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Urs C. Peyer

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Lucian A. Bebchuk & Martijn Cremers & Urs Peyer, 2007. "CEO Centrality," NBER Working Papers 13701, National Bureau of Economic Research, Inc.

    Cited by:

    1. Chi, Jianxin (Daniel) & Gupta, Manu, 2009. "Overvaluation and earnings management," Journal of Banking & Finance, Elsevier, vol. 33(9), pages 1652-1663, September.
    2. Chongwoo Choe & Gloria Tian & Xiangkang Yin, 2008. "Managerial Power, Stock-Based Compensation, And Firm Performance: Theory And Evidence," Monash Economics Working Papers 21/08, Monash University, Department of Economics.
    3. Dey, Aiyesha & Engel, Ellen & Liu, Xiaohui, 2011. "CEO and board chair roles: To split or not to split?," Journal of Corporate Finance, Elsevier, vol. 17(5), pages 1595-1618.
    4. Keys, Benjamin J. & Mukherjee, Tanmoy & Seru, Amit & Vig, Vikrant, 2009. "Financial regulation and securitization: Evidence from subprime loans," Journal of Monetary Economics, Elsevier, vol. 56(5), pages 700-720, July.
    5. Bebchuk, Lucian A. & Cremers, K.J. Martijn & Peyer, Urs C., 2011. "The CEO pay slice," Journal of Financial Economics, Elsevier, vol. 102(1), pages 199-221, October.
    6. Bai, Gang & Elyasiani, Elyas, 2013. "Bank stability and managerial compensation," Journal of Banking & Finance, Elsevier, vol. 37(3), pages 799-813.
    7. Li, Feng & Srinivasan, Suraj, 2011. "Corporate governance when founders are directors," Journal of Financial Economics, Elsevier, vol. 102(2), pages 454-469.

  2. Lucian A. Bebchuk & Yaniv Grinstein & Urs Peyer, 2006. "Lucky CEOs," NBER Working Papers 12771, National Bureau of Economic Research, Inc.

    Cited by:

    1. Minnick, Kristina, 2011. "The role of corporate governance in the write-off decision," Review of Financial Economics, Elsevier, vol. 20(4), pages 130-145.
    2. Carow, Kenneth & Heron, Randall & Lie, Erik & Neal, Robert, 2009. "Option grant backdating investigations and capital market discipline," Journal of Corporate Finance, Elsevier, vol. 15(5), pages 562-572, December.
    3. Arikawa, Yasuhiro & Mitsusada, Yosuke, 2011. "The adoption of poison pills and managerial entrenchment: Evidence from Japan," Japan and the World Economy, Elsevier, vol. 23(1), pages 63-77, January.
    4. Lucian A. Bebchuk & Yaniv Grinstein & Urs Peyer, 2006. "Lucky Directors," NBER Working Papers 12811, National Bureau of Economic Research, Inc.

  3. Lucian A. Bebchuk & Yaniv Grinstein & Urs Peyer, 2006. "Lucky Directors," NBER Working Papers 12811, National Bureau of Economic Research, Inc.

    Cited by:

    1. Bernile, Gennaro & Jarrell, Gregg A., 2009. "The impact of the options backdating scandal on shareholders," Journal of Accounting and Economics, Elsevier, vol. 47(1-2), pages 2-26, March.
    2. Sharma, Vineeta, 2011. "Independent directors and the propensity to pay dividends," Journal of Corporate Finance, Elsevier, vol. 17(4), pages 1001-1015, September.
    3. Dilger, Alexander, 2012. "How (not) to pay non-executive directors," Discussion Papers of the Institute for Organisational Economics 9/2012, University of Münster, Institute for Organisational Economics.
    4. Farrell, Kathleen A. & Friesen, Geoffrey C. & Hersch, Philip L., 2008. "How do firms adjust director compensation?," Journal of Corporate Finance, Elsevier, vol. 14(2), pages 153-162, April.

  4. Massa, Massimo & Peyer, Urs & Tong, Zhenxu, 2005. "Limits of Arbitrage and Corporate Financial Policy," CEPR Discussion Papers 4829, C.E.P.R. Discussion Papers.

