Managers, Workers and Corporate Control

By M. Pagano, Paolo F. Volpin. 2005

532 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Public Administration, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/952b3f32c02ba97c390952bc12b17e739d1545c9

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Public Administration

In Strategy and Management

Citations in the corpus

Corporate Governance and CSR Nexus (2011, result): “Similar to Pagano and Volpin (2005) model of collusion between top managers and workers against takeover threats, the strategic-choice hypothesis predicts that the higher the managerial entrenchment, the greater the propensity for the firm’s engagement in CSR to receive support from social and envir”
Managerial Entrenchment and Corporate Social Performance (2008, background): “For example, generous long-term stakeholder concessions hinder the raider’s ability to generate profit (Pagano and Volpin, 2005).”
One Share, One Vote: The Empirical Evidence (2007, unknown): “Conversely, what is a cost for the individual shareholder, e.g. management entrenchment, may benefit other stakeholders, such as workers (e.g. Bertrand and Mullainathan 2003; Pagano and Volpin 2005).1 1 This list is not exhaustive.”
ALFRED MARSHALL LECTURE SHAREHOLDER PROTECTION, STOCK MARKET DEVELOPMENT, AND POLITICS (2006, unknown): “We try to control for this problem by instrumenting shareholder protection with Proportionality, in accordance with Pagano and Volpin (2005b), and the lagged value of Shareholder Protection.”
Public Sentiment and the Price of Corporate Sustainability (2020, unknown): “Theoretical models show how managers can buy employee support by adopting more employee-friendly workplace practices to avoid replacement (Cespa and Cestone 2007) or takeovers (Pagano and Volpin 2005).”
Own company stock in defined contribution pension plans: A takeover defense? ☆ (2006, background): “There are many circumstances in which management and workers emerge as allies against hostile takeovers (see Stulz, 1988; Pagano and Volpin, 2005).”
Comparative and International Corporate Governance (2010, background): “As an elaboration of stakeholder theory, Aoki and Jackson (2008) have examined a wider context of linkages between corporate governance and different forms of human D o w n l o a d e d B y : [ F r i e d r i c h A l t h o f f K o n s o r t i u m ] A t : 1 5 : 0 2 6 J u l y 2 0 1 0 500 • The Academy o”
Do Nonfinancial Stakeholders Affect the Pricing of Risky Debt? Evidence from Unionized Workers (2012, unknown): “Furthermore, the interaction between different types of stakeholders in the political arena may shape country-level corporate governance systems (e.g., Pagano and Volpin, 2005a; Perotti and von Thadden, 2006).”
Broad-Based Employee Stock Ownership: Motives and Outcomes: Broad-Based Employee Stock Ownership (2014, unknown): “D. Worker-Management Alliance Pagano and Volpin (2005) develop a theoretical model showing employee control rights through share ownership can give rise to a worker-management alliance, whereby management bribes employees with above-market wages to garner their support in voting against a hostile ta”
ESG performance and market value: the moderating role of employee board representation (2019, background): “In such cases, a close alliance between managers and employees against shareholders can be identified (Pagano & Volpin, 2005).”
Corporate Social Responsibility and Stakeholder Value Maximization: Evidence from Mergers (2013, unknown): “shareholders (Vance, 1975; Friedman, 1970, 1998; Pagano and Volpin, 2005; Surroca and Tribo, 2008; Cronqvist et al., 2009).”