Similar Search Results

Using Geographic Density of Firms to Identify the Effect of Board Size on Firm Value and Corporate Policies

Chintrakarn, Pandej - 2019

Prior research shows that firms tend to recruit directors from the geographically-proximate area. Due to a limited supply of qualified individuals in a given area, firms located in close proximity have to share a limited pool of talented individuals. As a result, the larger the number of firms...

Persistent link: https://www.econbiz.de/10012862139

Do Independent Directors Improve Firm Value? Evidence from the Great Recession

Jenwittayaroje, Nattawut - 2017

The literature offers no clear evidence on the effect of independent directors on firm value. We argue that, during stressful times, firms may need more and better expert advice to navigate a crisis. Outside independent directors can provide such advice. So, the role of independent directors may...

Persistent link: https://www.econbiz.de/10012945479

The Effect of Corporate Governance on CEO Luck : Evidence from the Institutional Shareholder Services (ISS)

Chintrakarn, Pandej - 2013

CEOs are “lucky” when they receive stock option grants on days when the stock price is the lowest in the month of the grant, implying opportunistic timing. Extending the work of Bebchuk, Grinstein, Peyer (2010), we explore the effect of overall corporate governance quality on CEO luck....

Persistent link: https://www.econbiz.de/10013080819

MBO Withdrawals and Determinants of Stockholders’ Wealth

Jiraporn, Pornsit - 2011

Not all firms that intend to go private do so successfully. A number of management buyouts are announced but subsequently withdrawn. It is documented in this study that the stock market reacts negatively to MBO withdrawal announcement. This adverse effect, however, is alleviated in firms where...

Persistent link: https://www.econbiz.de/10013120151

Corporate governance and generalist CEOs : evidence from board size

Pattanaporn Chatjuthamard; Viput Ongsakul; Jiraporn, Pornsit - In: Corporate governance : international journal of … 22 (2022) 1, pp. 148-158

Persistent link: https://www.econbiz.de/10012939829

How Do Independent Directors View Corporate Social Responsibility (CSR) During a Stressful Time? Evidence From the Financial Crisis

Chintrakarn, Pandej - 2020

deviation reduces CSR investments by about 8.22%. Further analysis shows that managers raised CSR investments during the crisis …, consistent with the risk-mitigation view, where managers invest in CSR to reduce their risk exposure. However, managers appear to … of the CSR investments during the crisis is motivated by managers' own risk preference. Additional robustness checks …

Persistent link: https://www.econbiz.de/10012825484

How Do Independent Directors View Powerful Executive Risk-Taking Incentives? A Quasi-Natural Experiment

Ongsakul, Viput - 2019

Motivated by agency theory, we explore how independent directors view managerial risk-taking incentives using a natural experiment. We exploit the passage of the Sarbanes-Oxley Act as an exogenous shock that raised board independence. Our difference-in-difference estimates show that independent...

Persistent link: https://www.econbiz.de/10012896321

Estimating the Effect of Board Independence on Managerial Ownership Using a Quasi-Natural Experiment

Nimmanunta, Kridsda - 2017

Grounded in agency theory, this paper investigates the effect of board independence on managerial ownership. We exploit the passage of the Sarbanes-Oxley Act and the associated exchange listing requirements as an exogenous regulatory shock that raises board independence. Our...

Persistent link: https://www.econbiz.de/10012942295

Powerful CEOs and Corporate Risk-Taking : Evidence from the CEO Pay Slice (CPS)

Chintrakarn, Pandej - 2014

We explore the role of powerful CEOs on the extent of risk-taking, using Bebchuk, Cremers, and Peyer's (2011) CEO pay slice (CPS). Based on more than 12,000 observations over 20 years (1992-2012), our results reveal a non-monotonic association. In particular, relatively less powerful CEOs...

Persistent link: https://www.econbiz.de/10013053761

How Do Independent Directors View Generalist vs. Specialist CEOs? Evidence from an Exogenous Regulatory Shock

Chatjuthamard, Pattanaporn; Jiraporn, Pornsit; … - 2021

Exploiting the passage of the Sarbanes-Oxley Act as a quasi-natural experiment, we explore how independent directors view generalist vs. specialist CEOs. Generalist CEOs possess the general managerial skills that can be applied across firms and industries. Our difference-in-difference estimates...

Persistent link: https://www.econbiz.de/10013323720

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