Byrd, John; Martin, L. Ann; Rath, Subhrendu - In: International Journal of Managerial Finance 6 (2010) February, pp. 48-57
Purpose – The purpose of this paper is to examine the impact of high-level-executives joining the Board of another US company on the shareholder wealth of the firms in which these executives work. Design/methodology/approach – The “event-study” methodology is used first to estimate the...