How Independent Directors Bridge the Information Gap

When a company’s board has a higher proportion of independent directors, the company behaves in a more transparent way. But which is the cause, and which is the effect? Wharton[…]

Using Incentives to Calibrate a CEO’s ‘Risk Appetite’

Recent Wharton research examines managers' motives for misreporting financial data, and how incentives can impact what kind of risks they are willing to take.

Research Roundup: Online Product Reviews, Happiness and Choice, CEO Stock Options and the Hunger for Distinctiveness

Online product reviews have become ubiquitous -- but does the text of these critiques tell a story that a star system can't? How does a consumer's definition of happiness affect[…]

Executive Compensation: More Regulation, or Just More Transparency?

The question of whether CEOs of America's major companies are overpaid has been a subject of interest for many years. Are the compensation practices for these elite men and women[…]

Outrage over Outsized Executive Compensation: Who Should Fix It and How?

The contrast is jarring. As thousands of Americans lose their jobs, headlines are focused on excessive executive compensation and lavish perks, including multi-million-dollar bonuses, a $1.2 million executive suite renovation[…]

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