We study the impact of the size of a firm’s board of directors on managerial incentives. We present a model where a risk-averse agent (the top management team) performs multiple tasks for a firm that is controlled by multiple principals (the board of directors) who differ in the relative value they place on each task. We show that the agent’s incentives are lower than they would be had the boar...

An ectopic ureterocele is commonly associated with the ectopically inserted ureter of a duplicated collecting system and more common in female fetuses.1Kang A.H. Bruner J.P. Antenatal ultrasonographic development ureteroceles. Implications for management.Fetal Diagn Ther. 1998; 13: 157-161Crossref PubMed Scopus (7) Google Scholar,2Shokeir A.A. Nijman R.J. Ureterocele: an ongoing challenge infan...

We study corporate performance during and after the Great Depression for all industrial firms on the NYSE. Our first goal is to identify the factors that contribute to business insolvency and valuation during the period 1928 to 1938. To this end, we examine factors such as debt policy, credit-worthiness, corporate governance, and investment. Our second goal is to determine whether experiences d...

Much of our understanding of creditor rights is based on the notion that better enforcement of contracts reduces borrowing costs, thereby relaxing financial constraints. But what if these rights are too strong? We empirically investigate this question by examining the effect of a securitization reform that strengthened secured creditors rights on corporate debt structure. Strikingly, we find th...

Despite the promise of Internet surveys, there are significant concerns about the representativeness of the sample and survey instrument effects. This article seeks to address these questions by examining the differences and similarities between parallel Internet and telephone surveys conducted in Quebec after the provincial election in 2007. Our results indicate that the responses obtained in ...