IDEAS home Printed from https://ideas.repec.org/a/bla/corgov/v3y1995i1p30-37.html
   My bibliography  Save this article

Self‐serving Behaviour Amongst Company Directors: An Australian Investigation

Author

Listed:
  • Adam Steen
  • William Horrigan

Abstract

This study addresses the question of whether directors of publicly listed companies engage in self‐serving behaviour. Specifically, the enquiry considers whether directors in failing firms reduce personal shareholdings in their firms as failure approaches. The answer not only has implications for shareholders and regulators but has importance in terms of agency theory. While it appears that directors of failed firms do not hold fewer shares or reduce their shareholdings in their own firms, it seems that they do not increase their shareholdings as frequently as those in non‐failed firms.

Suggested Citation

  • Adam Steen & William Horrigan, 1995. "Self‐serving Behaviour Amongst Company Directors: An Australian Investigation," Corporate Governance: An International Review, Wiley Blackwell, vol. 3(1), pages 30-37, January.
    • Handle: RePEc:bla:corgov:v:3:y:1995:i:1:p:30-37
    DOI: 10.1111/j.1467-8683.1995.tb00090.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-8683.1995.tb00090.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-8683.1995.tb00090.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Millicent Chang & Yilin Lim, 2016. "Late Disclosure of Insider Trades: Who Does It and Why?," Journal of Business Ethics, Springer, vol. 133(3), pages 519-531, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:corgov:v:3:y:1995:i:1:p:30-37. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0964-8410&site=1 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.