor market and find that directors with multiple directorships distribute their effort unequally based on the directorship's relative prestige. WhenExpand
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Are All Inside Directors the Same? Evidence from the External Directorship Market.
Agency theory and optimal contracting theory posit opposing roles and shareholder wealth effects for corporate inside directors. We evaluate these competing theories using the labor market forExpand
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CEOs Under Fire: The Effects of Competition from Inside Directors on Forced CEO Turnover and CEO Compensation
This study examines board monitoring when a credible chief executive officer (CEO) replacement is on the board. Inside directors whose talents are in greater demand externally, as reflected by theirExpand
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Tradeoffs between Internal and External Governance: Evidence from Exogenous Regulatory Shocks
type="main"> We use the 2002 NYSE and NASDAQ listing requirements mandating firms have a majority of independent directors on the board as an exogenous shock to examine the interaction betweenExpand
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Internal managerial promotions: Insider incentives and CEO succession
We identify and compare firms that promote a single executive (successor-incentive) and companies that conduct tournaments (tournament-incentive) among inside managers to succeed the CEO.Expand
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Chief Financial Officer Board Membership: Causes and Consequences
I investigate firm financial management when the CFO is given greater authority by being on the board of directors to see if CFO board membership reflects a greater focus on firm financial managementExpand
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Supply and Demand for Independent Director Services: Major Board Decisions and Corporate Outcomes
Extensive research finds that shareholder and CEO preferences affect demand for director services. We find a large body of evidence showing that independent director reputation incentives influenceExpand
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Firm CFO board membership and departures
I investigate firm financial management when the CFO is given greater authority by being on the board of directors to see if CFO board membership reflects a greater focus on firm financial managementExpand
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CEO Selection and Executive Appearance
We use an impartial scientific-based measure of executive facial attractiveness and find that being more attractive increases the likelihood of winning a CEO tournament. Attractiveness is mostExpand
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Planning to ‘remember to forget’?
Abstract Disposal in deep geological formations aims to provide isolation of long-lived radioactive waste for hundreds of thousands of years. This raises the question of the long-term governance ofExpand
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