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) - Sloan School of Management; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

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) - Sloan School of Management ( email )

100 Main Street
Cambridge, MA 02142
United States

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

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