G38 - Government Policy and Regulation
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The Effect of the Sarbanes-Oxley Act on CEO Pay for Luck
According to the rent-extraction hypothesis, weak corporate governance allows entrenched CEOs to capture the pay-setting process and benefit from events outside of their control – get paid for luck. -
An Examination of Canadian Firms Delisting from U.S. Exchanges
This paper examines Canadian and other foreign firms that have been involuntarily delisted from major U.S. exchanges. I find that, for most countries, less than 10% of firms get delisted from a U.S. exchange during my sample period.