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Bottom-Up Corporate Governance

Authors: Landier, Augustin
Sraer, David
Thesmar§, David
Issue Date: 11-Mar-2005
Series/Report no.: FIN-05-011
Abstract: In many instances, ”independently minded” top ranking executives can impose strong 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 of good corporate governance.
Appears in Collections:Finance Working Papers

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