    Cited by:

    1. Rahi, Rohit & Zigrand, Jean-Pierre, 2004. "Strategic financial innovation in segmented markets," LSE Research Online Documents on Economics 24785, London School of Economics and Political Science, LSE Library.
    2. Schnitzler, Jan, 2018. "S&P 500 inclusions and stock supply," Journal of Empirical Finance, Elsevier, vol. 48(C), pages 341-356.
    3. Pavlova, Anna & Kashyap, Anil & Kovrijnykh, Natalia & ,, 2018. "The Benchmark Inclusion Subsidy," CEPR Discussion Papers 13356, C.E.P.R. Discussion Papers.
    4. Buss, Adrian & Sundaresan, Savitar, 2020. "More Risk, More Information: How Passive Ownership Can Improve Informational Efficiency," CEPR Discussion Papers 14843, C.E.P.R. Discussion Papers.
    5. Christopher J. Neely & Paul A. Weller, 2007. "Central bank intervention with limited arbitrage," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 12(2), pages 249-260.
    6. Barth, Mary E. & Konchitchki, Yaniv & Landsman, Wayne R., 2008. "Cost of Capital and Earnings Transparency," Research Papers 2015, Stanford University, Graduate School of Business.
    7. Jeffrey Wurgler, 2010. "On the Economic Consequences of Index-Linked Investing," NBER Working Papers 16376, National Bureau of Economic Research, Inc.
    8. Rahi, Rohit & Zigrand, Jean-Pierre, 2008. "Arbitrage networks," LSE Research Online Documents on Economics 4787, London School of Economics and Political Science, LSE Library.
    9. Andrew Detzel & Philipp Schaberl & Jack Strauss, 2018. "There are two very different accruals anomalies," European Financial Management, European Financial Management Association, vol. 24(4), pages 581-609, September.
    10. Tong, Jiao & Bremer, Marc, 2016. "Stock repurchases in Japan: A solution to excessive corporate saving?," Journal of the Japanese and International Economies, Elsevier, vol. 41(C), pages 41-56.

Articles

  1. Bebchuk, Lucian A. & Cremers, K.J. Martijn & Peyer, Urs C., 2011. "The CEO pay slice," Journal of Financial Economics, Elsevier, vol. 102(1), pages 199-221, October.

    Cited by:

