Results 251 to 260 of about 2,574 (289)

Do Entrenched Managers Prefer Bond?

International Review of Business Research Papers, 2015
Prior research has documented both positive (John and Litov, 2009) and negative (Berger, Ofek, and Yermack, 1997) relationships between managerial entrenchment and the use of debt. This paper further investigates the impact of corporate governance on firm leverage by taking into account the substitution effect of different governance mechanisms ...
Yihua Zhao, Lin Zou
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The relationship between business strategy and management entrenchment

International Journal of Productivity and Performance Management, 2021
PurposeThe present study's main objective is to assess the relationship between business strategy and management entrenchment in listed firms on the Tehran Stock Exchange (TSE).Design/methodology/approachIn this paper, 128 firms have been assessed during 2012–2017.
Mahdi Salehi, Arash Arianpoor
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Employee Ownership: Management Entrenchment vs. Reward Management

SSRN Electronic Journal, 2011
Employee ownership is often used as a reward management tool but also as entrenchment mechanism. This paper develops a model suggesting that employee ownership policy reveals management quality. Good managers would use employee ownership as a reward management tool whereas bad managers would implement it for entrenchment motives.
Aubert, Nicolas, Lapied, André, Rousseau, Patrick   +2 more
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Two essays on analyst bias and management entrenchment

, 2022
This dissertation examines the interactions of corporate governance on analyst behavior. Analyst bias is well documented in the previous literature. However, the relationship between managerial entrenchment and analyst bias has not been explored.
Ulupinar, Bahar
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Does Delaware Entrench Management?

SSRN Electronic Journal, 2008
Critics have charged that state competition in corporate law, which Delaware clearly dominates, leads to a “race to the bottom” promoting management entrenchment at shareholders’ expense. We present evidence here inconsistent with this hypothesis. Measures of director quality and governance mechanisms are higher in Delaware.
Murali Jagannathan, Adam C. Pritchard
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Earnings Management and Annual General Meetings: The Role of Managerial Entrenchment

Financial Review, 2013
We examine earnings management around the annual general meeting (AGM) and assess the influence of managerial entrenchment. Consistent with prior research, we show positive and statistically significant abnormal returns surrounding AGMs regardless of the
Melissa B Frye, Weishen Wang, Ann Marie Whyte   +2 more
exaly   +2 more sources

The relationship between management entrenchment and financial statement fraud

Journal of Facilities Management, 2021
Purpose This study aims to assess the relationship between managerial entrenchment and the chance of fraud in financial statements, which are the only available source for shareholders’ decisions, so their accuracy and reliability are of great importance.
Maryam Seifzadeh, Raha Rajaeei, Arezao Allahbakhsh   +2 more
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CEO entrenchment and corporate liquidity management

Journal of Banking & Finance, 2015
Abstract CEO entrenchment distorts firms’ liquidity policy because entrenched CEOs and shareholders have conflicting preferences for liquidity. We investigate the association between firms’ liquidity level/mix and entrenchment within a system model accounting for endogeneity. Several results are obtained.
Elyas Elyasiani, Ling Zhang
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Managerial Entrenchment and Corporate Risk Management

SSRN Electronic Journal, 2010
We theoretically and empirically analyze the effects of managerial agency on corporate hedging and risk management. Our theoretical analysis indicates that even risk neutral entrenched managers of unlevered firms will optimally establish costly hedging positions.
Praveen Kumar, Ramon Rabinovitch
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CEO Entrenchment and Corporate Risk Management

SSRN Electronic Journal, 2011
Will corporations hedge even if risk management does not raise firm value? We address this question by examining theoretically and empirically the effects of CEO entrenchment and overinvestment on corporate hedging. Our theoretical analysis indicates that the avoidance of financial distress costs and managerial risk aversion are not necessary for ...
Praveen Kumar, Ramon Rabinovitch
openaire   +1 more source