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Should Directors Reduce Executive Pay?
(Hastings Law Journal, 2003)
This paper examines internal pay disparities in American public corporations and argues that wide gaps between the top and bottom of the pay scale can, in certain circumstances, directly and adversely affect firm value, ...
SEC Enforcement Heuristics: An Empirical Inquiry
(Duke Law Journal, 2003)
This Article examines the overlap between SEC securities enforcement actions and private securities fraud class actions. We begin with an overview of data concerning all SEC enforcement actions from 1997 to 2002. We find ...