    1. Bao, May Xiaoyan & Cheng, Xiaoyan & Smith, David & Tanyi, Paul, 2021. "CEO pay ratios and financial reporting quality," Global Finance Journal, Elsevier, vol. 47(C).
    2. Nguyen, Giang & Vu, Le, 2021. "Does venture capital syndication affect mergers and acquisitions?," Journal of Corporate Finance, Elsevier, vol. 67(C).
    3. Penghua Qiao & Anna Fung & Jianchun Miao & Hung†Gay Fung, 2017. "Powerful Chief Executive Officers and Firm Performance: Integrating Agency and Stewardship Theory," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 25(6), pages 100-119, November.
    4. Lel, Ugur & Tepe, Mete, 2021. "Investor horizon and managerial short-termism," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 1-20.
    5. Grout, Paul A. & Zalewska, Anna, 2012. "The effect of option granting on executive stock purchases," Economics Letters, Elsevier, vol. 114(1), pages 12-15.
    6. Matthew Notbohm & Katherine Campbell & Adam R. Smedema & Tianming Zhang, 2019. "Management’s personal ideology and financial reporting quality," Review of Quantitative Finance and Accounting, Springer, vol. 52(2), pages 521-571, February.
    7. Dinara Alpysbayeva & Jozef Konings & Venkat Subramanian & Aigerim Yergabulova, 2022. "Wage dispersion and firm performance: evidence from Kazakhstan," Working Papers 2022/01, Nazarbayev University, Graduate School of Business.
    8. Ryan Flugum & Svetlana Orlova & Andrew Prevost & Li Sun, 2021. "Distracted institutions, information asymmetry and stock price stability," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(9-10), pages 2015-2048, October.
    9. Lei Gao & Andrey Zagorchev, 2020. "Dual-Class Firms and Innovation after NAFTA," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 23(01), pages 1-33, March.
    10. Hornstein, Abigail S., 2013. "Corporate capital budgeting and CEO turnover," Journal of Corporate Finance, Elsevier, vol. 20(C), pages 41-58.
    11. Fang, Yuanli & Hu, Maggie & Yang, Qingsen, 2018. "Do executives benefit from shareholder disputes? Evidence from multiple large shareholders in Chinese listed firms," Journal of Corporate Finance, Elsevier, vol. 51(C), pages 275-315.
    12. Colonnello, Stefano, 2016. "Executive Compensation, Macroeconomic Conditions, and Cash Flow Cyclicality," IWH Discussion Papers 6/2016, Halle Institute for Economic Research (IWH).
    13. Holger M. Mueller & Paige P. Ouimet & Elena Simintzi, 2017. "Within-Firm Pay Inequality," The Review of Financial Studies, Society for Financial Studies, vol. 30(10), pages 3605-3635.
    14. Issam Laguir & Raffaele Staglianò, 2014. "How do powerful CEOs manage corporate tax aggressiveness?," Economics Bulletin, AccessEcon, vol. 34(3), pages 1361-1368.
    15. Paula Faria & Franscisco Vitorino Martins & Elísio Brandão, 2013. "Executive Compensation: Pay-for-Performance in High-Technology Firms," FEP Working Papers 517, Universidade do Porto, Faculdade de Economia do Porto.
    16. Vijaya Subrahmanyam & Manohar Singh & Anita Pennathur, 2020. "CEO characteristics, firm performance, and corporate political contributions: A firm level pre‐Citizens United analysis," Review of Financial Economics, John Wiley & Sons, vol. 38(2), pages 379-404, April.
    17. Chun, Hong-min, 2019. "CEO pay disparity, chaebol affiliations, and implied cost of equity capital," Finance Research Letters, Elsevier, vol. 31(C).
    18. Alexandridis, George & Chen, Zhong & Zeng, Yeqin, 2021. "Financial hedging and corporate investment," Journal of Corporate Finance, Elsevier, vol. 67(C).
    19. Jie Hao & Viet Pham & Meng Guo, 2022. "The Gender Effects of Audit Partners on Audit Outcomes: Evidence of Rule 3211 Adoption," Journal of Business Ethics, Springer, vol. 177(2), pages 275-304, May.
    20. Griffin, Paul A. & Hong, Hyun A. & Liu, Yun & Ryou, Ji Woo, 2021. "The dark side of CEO social capital: Evidence from real earnings management and future operating performance," Journal of Corporate Finance, Elsevier, vol. 68(C).
    21. El-Khatib, Rwan & Fogel, Kathy & Jandik, Tomas, 2015. "CEO network centrality and merger performance," Journal of Financial Economics, Elsevier, vol. 116(2), pages 349-382.
    22. Ji, Qiong & Quan, Xiaofeng & Yin, Hongying & Yuan, Qingbo, 2021. "Gambling preferences and stock price crash risk: Evidence from China," Journal of Banking & Finance, Elsevier, vol. 128(C).
    23. Ya You & Shuba Srinivasan & Koen Pauwels & Amit Joshi, 2020. "How CEO/CMO characteristics affect innovation and stock returns: findings and future directions," Journal of the Academy of Marketing Science, Springer, vol. 48(6), pages 1229-1253, November.
