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Bottom-Up Corporate Governance

Augustin Landier

Toulouse School of Economics

David Thesmar

MIT Sloan

March 2005

NYU Working Paper No. FIN-05-011

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.

Number of Pages in PDF File: 37

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Date posted: November 3, 2008  

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

Contact Information

Augustin Landier (Contact Author)
Toulouse School of Economics ( email )
Place Anatole-France
Toulouse Cedex, F-31042
David Thesmar
MIT Sloan ( email )
77 Massachusetts Avenue
Cambridge, MA 02139-4307
United States
16172259767 (Phone)
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References:  29
Citations:  13