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What Do Boards Really Do? Evidence from Minutes of Board Meetings
Schwartz-Ziv, Miriam - 2011
We analyze a unique database from a sample of real-world boardrooms - minutes of board meetings and board-committee meetings of eleven business companies for which the Israeli government holds a substantial equity interest. We use these data to evaluate the underlying assumptions and predictions...
Persistent link: https://www.econbiz.de/10013119600
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Throwing Good Money after Bad? Board Connections and Conflicts in Bank Lending
Kroszner, Randall - 2001
corporate governance network through frequent board linkages. Banks tend to have larger boards with a higher proportion of … in the U.S. corporate governance system …
Persistent link: https://www.econbiz.de/10012787534
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The Case Against Board Veto in Corporate Takeovers
Bebchuk, Lucian A. - 2009
This paper argues that once undistorted shareholder choice is ensured -- which can be done by making it necessary for hostile bidders to win a vote of shareholder support -- boards should not have veto power over takeover bids. The paper considers all of the arguments that have been offered for...
Persistent link: https://www.econbiz.de/10012767824
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Busy Directors : Strategic Interaction and Monitoring Synergies
Ljungqvist, Alexander - 2017
We derive conditions for when having a “busy” director on the board is harmful to shareholders and when it is beneficial. Our model allows directors to condition their monitoring choices on their co-directors' choices and to experience positive or negative monitoring synergies across firms....
Persistent link: https://www.econbiz.de/10012946482
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Boards of Directors as an Endogenously Determined Institution : A Survey of the Economic Literature
Hermalin, Benjamin E.; Weisbach, Michael S. - 2021
, boards are also an endogenously determined governance mechanism for addressing agency problems inherent to many organizations …
Persistent link: https://www.econbiz.de/10013232428
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Continuing Dangers of Disinformation in Corporate Accounting Reports
Kane, Edward J. - 2009
Insiders can artificially deflect the market prices of financial instruments from their full-information or inside value' by issuing deceptive accounting reports. Incentive support for disinformational activity comes through forms of compensation that allow corporate insiders to profit...
Persistent link: https://www.econbiz.de/10012767752
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The Changing Role of Auditors in Corporate Tax Planning
Maydew, Edward L.; Shackelford, Douglas A. - 2021
This paper examines changes in the role that auditors play in corporate tax planning following recentevents, including the well-known accounting scandals, passage of the Sarbanes-Oxley Act, andregulatory actions by the SEC and PCAOB. On the whole, these events have increased thesensitivity to...
Persistent link: https://www.econbiz.de/10013224384
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The State of Corporate Governance Research
Bebchuk, Lucian A. - 2011
This paper, which introduces the special issue on corporate governance co-sponsored by the Review of Financial Studies … and the National Bureau of Economic Research (NBER), reviews and comments on the state of corporate governance research …. The special issue features seven papers on corporate governance that were presented in a meeting of the NBER's corporate …
Persistent link: https://www.econbiz.de/10013134144
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Universal Banking and the Performance of German Firms
Gorton, Gary B. - 2011
investment, and for contesting corporate governance. In Germany, where the stock market has historically been small, banks hold …
Persistent link: https://www.econbiz.de/10013124511
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Why Did Some Banks Perform Better During the Credit Crisis? A Cross-Country Study of the Impact of Governance and Regulation
Beltratti, Andrea - 2010
-level governance, country-level governance, country-level regulation, and bank balance sheet and profitability characteristics before … indicators of good governance, banks with more shareholder-friendly boards performed worse during the crisis. Banks in countries …
Persistent link: https://www.econbiz.de/10013151816