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Cumulative voting and the conflicts between board and minority shareholders

Zhao, Aiwu; Brehm, Alexander J. - In: Managerial Finance 37 (2011) May, pp. 465-473

Purpose – The purpose of this paper is to investigate whether cumulative voting can help ease the conflicts between board of directors and minority shareholders. Design/methodology/approach – The authors use voting result of shareholder proposals as an indicator of the level of conflicts...

Persistent link: https://www.econbiz.de/10009275428

Monitoring CEOs: can insider-dominated boards do a good job?

Wang, Yuwei - In: Managerial Finance 40 (2014), pp. 355-375

Purpose -The purpose of this paper is to examine the monitoring effectiveness of insider-dominated boards and outsider-dominated boards on different types of CEOs. Design/methodology/approach -To test whether boards monitor inside CEOs and outside CEOs differently and to compare the sizes of the...

Persistent link: https://www.econbiz.de/10010757797

Impact of board gender diversity on firm risk

Lenard, Mary Jane; Yu, Bing; York, E. Anne; Wu, Shengxiong - In: Managerial Finance 40 (2014), pp. 787-803

Purpose -The purpose of this paper is to study gender diversity on the board of directors and the relation to risk …-2011. The authors then measure the effect of gender diversity on corporate performance in terms of firm risk, using the model by … Cheng (2008) which measures the variability of stock market return. Findings -The study shows that more gender diversity on …

Persistent link: https://www.econbiz.de/10010812063

Investment spending and corporate governance: Evidence from the ASE listed firms

Dedoussis, Elias; Papadaki, Afroditi - In: Managerial Finance 36 (2010) March, pp. 201-224

Purpose – The purpose of this paper is to present evidence on the effects that different ownership's structures of Greek listed firms exercise on the relation between investment and liquidity constraints. Design/methodology/approach – Corporate governance in Greece is primarily based on the...

Persistent link: https://www.econbiz.de/10009319844

The effect of the mandatory adoption of corporate governance mechanisms on earnings manipulation, management effectiveness and firm financing: Evidence from Greece

Chalevas, Constantinos; Tzovas, Christos - In: Managerial Finance 36 (2010) March, pp. 257-277

Purpose – The purpose of this paper is to examine the effect of the mandatory adoption of corporate governance mechanisms on serious firm issues (earnings manipulation, management effectiveness and firm's financing). Design/methodology/approach – Cross-sectional analysis is employed to...

Persistent link: https://www.econbiz.de/10009319851

Director tenure and the compensation of bank CEOs

Byrd, John; Cooperman, Elizabeth S.; Wolfe, Glenn A. - In: Managerial Finance 36 (2010) February, pp. 86-102

Purpose – The purpose of this paper is to examine how board tenure affects the compensation of CEOs using a sample of 93 publicly traded US banks. Design/methodology/approach – The paper proposes a CEO allegiance hypothesis whereby long-term relationships with executives and other directors...

Persistent link: https://www.econbiz.de/10009319852

Insurance company dividend policy decisions: Evidence on the role of corporate governance and regulation

Jr, Victor A. Puleo; Smith, Frank S.; Casey, K. Michael - In: Managerial Finance 35 (2009) May, pp. 493-500

Purpose – The purpose of this paper is to explore the relationship between good corporate governance and dividend payment in the regulated insurance industry. Design/methodology/approach – A modification of Rozeff's transaction cost/agency cost trade-off model was estimated on a sample of 55...

Persistent link: https://www.econbiz.de/10009245368

Ownership concentration and dividend policy in Japan

Harada, Kimie; Nguyen, Pascal - In: Managerial Finance 37 (2011) April, pp. 362-379

Purpose – The purpose of this paper is to test two agency-based hypotheses regarding the effect of ownership concentration on dividend policy using a large sample of Japanese firms. Design/methodology/approach – Level regressions associating payout rates to ownership concentration are run....

Persistent link: https://www.econbiz.de/10009274311

The effect of analyst coverage on accounting conservatism

Sun, Jerry; Liu, Guoping - In: Managerial Finance 37 (2011) January, pp. 5-20

Purpose – The purpose of this paper is to examine whether high analyst coverage increases or decreases accounting conservatism. Design/methodology/approach – Sample firms were selected from the Compustat and I/B/E/S databases for years 1989-2006. The authors used both accrual-based and...

Persistent link: https://www.econbiz.de/10009275387

Corporate governance and investor reactions to seasoned equity offerings

Huang, Rongbing; Tompkins, James G. - In: Managerial Finance 36 (2010) July, pp. 603-628

PPurpose – The purpose of this paper is to study the role of corporate governance in abnormal returns around announcements of seasoned equity offerings (SEOs) by publicly traded US firms from 2001 to 2004. Design/methodology/approach – Cross-sectional regression analysis was used to...

Persistent link: https://www.econbiz.de/10009275426