    24. Estélyi, Kristína Sághy & Nisar, Tahir M., 2016. "Diverse boards: Why do firms get foreign nationals on their boards?," Journal of Corporate Finance, Elsevier, vol. 39(C), pages 174-192.
    25. Haß, Lars Helge & Müller, Maximilian A. & Vergauwe, Skrålan, 2015. "Tournament incentives and corporate fraud," Journal of Corporate Finance, Elsevier, vol. 34(C), pages 251-267.
    26. Geoffrey P. Martin & Robert M. Wiseman & Luis R. Gomez-Mejia, 2020. "The Ethical Dimension of Equity Incentives: A Behavioral Agency Examination of Executive Compensation and Pension Funding," Journal of Business Ethics, Springer, vol. 166(3), pages 595-610, October.
    27. Inder K. Khurana & Hoyoun Kyung, 2021. "Internal control material weakness and CEO recruitment," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(9-10), pages 1940-1987, October.
    28. Shashwat Alok & Radhakrishnan Gopalan, 2018. "Managerial Compensation in Multidivision Firms," Management Science, INFORMS, vol. 64(6), pages 2856-2874, June.
    29. Renneboog, L.D.R. & Liang, H. & Ferrell, A., 2014. "Socially Responsible Firms," Discussion Paper 2014-029, Tilburg University, Tilburg Law and Economic Center.
    30. Michel Magnan & Dominic Martin, 2019. "Executive Compensation and Employee Remuneration: The Flexible Principles of Justice in Pay," Journal of Business Ethics, Springer, vol. 160(1), pages 89-105, November.
    31. Xin Qu & Daifei Yao & Majella Percy, 2020. "How the Design of CEO Equity-Based Compensation can Lead to Lower Audit Fees: Evidence from Australia," Journal of Business Ethics, Springer, vol. 163(2), pages 281-308, May.
    32. Yu, Mei & Ashton, John K., 2015. "Board leadership structure for Chinese public listed companies," China Economic Review, Elsevier, vol. 34(C), pages 236-248.
    33. Malhotra, Shavin & Morgan, Horatio M. & Zhu, Pengcheng, 2020. "Corporate governance and firms’ acquisition behavior: The role of antitakeover provisions," Journal of Business Research, Elsevier, vol. 118(C), pages 26-37.
    34. Charles Ham & Nicholas Seybert & Sean Wang, 2018. "Narcissism is a bad sign: CEO signature size, investment, and performance," Review of Accounting Studies, Springer, vol. 23(1), pages 234-264, March.
    35. Mazur, Mieszko & Salganik-Shoshan, Galla, 2017. "Teaming up and quiet intervention: The impact of institutional investors on executive compensation policies," Journal of Financial Markets, Elsevier, vol. 35(C), pages 65-83.
    36. Kieschnick, Robert & Moussawi, Rabih, 2018. "Firm age, corporate governance, and capital structure choices," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 597-614.
    37. Rasha Ashraf & Nishant Dass & Vikram Nanda, 2022. "Industry centrality: Weak ties, industry attributes, and managerial contracting," Financial Management, Financial Management Association International, vol. 51(2), pages 663-699, June.
    38. Vafeas, Nikos & Vlittis, Adamos, 2019. "Board executive committees, board decisions, and firm value," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 43-63.
    39. Han-Ting Wang & Sze-Ting Chen, 2020. "The Impact of CEO Competence Heterogeneity and Investor Risk Appetite on Corporate Bond Yield- Take the Listed Companies of the Real Estate Industry as an Example," International Journal of Business and Administrative Studies, Professor Dr. Bahaudin G. Mujtaba, vol. 6(4), pages 183-200.
    40. Ferris, Stephen P. & Sainani, Sushil, 2021. "Do CFOs matter? Evidence from the M&A process," Journal of Corporate Finance, Elsevier, vol. 67(C).
    41. Ilchechen Coelho, Giselle Cilaine & Fontes Filho, Joaquim Rubens & Buchbinder, Felipe, 2019. "Effects of the Corporate Governance Practices on the Executive Compensation," 7th International OFEL Conference on Governance, Management and Entrepreneurship: Embracing Diversity in Organisations (Dubrovnik, 2019), in: 7th International OFEL Conference on Governance, Management and Entrepreneurship: Embracing Diversity in Organisations. April 5th - 6th, 2019, Dubrovn, pages 41-58, Governance Research and Development Centre (CIRU), Zagreb.
    42. Aktas, Nihat & de Bodt, Eric & Roll, Richard, 2013. "Learning from repetitive acquisitions: Evidence from the time between deals," Journal of Financial Economics, Elsevier, vol. 108(1), pages 99-117.
    43. Li, Tongxia & Munir, Qaiser & Abd Karim, Mohd Rahimie, 2017. "Nonlinear relationship between CEO power and capital structure: Evidence from China's listed SMEs," International Review of Economics & Finance, Elsevier, vol. 47(C), pages 1-21.
