Ivan Marinovic , Paul Povel Jul 08,201823
We study the effects of introducing competition for CEOs, assuming that the talent of CEOs is not observable and... Read More
Published: Journal of Accounting and Economics, 2017, 64(1), 1-14Nadya Malenko , Andrey Malenko Dec 13,2016
Proxy advisors play an important role by providing investors with research and recommendations on how to vote their shares. This... Read More
Anton Tsoy , Andrey Malenko Dec 13,2016
In many cases, buyers are not fully informed about their valuations and rely on the advice of biased experts. For... Read More
Günter Strobl , Simon Gervais Dec 13,2016
We construct and analyze the equilibrium of a model of delegated portfolio management in which money managers signal their investment... Read More
Patrick Bolton , Martin Oehmke Dec 14,2016
A theory framework to assess how global, too-big-to-fail banks can be successfully resolved by national regulators. Read More
Anton Tsoy Dec 28,2016
This paper studies frequent-offer limits of perfect Bayesian equilibria in the alternating-offer bilateral bargaining model with private correlated values. The... Read More
Hongda Zhong Dec 30,2016
Firms often choose to raise capital from multiple creditors even though doing so may lead to inefficient liquidation caused by... Read More