Surroca, Jordi; Tribó, Josep A. - In: Journal of Business Finance & Accounting 35 (2008-06) 5-6, pp. 748-789
We examine empirically the relationships amongst managerial entrenchment practices, social performance, and financial performance. We hypothesize that entrenched managers may collude with non-shareholder stakeholders in order to reinforce their entrenchment strategy; this is particularly so in...