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Do co-opted boards increase insider profitability?
(Elsevier, 2021-06-08)
- article
Using a sample of U.S. firms over the period 1996–2014, this paper examines whether insider trading profitability increases with high board co-option. Indeed, we find that firms with a higher level of co-opted directors ...
Managerial risk-taking incentives and the systemic risk of financial institutions
(Springer Nature, 2018-12-01)
- article
This paper examines whether the systemic risk of financial institutions is associated with the risk-taking incentives generated by executive compensation. We measure managerial risk-taking incentives with the sensitivities ...