Essays in corporate governance

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Abstract/Contents

Abstract
This thesis studies several topical areas in empirical corporate governance research. In the first chapter, I investigate the impact of hedge fund activism on firm operating performance. This is the first of a planned series of papers exploring how modern governance regimes interact with non-equity outcomes. In the second chapter, I connect the results of recent econometric work on challenges with difference-in-differences designs when the treatment timing is staggered to governance research, demonstrating the source of the bias and how it impacts the results of many published studies. This chapter is coauthored with my advisor David Larcker and Charles Wang of Harvard Business School, and is undergoing revisions at The Journal of Financial Economics. In the third chapter, I apply alternative estimation techniques to a long-running question in corporate governance---whether state antitakeover affect managerial incentives, finding that, contrary to much prior work (but consistent with legal argument), they do not.

Description

Type of resource text
Form electronic resource; remote; computer; online resource
Extent 1 online resource.
Place California
Place [Stanford, California]
Publisher [Stanford University]
Copyright date 2021; ©2021
Publication date 2021; 2021
Issuance monographic
Language English

Creators/Contributors

Author Baker, Andrew
Degree supervisor Larcker, David F
Thesis advisor Larcker, David F
Thesis advisor Gelbach, Jonah B
Thesis advisor Gipper, Brandon
Thesis advisor Seru, Amit
Degree committee member Gelbach, Jonah B
Degree committee member Gipper, Brandon
Degree committee member Seru, Amit
Associated with Stanford University, Graduate School of Business

Subjects

Genre Theses
Genre Text

Bibliographic information

Statement of responsibility Andrew Charles Baker.
Note Submitted to the Graduate School of Businessn.
Thesis Thesis Ph.D. Stanford University 2021.
Location https://purl.stanford.edu/tf102cf9121

Access conditions

Copyright
© 2021 by Andrew Baker
License
This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).

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