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Explaining The International CEO Pay Gap: Board Capture Or Market Driven?
(Vanderbilt Law Review, 2004)
If we look at convergence through the lens of the Risk Adjustment Theory, then international pay convergence will only occur if U.S. and foreign CEOs' firm-specific risk levels converge. Empirically, this is a difficult ...
The New Look of Shareholder Litigation: Acquisition-Oriented Class Actions
(Vanderbilt Law Review, 2004)
Shareholder litigation is the most frequently maligned legal check on managerial misconduct within corporations. Derivative lawsuits and federal securities class actions are portrayed as slackers in debates over how best ...
The Globalization (Americanization?) of Executive Pay
(Berkeley Business Law Journal, 2004)
In the United States, the remuneration packages of top executives are characterized by a strong emphasis on pay-for-performance and by a highly lucrative "upside." There is much discussion of the possibility that executive ...
The Increasing Role of Empirical Research in Corporate Law Scholarship
(The Georgetown Law Journal, 2004)
This is a review of Professor Mark Roe's book, The Political Determinants of Corporate Governance. It seeks to accomplish two goals. First, in Part I, it summarizes the theoretical arguments made in Political Determinants ...