    44. Baran, Lindsay & Forst, Arno, 2015. "Disproportionate insider control and board of director characteristics," Journal of Corporate Finance, Elsevier, vol. 35(C), pages 62-80.
    45. Rania B'eji & Ouidad Yousfi & Abdelwahed Omri, 2021. "Corporate Social Responsibility and Corporate Governance: A cognitive approach," Papers 2102.09218, arXiv.org.
    46. Long, Wenbin & Tian, Gary Gang & Hu, Jun & Yao, Daifei (Troy), 2020. "Bearing an imprint: CEOs' early-life experience of the Great Chinese Famine and stock price crash risk," International Review of Financial Analysis, Elsevier, vol. 70(C).
    47. Bugeja, Martin & Matolcsy, Zoltan & Spiropoulos, Helen, 2017. "The CEO pay slice: Managerial power or efficient contracting? Some indirect evidence," Journal of Contemporary Accounting and Economics, Elsevier, vol. 13(1), pages 69-87.
    48. Huang, Guan-Ying & Huang, Henry H. & Lee, Chun I, 2019. "Is CEO pay disparity relevant to seasoned bondholders?," International Review of Economics & Finance, Elsevier, vol. 64(C), pages 271-289.
    49. Colonnello, Stefano, 2017. "Internal governance and creditor governance: Evidence from credit default swaps," IWH Discussion Papers 6/2017, Halle Institute for Economic Research (IWH).
    50. Rania Béji & Ouidad Yousfi & Abdelwahed Omri, 2020. "Corporate Social Responsibility and Corporate Governance: A cognitive approach," Post-Print hal-03144756, HAL.
    51. Canil, Jean & Karpavičius, Sigitas & Yu, Chia-Feng, 2019. "Are shareholders gender neutral? Evidence from say on pay," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 169-186.
    52. Yiqing Tan, 2021. "Industry tournament incentives and audit fees," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(3-4), pages 587-612, March.
    53. Rose, Caspar, 2016. "Firm performance and comply or explain disclosure in corporate governance," European Management Journal, Elsevier, vol. 34(3), pages 202-222.
    54. Ivana Vitanova, 2022. "CEO overconfidence and corporate tournaments," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(5), pages 1423-1438, July.
    55. Shahab, Yasir & Ntim, Collins G. & Ullah, Farid & Yugang, Chen & Ye, Zhiwei, 2020. "CEO power and stock price crash risk in China: Do female directors' critical mass and ownership structure matter?," International Review of Financial Analysis, Elsevier, vol. 68(C).
    56. Kovermann, Jost & Velte, Patrick, 2019. "The impact of corporate governance on corporate tax avoidance—A literature review," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 36(C), pages 1-1.
    57. Habib Jouber, 2019. "How does CEO pay slice influence corporate social responsibility? U.S.–Canadian versus Spanish–French listed firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(2), pages 502-517, March.
    58. Usman, Muhammad & Zhang, Junrui & Farooq, Muhammad Umar & Makki, Muhammad Abdul Majid & Dong, Nanyan, 2018. "Female directors and CEO power," Economics Letters, Elsevier, vol. 165(C), pages 44-47.
    59. Francoeur, Claude & Lakhal, Faten & Gaaya, Safa & Ben Saad, Itidel, 2021. "How do powerful CEOs influence corporate environmental performance?," Economic Modelling, Elsevier, vol. 94(C), pages 121-129.
    60. Joan Wiggenhorn & Seema Pissaris & Kimberly Gleason, 2016. "Powerful CEOs and employee relations: evidence from corporate social responsibility indicators," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 40(1), pages 85-104, January.
    61. Li, Yiwei & Zeng, Yeqin, 2019. "The impact of top executive gender on asset prices: Evidence from stock price crash risk," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 528-550.
    62. Tu Nguyen & Jing Zhao, 2021. "Industry tournament incentives and corporate innovation," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(9-10), pages 1797-1845, October.
    63. Joanna Ho & Feng Tian & Anne Wu & Sean Xin Xu, 2017. "Seeking Value Through Deviation? Economic Impacts of IT Overinvestment and Underinvestment," Information Systems Research, INFORMS, vol. 28(4), pages 850-862, December.
    64. Brickley, James A. & Zimmerman, Jerold L., 2010. "Corporate governance myths: Comments on Armstrong, Guay, and Weber," Journal of Accounting and Economics, Elsevier, vol. 50(2-3), pages 235-245, December.
    65. Xu, Qiao & Fernando, Guy D. & Tam, Kinsun, 2018. "Executive age and the readability of financial reports," Advances in accounting, Elsevier, vol. 43(C), pages 70-81.
