This paper reviews the theoretical and empirical literature on executive compensation. We
start by presenting data on the level of CEO and other top executive pay over time and …

This paper reviews recent research on corporate governance, with a special focus on
emerging markets. It finds that better corporate governance benefit firms through greater …

“Blockchains will matter crucially; this book, beautifully and clearly written for a wide
audience, powerfully demonstrates how.”—Lawrence Lessig “Attempts to do for blockchain …

We collect data on the size distribution of US businesses for 100 years, and use these data
to estimate the concentration of production (eg, asset share or sales share of top …

In empirical corporate finance, firm size is commonly used as an important, fundamental firm
characteristic. However, no research comprehensively assesses the sensitivity of empirical …

In this study, I summarize the current state of executive compensation, discuss measurement
and incentive issues, document recent trends in executive pay in both US and international …

Private equity firms have long been at the center of public debates on the impact of the
financial sector on Main Street companies. Are these firms financial innovators that save …

It's time to rewrite the rules—to curb the runaway flow of wealth to the top one percent, to
restore security and opportunity for the middle class, and to foster stronger growth rooted in …

Shareholder rights vary across firms. Using the incidence of 24 governance rules, we
construct a “Governance Index” to proxy for the level of shareholder rights at about 1500 …

At present, the resource-based view of the firm is perhaps the most influential framework for
understanding strategic management. In this editor's introduction, we briefly describe the …