Board E ¢ ciency and Internal Control Mechanism

Abstract

We analyze the interactions between internal and external control mechanisms in a framework in which the board selects the CEO and then decides whether to retain or dismiss him after observing a signal regarding his ability. The novel aspect of our paper is that we consider both the hiring and the ...ring of the CEO by the board. The type of board is de… (More)

Topics

  • Presentations referencing similar topics