کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5070007 1373231 2008 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Perceived importance of corporate boards in October 1987
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Perceived importance of corporate boards in October 1987
چکیده انگلیسی

This study provides empirical evidence from the U.S. firms that shareholders perceived corporate boards to be more important during than surrounding the October 1987 stock market crisis. The results indicate that during the crisis market-adjusted stock returns are negatively associated with CEO-chair duality, board size, and the presence of inside blockholders on board. The valuation effects of CEO-chair duality, percent of inside directors, and the presence of inside blockholders on board are stronger during than surrounding the crisis. The results are consistent with the view that corporate boards have valuation effects.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Finance Research Letters - Volume 5, Issue 3, September 2008, Pages 146-155
نویسندگان
,