Various monitoring and incentive mechanisms interact within the context of organizations to encourage management to maximise the value of their firm. Within the context of this paper I explore the interaction between insider ownership, financial analyst coverage and corporate value. I propose that any relationship between these variables is endogenous. However, due to managerial entrenchment an...

The behavioral theory of corporate governance is employed to investigate the relationship between managerial entrenchment and social responsibility (CSR) engagement. Effective argued reduce entrenchment, thereby increasing CSR role economic policy uncertainty (EPU) investigated as a moderating variable in this relationship, such that high levels EPU will increase impact on These arguments are s...

Unlike conventional wisdom, I find more constrained firms have significantly higher innovative efficiency (IE) measured by patent citations (or counts) per dollar of R&D (research and development). This constraints-IE relation is robust to measures of financial constraints, measures of IE, and different sets of control variables. Furthermore, this effect exists only among firms with strong mana...

The rationale for issuing poison pill securities remains unclear, despite the findings of a large body of prior research that these defenses adversely affect shareholder wealth. This paper investigates the hypothesis that the adoption of such defenses may reflect shareholders’ desire to contract efficiently with their managers in an environment characterized by hostile takeovers and uncertainty...

Employee matching grant schemes are coordination mechanisms that reduce free-riding by socially-conscious employee-donors. Their prevalence demonstrates that socially-responsible firms can survive market competition. When socially-conscious employees are more productive or value working together, matching schemes can enhance employee welfare and raise more for charities without reducing investo...

The present study investigates the relationship between management characteristics (managerial entrenchment, CEO narcissism, overconfidence, board effort, real and accrual-based earnings management) audit report readability of listed firms. In other words, this paper seeks to answer question “whether can have a favourable effect on or not.” multivariate regression model is used for study. Resea...