Similar Search Results

Hirota, Shin'ichi (contributor); Kawamura, Kohei (contributor) - 2005

management ; restructuring ; corporate survival ; managerial risk aversion …, when the firm needs restructuring, this mechanism damages firm value. We discuss when external governance is desirable, and … restructuring aversion, survival motive, and excessive risk aversion. -- corporate governance ; worker incentives ; autonomous …

Persistent link: https://www.econbiz.de/10002868650

Does Board "Independence" Destroy Corporate Value?

Swan, Peter L. - 2014

adopt a majority of "independent" board members without links either to management or to substantial shareholders or explain … "independence from management" but are explicit in stating that significant shareholding need be no barrier to independence. Within …

Persistent link: https://www.econbiz.de/10013063219

Corporate performance, board structure, and their determinants in the banking industry

Adams, Renée B. (contributor); Mehran, Hamid (contributor) - 2008

The subprime crisis highlights how little we know about the governance of banks. This paper addresses a long-standing gap in the literature by analyzing board governance using a sample of banking firm data that spans forty years. We examine the relationship between board structure (size and...

Persistent link: https://www.econbiz.de/10003781557

Corporate Board Structures and Performance in the Banking Industry : Evidence from Japan

Sakawa, Hideaki - 2011

larger board more desirable for these firms because they face the requirement of improving management. After accounting for …

Persistent link: https://www.econbiz.de/10013128491

Is Company Performance Dependent on Outside Director 'Skin in the Game'?

Swan, Peter L. - 2011

Whilst researchers extensively investigate executive incentives, very little appears in the literature on the effect of outside-director ‘skin in the game' on board monitoring and thus firm performance. Utilizing a unique panel dataset, we observe a sizeable positive relationship between...

Persistent link: https://www.econbiz.de/10013131143

Bank Board Structure and Performance : Evidence for Large Bank Holding Companies

Adams, Renee B. - 2012

The subprime crisis highlights how little we know about bank governance. This paper addresses a long-standing gap in the literature by analyzing the relationship between board governance and performance using a sample of banking firm data that spans 34 years. We find that board independence is...

Persistent link: https://www.econbiz.de/10013113851

Strong Managers, Weak Boards?

Adams, Renee B. - 2012

Many governance reform proposals are based on the view that boards have been too friendly to executives, for example, by awarding them excessive pay. Although boards are often on friendly terms with executives, it is less clear that they have systematically failed to function in the interests of...

Persistent link: https://www.econbiz.de/10013116563

Strong Managers, Weak Boards?

Adams, Renee B. - 2012

Persistent link: https://www.econbiz.de/10013117028

Reputation and Regulatory Effects on Director Turnover and Directorships

Chang, Jui-Chin - 2012

I examine the reputation and regulatory effects on the directors' turnover and their directorships when firms are accused of fraudulent financial reporting (FR). The results show that the directors at FR firms incur reputation costs from abnormal turnover in relation to the directors at non-FR...

Persistent link: https://www.econbiz.de/10013101697

The Complementary Roles of Board Incentives and Market Monitoring : Theory and Evidence

Swan, Peter L. - 2016

In this paper I rectify the market governance model of Holmstrom and Tirole (1993) to develop and test a number of hypotheses concerning company board structure and incentives. Exogeneity stems from the forced departure of "non-independent" directors with substantial shareholdings from boards...

Persistent link: https://www.econbiz.de/10012994357

1
2
3
4
5
6
7
8
9
10
Next
Last