    66. Munir, Qaiser & Kok, Sook Ching & Teplova, Tamara & Li, Tongxia, 2017. "Powerful CEOs, debt financing, and leasing in Chinese SMEs: Evidence from threshold model," The North American Journal of Economics and Finance, Elsevier, vol. 42(C), pages 487-503.
    67. Harper, Joel & Johnson, Grace & Sun, Li, 2020. "Stock price crash risk and CEO power: Firm-level analysis," Research in International Business and Finance, Elsevier, vol. 51(C).
    68. Thi Bui & Andrew Ferguson & Peter Lam, 2021. "CEO compensation in early‐stage firms: Rewards for prospectivity and survival," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(5-6), pages 895-928, May.
    69. Jain, Pawan & Jiang, Christine & Mekhaimer, Mohamed, 2016. "Executives' horizon, internal governance and stock market liquidity," Journal of Corporate Finance, Elsevier, vol. 40(C), pages 1-23.
    70. Jiexiang Huang & Helen Roberts & Eric K. M. Tan, 2022. "The media and CEO dominance," International Review of Finance, International Review of Finance Ltd., vol. 22(1), pages 5-35, March.
    71. Cheong, Chee Seng & Yu, Chia-Feng (Jeffrey) & Zurbruegg, Ralf & Brockman, Paul, 2021. "Tournament incentives and institutional ownership," International Review of Economics & Finance, Elsevier, vol. 74(C), pages 418-433.
    72. Clement Olalekan Olaniyi & Olaolu Richard Olayeni, 2020. "A new perspective into the relationship between CEO pay and firm performance: evidence from Nigeria’s listed firms," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 22(2), pages 250-277, December.
    73. Steven S. Crawford & Karen K. Nelson & Brian R. Rountree, 2021. "Mind the gap: CEO–employee pay ratios and shareholder say‐on‐pay votes," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(1-2), pages 308-337, January.
    74. Terry A. Baker & Thomas J. Lopez & Austin L. Reitenga & George W. Ruch, 2019. "The influence of CEO and CFO power on accruals and real earnings management," Review of Quantitative Finance and Accounting, Springer, vol. 52(1), pages 325-345, January.
    75. Siew − Peng Lee, 2021. "Environmental responsibility, CEO power and financial performance in the energy sector," Review of Managerial Science, Springer, vol. 15(8), pages 2407-2426, November.
    76. Li, Si & Perez, M. Fabricio, 2021. "The evolution of pay premiums for managerial attributes," Journal of Corporate Finance, Elsevier, vol. 69(C).
    77. Badar Alshabibi, 2021. "The Role of Institutional Investors in Improving Board of Director Attributes around the World," JRFM, MDPI, vol. 14(4), pages 1-33, April.
    78. Junaid Haider & Hong-Xing Fang, 2018. "CEO power, corporate risk taking and role of large shareholders," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 10(1), pages 55-72, April.
    79. Aktas, Nihat & Boone, Audra & Croci, Ettore & Signori, Andrea, 2021. "Reductions in CEO career horizons and corporate policies," Journal of Corporate Finance, Elsevier, vol. 66(C).
    80. Sun, Sophia Li & Habib, Ahsan & Huang, Hedy Jiaying, 2019. "Tournament incentives and stock price crash risk: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 54(C), pages 93-117.
    81. Jenny Chu & Jonathan Faasse & P. Raghavendra Rau, 2018. "Do Compensation Consultants Enable Higher CEO Pay? A Disclosure Rule Change as a Separating Device," Management Science, INFORMS, vol. 64(10), pages 4915-4935, October.
    82. Dezső, Cristian L. & Ross, David Gaddis, 2012. "Are banks happy when managers go long? The information content of managers’ vested option holdings for loan pricing," Journal of Financial Economics, Elsevier, vol. 106(2), pages 395-410.
    83. Banerjee, Suman & Humphery-Jenner, Mark & Nanda, Vikram, 2018. "Does CEO bias escalate repurchase activity?," Journal of Banking & Finance, Elsevier, vol. 93(C), pages 105-126.
    84. Hongfei Tang, 2014. "Are CEO stock option grants optimal? Evidence from family firms and non-family firms around the Sarbanes–Oxley Act," Review of Quantitative Finance and Accounting, Springer, vol. 42(2), pages 251-292, February.
    85. María Consuelo Pucheta-Martínez & Isabel Gallego-Álvarez, 2021. "The Role of CEO Power on CSR Reporting: The Moderating Effect of Linking CEO Compensation to Shareholder Return," Sustainability, MDPI, vol. 13(6), pages 1-19, March.
    86. Goldstein, Itay & Edmans, Alex & Zhu, John, 2013. "Contracting With Synergies," CEPR Discussion Papers 9747, C.E.P.R. Discussion Papers.
    87. Anutchanat Jaroenjitrkam & Chia‐Feng (Jeffrey) Yu & Ralf Zurbruegg, 2020. "Does market power discipline CEO power? An agency perspective," European Financial Management, European Financial Management Association, vol. 26(3), pages 724-752, June.
