The Emergence of Corporate Governance from Wall St. to Main St.: Outside Directors, Board Diversity, Earnings Management, and Managerial Incentives to Bear Risk

Recent corporate events have brought a heightened public awareness to corporate governance issues. Much work has been accomplished to date, but it is clear that much more remains to be done. This paper provides a review of empirical research in four relevant areas of corporate governance. Specifical...

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Veröffentlicht in:	The Financial review (Buffalo, N.Y.) N.Y.), 2003-02, Vol.38 (1), p.1-24
Hauptverfasser:	Fields, M. Andrew, Keys, Phyllis Y.
Format:	Artikel
Sprache:	eng
Schlagworte:	Boards of directors Corporate governance diversity Earnings earnings management Incentives managerial incentives Outside directors Risk management Scandals Studies
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description	Recent corporate events have brought a heightened public awareness to corporate governance issues. Much work has been accomplished to date, but it is clear that much more remains to be done. This paper provides a review of empirical research in four relevant areas of corporate governance. Specifically, the paper provides an overview of (a) the role that outside directors play in monitoring managers, (b) the emerging literature on the impact of board diversity, (c) the existence of and incentives for corporate executives to manage firm earnings, and (d) managerial incentives to bear risk.
doi_str_mv	10.1111/1540-6288.00032
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source	Wiley Journals; Business Source Complete
subjects	Boards of directors Corporate governance diversity Earnings earnings management Incentives managerial incentives Outside directors Risk management Scandals Studies
title	The Emergence of Corporate Governance from Wall St. to Main St.: Outside Directors, Board Diversity, Earnings Management, and Managerial Incentives to Bear Risk
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