Executive compensation, management turnover, and firm performance: An empirical investigation

TL;DR: In this article, the authors examined the impact of privatization on wages and job satisfaction in selected urban-based enterprises in Ghana and found no direct relationship between privatization and overall job satisfaction.

TL;DR: This integrative literature review examines the interplay between agency theory, corporate governance, and corruption, revealing a deepening agency crisis and corruption resulting from concentrated ownership, and highlighting the need for further research on core areas.

TL;DR: In this article, the authors build a corporate governance practices index for publicly listed companies in this country; the overall results indicate that Venezuela exhibits relatively low corporate governance scores, and they are able to find a positive relation between this corporate governance index and its sub-components and alternative measures of value (Tobin`s q, price-to-book ratio, and dividend payout).

TL;DR: In this paper, the authors estimate a standard principal agent model with constant relative risk aversion and lognormal stock prices for a sample of 598 US CEOs and show that the model predicts contracts that would reduce average compensation costs by 20% while providing the same incentives and the same utility.

TL;DR: Weidenbaum and Jensen as mentioned in this paper reviewed the impact of developments not fully anticipated by Berle and Means, such as the rise of the service sector, and the significant role played by institutional investors in the owner/manager equation.

TL;DR: A review of the scientific literature on the market for corporate control can be found in this paper, where the authors argue that corporate control is best viewed as an arena in which managerial teams compete for the rights to manage corporate resources.

TL;DR: The authors analyzes compensation schemes which pay according to an individual's ordinal rank in an organization rather than his output level and shows that wages based upon rank induce the same efficient allocation of resources as an incentive reward scheme based on individual output levels.

TL;DR: In this article, observed stock return data are employed to examine various methodologies which are used 111 event studies to measure security price performance, and abnormal performance is introduced into this data and misuse of any of the methodologies can result in false inferences about the presence of abnormal performance.