This paper analyzes the economic rationale for board regulation in place and for introducing
new regulation in the future. We relate the value of the firm to the use of employee directors …

This paper explores how board composition influences the conflict of interest between
principals and agents, the production of information for monitoring and advice, and the …

Both mainstream economics and its critics have focused on models of individual rational
agents even though most important decisions are made by small groups. Little systematic …

This report is part of the The Corporate Governance Program1 at the Norwegian School of
Management. This research program has two overall objectives. The first is to construct a …

RH Coase Duncan Black was a close and dear friend. A man of great simplicity, un worldly,
modest, diffident, with no pretensions, he was devoted to scholarship. In his single-minded …

Investment committees are widespread across asset management firms, private and public
institutional investors or family offices. Poorly designed boards can potentially destroy …

Although private equity is considered a maturing industry, its players have remained tiny
boutiques. We investigate the nature of the drivers and inhibitors of firm growth in the private …

In some managerial contexts, performance is measured by the results of a rare event that is
itself the culmination of a long and ongoing process of daily decision making. In the private …

Private equity firms—buyout as well as venture capital firms—are still not very well
understood (Gompers and Lerner, 2004; Metrick and Yasuda, 2010). In this chapter we …

In this paper, we are trying to analyse if the boardroom diversity in the Lebanese companies
would affect the corporate social performance. In a sample of 41 Lebanese firms, our results …