Advances in Financial Economics (Advances in Financial Economics, 16) - Hardcover

John, Kose

Hardcover

ISBN 10: 1783501200 ISBN 13: 9781783501205

Publisher: Emerald Publishing Limited, 2013

Synopsis

This volume contains a set of empirical papers by a set of global scholars who examine corporate governance and market regulation from a variety of perspectives. Jiang, Kim and Zhang argue that in certain cases an ex post increase in CEO pay can prevent the ex ante problem of managerial underinvestment and thereby help to reduce the agency problems characteristic of modern firms. Akyol and Cohen focus on firms' use of executive search firms versus allowing internal members to nominate new directors to serve on the board of directors. Choi, Ferris, Jayaraman and Sabherwal examine 361 CEO terminations occurring among the Fortune Global 500 firms during the years 2000 to 2006. Cashman, Gillan and Whitby investigate the labor market for corporate directors to better understand which director attributes are relevant for board selection. Baulkaran, Amoako-Adu and Smith analyze the link between the valuation discount of dual class companies and the channels through which private benefits can be extracted. Aggarwal examines ETFs and notes that the additional risks, complexity, and reduced transparency of these funds have attracted heightened attention by regulators.

About this title

About the Author:

Kose John - New York University, USA
Anil Makhija - Iowa State University, Ames, USA
Stephen Ferris - University of Missouri, Columbia, USA

Review:

Seven papers explore a variety of issues in the field of financial economics, unconstrained by any particular theme. Topics include CEO pay increases after large investments as a form of rent extraction; the growth of global exchange traded funds and regulatory challenges; overconfidence, corporate governance, and global CEO turnover; human and social capital in the labor market for directors; dual class discount and the channels of extraction of private benefits; and crisis of investor confidence, corporate governance, and the imbalance of power. Distributed in North America by Turpin Distribution. --Annotation ©2014 Ringgold Inc. Portland, OR (protoview.com)

About this edition

• Publisher: Emerald Publishing Limited
• Publication date: 2013
• ISBN 10: 1783501200
• ISBN 13: 9781783501205
• Binding: Hardcover
• Number of pages: 250