... will price protect, insiders should have an incentive to bond themselves to good corporate governance in order to mitigate minority shareholders' adverse selection ( Jensen and Meckling 1976 ). However, in reality, many listed firms in weak investor protection countries do not adopt good corporate governance...

... 7 2012 2013 compensation option backdating executive turnover corporate governance managerial labor market Allegations of option backdating have been directed at numerous well-known public companies, including Microsoft, Apple...

... of this manuscript. Editor's note: Accepted by Mark Trombley. 11 2010 6 2012 2013 clawback provisions corporate governance executive compensation financial restatements The financial scandals at Enron, WorldCom, and MCI, among others...