    88. Ni, Xiaoran & Wang, Ye & Yin, David, 2021. "Does Modern Information Technology Attenuate Managerial Information Hoarding? Evidence from the EDGAR Implementation," Journal of Corporate Finance, Elsevier, vol. 71(C).
    89. Ricardo Correa & Ugur Lel, 2013. "Say on pay laws, executive compensation, CEO pay slice, and firm value around the world," International Finance Discussion Papers 1084, Board of Governors of the Federal Reserve System (U.S.).
    90. Thomas Chemmanur & Jie (Jack) He & Xiao (Shaun) Ren & Tao Shu, 2020. "The Disappearing IPO Puzzle: New Insights from Proprietary U.S. Census Data on Private Firms," Working Papers 20-20, Center for Economic Studies, U.S. Census Bureau.
    91. Chowdhury, Hasibul & Hodgson, Allan & Pathan, Shams, 2020. "Do external labour market incentives constrain bad news hoarding? The CEO's industry tournament and crash risk reduction," Journal of Corporate Finance, Elsevier, vol. 65(C).
    92. Elmar Gerum & Sascha H. Mölls & Chunqian Shen, 2018. "Corporate governance, capital market orientation and firm performance: empirical evidence for large publicly traded German corporations," Journal of Business Economics, Springer, vol. 88(2), pages 203-252, February.
    93. Beatriz Aibar-Guzmán & José-Valeriano Frías-Aceituno, 2021. "Is It Necessary to Centralize Power in the CEO to Ensure Environmental Innovation?," Administrative Sciences, MDPI, vol. 11(1), pages 1-21, March.
    94. Correa, Ricardo & Lel, Ugur, 2016. "Say on pay laws, executive compensation, pay slice, and firm valuation around the world," Journal of Financial Economics, Elsevier, vol. 122(3), pages 500-520.
    95. Jack K. H. Fung & David Pecha, 2019. "The efficiency of compensation contracting in China: Do better CEOs get better paid?," Review of Quantitative Finance and Accounting, Springer, vol. 53(3), pages 749-772, October.
    96. Tian, Gloria Y. & Yang, Fan, 2014. "CEO incentive compensation in U.S. financial institutions," International Review of Financial Analysis, Elsevier, vol. 34(C), pages 64-75.
    97. Chao, Chi Chur & Hu, May & Munir, Qaiser & Li, Tongxia, 2017. "The impact of CEO power on corporate capital structure: New evidence from dynamic panel threshold analysis," International Review of Economics & Finance, Elsevier, vol. 51(C), pages 107-120.
    98. Farman Ullah Khan & Vanina Adoriana Trifan & Mioara Florina Pantea & Junrui Zhang & Muhammad Nouman, 2022. "Internal Governance and Corporate Social Responsibility: Evidence from Chinese Companies," Sustainability, MDPI, vol. 14(4), pages 1-20, February.
    99. Asher Curtis & Valerie Li & Paige H. Patrick, 2021. "The use of adjusted earnings in performance evaluation," Review of Accounting Studies, Springer, vol. 26(4), pages 1290-1322, December.
    100. Zhou, Bing & Dutta, Shantanu & Zhu, Pengcheng, 2020. "CEO tenure and mergers and acquisitions," Finance Research Letters, Elsevier, vol. 34(C).
    101. Mark Humphery‐Jenner & Emdad Islam & Lubna Rahman & Jo‐Ann Suchard, 2022. "Powerful CEOs and Corporate Governance," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 19(1), pages 135-188, March.
    102. Talavera, Oleksandr & Yin, Shuxing & Zhang, Mao, 2021. "Tournament incentives, age diversity and firm performance," Journal of Empirical Finance, Elsevier, vol. 61(C), pages 139-162.
    103. Hwang, Hyoseok (David) & Kim, Hyun-Dong & Kim, Taeyeon, 2020. "The blind power: Power-led CEO overconfidence and M&A decision making," The North American Journal of Economics and Finance, Elsevier, vol. 52(C).
    104. Humphery-Jenner, Mark & Lisic, Ling Lei & Nanda, Vikram & Silveri, Sabatino Dino, 2016. "Executive overconfidence and compensation structure," Journal of Financial Economics, Elsevier, vol. 119(3), pages 533-558.
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    160. Tee, Chwee Ming, 2018. "Political connections and the cost of debt: Re-examining the evidence from Malaysia," Journal of Multinational Financial Management, Elsevier, vol. 46(C), pages 51-62.
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    165. Shahid Ali & Junrui Zhang & Muhammad Usman & Muhammad Kaleem Khan & Farman Ullah Khan & Muhammad Abubakkar Siddique, 2020. "Do tournament incentives motivate chief executive officers to be socially responsible?," Managerial Auditing Journal, Emerald Group Publishing Limited, vol. 35(5), pages 597-619, February.
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    Cited by:

