We find that firms protected by “second generation” state antitakeover laws substantially
reduce their use of debt, and that unprotected firms do the reverse. This result supports recent …

Little evidence exists that firms index executive compensation to remove the influence of
marketwide factors. We argue that executives can, in principle, replicate such indexation in their …

Principal-agent theory suggests that a manager should be paid relative to a benchmark that
removes the effect of market or sector performance on the firm's own performance. Recently, …

It is now customary to view the corporation as nexus of explicit and implicit contracts.
Governance determines how the firm's top decision makers (executives) actually administer such …

A surprisingly large asymmetry between the up and down sea quark distributions in the
nucleon has been observed in recent deep inelastic scattering and Drell-Yan experiments. This …

The Clinton administration's National Performance Review of the federal government (also
called the Reinventing Government Initiative) is the eleventh effort this century to improve the …

Gerald Garvey, a Princeton University professor, was employed by the Federal Energy
Regulatory Commission (FERC) as a consultant during the early and mid-1980s. He has used his …

Recent advances in incentive theory stress the multidimensional nature of agent effort and
specifically cases where workers affect one anothers' performance through “helping” efforts. …

A great dealof work has been done in trying to obtain a formula that will give the masses of
all nuclides in the periodic table. These for-mulas range from the semiempirical type, whiich …

The preponderance of matter over antimatter in the early Universe, the dynamics of the
supernova bursts that produced the heavy elements necessary for life and whether protons …