Concept
Actionnaire
Publications associées (7)
Empirical Evidence on the Effectiveness of Shareholder Democracy
This thesis is composed of two essays that study the effectiveness of shareholder democracy.
In the first essay, I analyze the firm value implications of shareholder-initiated proposals. I show that managerial resistance precludes half of shareholder-init ...
EPFL2021Essays in Bank Financing
This thesis examines the optimal mode of financing for banks and financial institutions. The first chapter, which is a joint work with Prof. Jean-Charles Rochet, investigates how Systemically Important Financial Institutions (SIFIs) should be financed. The ...
EPFL2017Shareholder Rights, Boards, and CEO Compensation
I analyze the role of executive compensation in corporate governance. As proxies for corporate governance, I use board size, board independence, CEO-chair duality, institutional ownership concentration, CEO tenure, and an index of shareholder rights. The r ...
2008Capital Structure, Investment, and Private Benefits of Control
The recent law and finance literature following Shleifer and Vishny (1997) and La Porta, Lopez-de Silanes, and Shleifer (1998) argues that the expropriation of minority shareholders by controlling shareholders is at the core of agency conflicts in most cou ...
2004