Social and Behavioral Sciences Commons^™

Three Essays On The Economics Of Corporate Governance, Kuochih Huang

Doctoral Dissertations

The Great Recession and the revival attention on inequality have cast doubts on various aspects of the governance of Corporate America. Not only the specific design of corporate governance institutions, but also the very purpose of the firm have became hotly debated issues. The first essay investigates the effect of the CEO's equity-based pay on workers' wages and whether the effect is amplified by product market competition. Since the 1980s, Chief Executive Officers' (CEO) pay has exploded, largely in the form of equity-based incentive compensation such as stock awards and options. Using a two-tiered principal-agent model, we show that aligning …

Governing Knowledge Commons, Charlie Schweik

Sustainability Education Resources

Over the last decade or more, there has been a detectable and growing dissatisfaction among students with the "status quo" in the way the society works. Students have witnessed terrorism, long-term war, a "great recession," the "Occupy" movement, effects of climate change and worse projections to come, and most recently, a global pandemic with a great impact on the economy. Many students are looking for models of hope and alternatives to the status quo on how society at local, regional and global levels might operate to collectively address problems.

In this course, we will review historical and contemporary commons cases. …