Bottom-Up Corporate Governance

37 Pages Posted: 3 Nov 2008

See all articles by Augustin Landier

Augustin Landier

HEC

David Thesmar

Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)

Multiple version iconThere are 3 versions of this paper

Date Written: March 2005

Abstract

In many instances, �independently minded� top ranking executives can imposestrong discipline on their CEO, even though they are formally under his authority.This paper argues that the use of such a disciplining mechanism is a key feature ofgood corporate governance.

Suggested Citation

Landier, Augustin and Thesmar, David, Bottom-Up Corporate Governance (March 2005). NYU Working Paper No. FIN-05-011. Available at SSRN: https://ssrn.com/abstract=1294147

David Thesmar

Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA) ( email )

77 Massachusetts Avenue
Cambridge, MA 02139-4307
United States
16172259767 (Phone)

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