Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10003943038
Manuscript Type: Empirical Research Question/Issue: We propose and test a new perspective on why the boards of some acquiring firms purchase a fairness opinion (FO). Specifically, we examine whether the board's knowledge explains the use of a FO and the market reaction to the FO. Research...
Persistent link: https://www.econbiz.de/10013156557
Persistent link: https://www.econbiz.de/10010408489
The board independence requirements enacted in conjunction with the Sarbanes Oxley Act of 2002 (SOX) provided motivation for firms that were already compliant with the regulations to alter their board structure. We consider actual board changes made by compliant firms and how such changes affect...
Persistent link: https://www.econbiz.de/10012953926
We develop a model to predict expected or normal director compensation. Based on this, we then calculate whether directors of corporate boards are over- or undercompensated. On average, we find greater evidence of over- rather than undercompensation. For companies that overpay, the average...
Persistent link: https://www.econbiz.de/10012954391
The number of female executives has increased remarkably in recent years. We contribute to the investigation of the gender question by examining the relationship between the gender of the CEO and corporate board structures. We propose that gender-based behavioral differences between males and...
Persistent link: https://www.econbiz.de/10012941707
Persistent link: https://www.econbiz.de/10012819476
We examine whether economic policy uncertainty (EPU) affects a board's chief executive officer (CEO) replacement decision. We find that high EPU reduces the likelihood of forced CEO turnover. Our results support the idea that performance assessment may be more difficult when uncertainty is high....
Persistent link: https://www.econbiz.de/10012825041
Persistent link: https://www.econbiz.de/10012035002
Persistent link: https://www.econbiz.de/10011760955