Ahn, Seoungpil; Jiraporn, Pornsit; Kim, Young Sang - In: Journal of Banking & Finance 34 (2010) 9, pp. 2011-2026
This paper examines the impact of multiple directorships on stockholder wealth around the announcements of mergers and acquisitions. Grounded in agency theory, we argue that multiple directorships affect the quality of managerial oversight and thus influence agency conflicts in acquisition...
