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Business Ethics and the Decision to Adopt Golden Parachute Contracts: Empirical Evidence of Concern for All Stakeholders

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  • Jocelyn Evans
  • Frank Hefner

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  • Jocelyn Evans & Frank Hefner, 2009. "Business Ethics and the Decision to Adopt Golden Parachute Contracts: Empirical Evidence of Concern for All Stakeholders," Journal of Business Ethics, Springer, vol. 86(1), pages 65-79, April.
    • Handle: RePEc:kap:jbuset:v:86:y:2009:i:1:p:65-79
    DOI: 10.1007/s10551-008-9818-9
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    References listed on IDEAS

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    1. Mark R. Huson & Robert Parrino & Laura T. Starks, 2001. "Internal Monitoring Mechanisms and CEO Turnover: A Long‐Term Perspective," Journal of Finance, American Finance Association, vol. 56(6), pages 2265-2297, December.
    2. Andrei Shleifer & Lawrence H. Summers, 1988. "Breach of Trust in Hostile Takeovers," NBER Chapters, in: Corporate Takeovers: Causes and Consequences, pages 33-68, National Bureau of Economic Research, Inc.
    3. Charles Brown & James L. Medoff, 1988. "The Impact of Firm Acquisitions on Labor," NBER Chapters, in: Corporate Takeovers: Causes and Consequences, pages 9-32, National Bureau of Economic Research, Inc.
    4. Alan J. Auerbach, 1988. "Corporate Takeovers: Causes and Consequences," NBER Books, National Bureau of Economic Research, Inc, number auer88-1.
    5. Rosenstein, Stuart & Wyatt, Jeffrey G., 1990. "Outside directors, board independence, and shareholder wealth," Journal of Financial Economics, Elsevier, vol. 26(2), pages 175-191, August.
    6. Topel, Robert H, 1991. "Specific Capital, Mobility, and Wages: Wages Rise with Job Seniority," Journal of Political Economy, University of Chicago Press, vol. 99(1), pages 145-176, February.
    7. Carol Lin & Yu-Chen Wei, 2006. "The Role of Business Ethics in Merger and Acquisition Success: An Empirical Study," Journal of Business Ethics, Springer, vol. 69(1), pages 95-109, November.
    8. Dawn Harris & Constance Helfat, 1997. "Specificity of CEO human capital and compensation," Strategic Management Journal, Wiley Blackwell, vol. 18(11), pages 895-920, December.
    9. Agrawal, Anup & Knoeber, Charles R., 1998. "Managerial compensation and the threat of takeover," Journal of Financial Economics, Elsevier, vol. 47(2), pages 219-239, February.
    10. Cotter, James F. & Zenner, Marc, 1994. "How managerial wealth affects the tender offer process," Journal of Financial Economics, Elsevier, vol. 35(1), pages 63-97, February.
    11. Gallant, A. Ronald & Jorgenson, Dale W., 1979. "Statistical inference for a system of simultaneous, non-linear, implicit equations in the context of instrumental variable estimation," Journal of Econometrics, Elsevier, vol. 11(2-3), pages 275-302.
    12. Lambert, Richard A. & Larcker, David F., 1985. "Golden parachutes, executive decision-making, and shareholder wealth," Journal of Accounting and Economics, Elsevier, vol. 7(1-3), pages 179-203, April.
    13. Gilson, Stuart C & Vetsuypens, Michael R, 1993. "CEO Compensation in Financially Distressed Firms: An Empirical Analysis," Journal of Finance, American Finance Association, vol. 48(2), pages 425-458, June.
    14. Gregor Andrade & Mark Mitchell & Erik Stafford, 2001. "New Evidence and Perspectives on Mergers," Journal of Economic Perspectives, American Economic Association, vol. 15(2), pages 103-120, Spring.
    15. Davidson, Wallace N, III & Pilger, Theodore & Szakmary, Andrew, 1998. "Golden Parachutes, Board and Committee Composition, and Shareholder Wealth," The Financial Review, Eastern Finance Association, vol. 33(4), pages 17-32, November.
    16. Shorey, John, 1983. "An Analysis of Sex Differences in Quits," Oxford Economic Papers, Oxford University Press, vol. 35(2), pages 213-227, July.
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    18. Guay, Wayne R., 1999. "The impact of derivatives on firm risk: An empirical examination of new derivative users1," Journal of Accounting and Economics, Elsevier, vol. 26(1-3), pages 319-351, January.
    19. Marvin Brown, 2006. "Corporate Integrity and Public Interest: A Relational Approach to Business Ethics and Leadership," Journal of Business Ethics, Springer, vol. 66(1), pages 11-18, June.
    20. Jensen, Michael C, 1988. "Takeovers: Their Causes and Consequences," Journal of Economic Perspectives, American Economic Association, vol. 2(1), pages 21-48, Winter.
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    Cited by:

    1. Szymon Okoń, 2012. "New Approach to Remuneration Policy for Investment Firms: a Polish Capital Market Perspective," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 6(1), March.
    2. Al Dah, Bilal & Michael, Amir & Dixon, Rob, 2017. "Antitakeover provisions and CEO monetary benefits: Revisiting the E-index," Research in International Business and Finance, Elsevier, vol. 42(C), pages 992-1004.
    3. Diego F. Uribe & Isabel Ortiz-Marcos & Ángel Uruburu, 2018. "What Is Going on with Stakeholder Theory in Project Management Literature? A Symbiotic Relationship for Sustainability," Sustainability, MDPI, vol. 10(4), pages 1-23, April.

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