Results 241 to 250 of about 1,416 (280)

Managerial entrenchment, corporate social responsibility, and earnings management [PDF]

Corporate Social Responsibility and Environmental Management, 2020
Many studies have examined the direct relationship between the two corporate practices: corporate social responsibility (CSR) and earnings management (EM); however, the results remain heterogeneous.
Isabel-María Garcia-Sanchez, Nazim Hussain, Sana Akbar Khan   +2 more
exaly   +2 more sources

Managerial Turnover and Entrenchment [PDF]

SSRN Electronic Journal, 2015
AbstractWe consider a two‐period model in which the success of the firm depends on the effort of a first‐period manager (the incumbent) as well as the effort and ability of a second‐period manager. At the end of the first period, the board receives a noisy signal of the incumbent manager's ability and decides whether to retain or replace the incumbent ...
Zenan Wu, Xi Weng
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CEO gender and managerial entrenchment

Research in International Business and Finance, 2020
Abstract This paper investigates the effect of gender on managerial authority and control over firms. The study examines S&P 1500 firms for the period of 1999–2014. Our findings suggest that accounting performance, firm value, CEO age, firm age, and board size reduce the likelihood of appointing female managers.
Dah, Mustafa A., Jizi, Mohammad I., Kebbe, Reem   +2 more
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Private placements and managerial entrenchment

Journal of Corporate Finance, 2003
We re-examine old evidence and provide new evidence on private placements of large-percentage blocks of stock. Our goal is to judge whether the prevailing hypotheses of monitoring and certification explain most private placements. Examining new evidence on events following the private placements and using a much larger sample than previous studies, our
Michael J. Barclay, Clifford G. Holderness, Dennis P. Sheehan   +2 more
openaire   +1 more source

Managerial Entrenchment Waves

SSRN Electronic Journal, 2012
This paper documents a novel agency cost that arises because managers of potential takeover targets forgo merger opportunities in industry merger waves. We present comprehensive evidence that the entrenchment effect of classified board varies dynamically over time by industry.
Kose John, Dalida Kadyrzhanova
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The Impact of Managerial Entrenchment on Agency Costs: An Empirical Investigation Using UK Panel Data

European Financial Management, 2009
This paper empirically investigates the relationship between managerial entrenchment and agency costs for a large sample of UK firms over the period 1999-2005.
Aydin Özkan
exaly   +2 more sources

Managerial Placement and Entrenchment

Emerging Markets Finance and Trade, 2018
Using data on companies that have implemented private placements in China from 2011 to 2016, we examine the discount on private placements, short-term stock returns, and long-term performance after...
Qizhi Tao, Zhao Zhao, Mingming Zhang, Xueman Xiang   +3 more
openaire   +1 more source

Managerial Entrenchment and Payout Policy

Journal of Financial and Quantitative Analysis, 2004
AbstractBuilding on the managerial entrenchment literature, we develop and test a novel perspective on payout policy that integrates the influence of internal governance mechanisms, investment opportunities, management compensation, and monitoring by large shareholders.
Aidong Hu, Praveen Kumar
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Analyst Following, Staggered Boards, and Managerial Entrenchment

SSRN Electronic Journal, 2012
Abstract We use agency theory to explore how analyst coverage is influenced by the managerial entrenchment associated with the staggered board. The evidence suggests that firms with staggered boards attract significantly larger analyst following. We also document that firms with staggered boards experience less information asymmetry. Staggered boards
Pornsit Jiraporn, Pandej Chintrakarn, Young S. Kim   +2 more
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Managerial Entrenchment and Capital Structure: The Effect of Diversification

SSRN Electronic Journal, 2018
Abstract This paper empirically examines how diversification influences the relation between corporate governance and capital structure. Consistent with the creditor alignment hypothesis, we find a positive relation between managerial entrenchment and leverage in diversified firms.
Shuangshuang Ji, David C. Mauer, Yilei Zhang   +2 more
openaire   +1 more source