    1. Lucas W. Davis & Catherine Hausman, 2020. "Are Energy Executives Rewarded for Luck?," The Energy Journal, , vol. 41(6), pages 157-180, November.
    2. Curtis E. Clements & Ryan K. Jessup & John D. Neill & Paul Wertheim, 2018. "The relationship between director tenure and director quality," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 15(3), pages 142-161, August.
    3. Kiyoung Chang & Ying Li & Ha‐Chin Yi, 2021. "Informed equity ownership and bank loan contracting," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(7-8), pages 1368-1403, July.
    4. Steven Hegemann & Iuliana Ismailescu, 2017. "The Effect of FASB Statement No. 123R on Stock Repurchases: An Empirical Examination of Management Incentives," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 20(02), pages 1-31, June.
    5. Ali, Usman & Hirshleifer, David, 2017. "Opportunism as a firm and managerial trait: Predicting insider trading profits and misconduct," Journal of Financial Economics, Elsevier, vol. 126(3), pages 490-515.
    6. Paula Faria & Franscisco Vitorino Martins & Elísio Brandão, 2013. "Executive Compensation: Pay-for-Performance in High-Technology Firms," FEP Working Papers 517, Universidade do Porto, Faculdade de Economia do Porto.
    7. Chintrakarn, Pandej & Jiraporn, Pornsit & Kim, J.C., 2013. "The effect of corporate governance on CEO luck: Evidence from the Institutional Shareholder Services (ISS)," Finance Research Letters, Elsevier, vol. 10(4), pages 169-174.
    8. Frydman, Carola & Jenter, Dirk, 2010. "CEO Compensation," Research Papers 2069, Stanford University, Graduate School of Business.
    9. Stefan Winter & Philip Michels, 2019. "The managerial power approach: Is it testable?," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 23(3), pages 637-668, September.
    10. Marquardt, Blair B. & Myers, Brett W. & Niu, Xu, 2018. "Strategic voting and insider ownership," Journal of Corporate Finance, Elsevier, vol. 51(C), pages 50-71.
    11. Aggarwal, Reena & Dahiya, Sandeep & Prabhala, Nagpurnanand R., 2019. "The power of shareholder votes: Evidence from uncontested director elections," Journal of Financial Economics, Elsevier, vol. 133(1), pages 134-153.
    12. Thomas Piketty & Emmanuel Saez & Stefanie Stantcheva, 2014. "Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities," American Economic Journal: Economic Policy, American Economic Association, vol. 6(1), pages 230-271, February.
    13. Lee Biggerstaff & David C. Cicero & Andy Puckett, 2013. "Unethical Culture, Suspect CEOs and Corporate Misbehavior," NBER Working Papers 19261, National Bureau of Economic Research, Inc.
    14. Anwar Boumosleh & Brandon Cline, 2015. "Outside Director Stock Options and Dividend Policy," Journal of Financial Services Research, Springer;Western Finance Association, vol. 47(3), pages 381-410, June.
    15. Guthrie, Graeme & Stannard, Tom, 2020. "Easy money? Managerial power and the option backdating game revisited," Journal of Banking & Finance, Elsevier, vol. 118(C).
    16. Philippe Jacquart & J. Scott Armstrong, 2013. "The Ombudsman: Are Top Executives Paid Enough? An Evidence-Based Review," Interfaces, INFORMS, vol. 43(6), pages 580-589, December.
    17. Song, Wei-Ling & Wan, Kam-Ming, 2017. "Explicit employment contracts and CEO compensation," Journal of Corporate Finance, Elsevier, vol. 44(C), pages 540-560.
    18. Carver, Brian T. & Cline, Brandon N. & Hoag, Matthew L., 2013. "Underperformance of founder-led firms: An examination of compensation contracting theories during the executive stock options backdating scandal," Journal of Corporate Finance, Elsevier, vol. 23(C), pages 294-310.
    19. Pietro Bonetti & Miguel Duro & Gaizka Ormazabal, 2020. "Disclosure Regulation and Corporate Acquisitions," Journal of Accounting Research, Wiley Blackwell, vol. 58(1), pages 55-103, March.
    20. Dittmann, Ingolf & Maug, Ernst & Zhang, Dan, 2011. "Restricting CEO pay," Journal of Corporate Finance, Elsevier, vol. 17(4), pages 1200-1220, September.
    21. Sven-Olof Yrjö Collin & Yuliya Ponomareva & Sara Ottosson & Nina Sundberg, 2017. "Governance strategy and costs: board compensation in Sweden," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 21(3), pages 685-713, September.
    22. Elif Sisli Ciamarra & Tanseli Savaser, 2015. "Managerial Performance Incentives and Firm Risk during Economic Expansions and Recessions," Working Papers 93, Brandeis University, Department of Economics and International Business School.
    23. Andrea Nannicini & Duarte Pitta Ferraz & Ilídio Tomás Lopes, 2018. "Relationship between top executive compensation and corporate governance: evidence from large Italian listed companies," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 15(4), pages 197-209, November.
    24. Bebchuk, Lucian A. & Weisbach, Michael S., 2009. "The State of Corporate Governance Research," Working Paper Series 2009-21, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
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    80. Drobetz, Wolfgang & Grüninger, Matthias C. & Hirschvogl, Simone, 2010. "Information asymmetry and the value of cash," Journal of Banking & Finance, Elsevier, vol. 34(9), pages 2168-2184, September.
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    82. Nicholas Clarke & Dylan Norris & Andrew Schrowang, 2024. "Share repurchases and managerial reference points," The Financial Review, Eastern Finance Association, vol. 59(1), pages 57-87, February.
    83. Su, Xuan-Qi & Lin, Yung-Chieh & Chen, Chin-Ming & Lowe, Alpha, 2019. "Are educational managers credible or overconfident? Evidence from share repurchases in Taiwan," Pacific-Basin Finance Journal, Elsevier, vol. 56(C), pages 93-112.
    84. Huang, Chia-Wei, 2015. "Takeover vulnerability and the credibility of signaling: The case of open-market share repurchases," Journal of Banking & Finance, Elsevier, vol. 58(C), pages 405-417.
    85. Autore, Don M. & Clarke, Nicholas & Liu, Baixiao, 2019. "Activist investors and open market share repurchases," Journal of Banking & Finance, Elsevier, vol. 107(C), pages 1-1.
    86. Andreou, Panayiotis C. & Cooper, Ilan & de Olalla Lopez, Ignacio Garcia & Louca, Christodoulos, 2018. "Managerial overconfidence and the buyback anomaly," Journal of Empirical Finance, Elsevier, vol. 49(C), pages 142-156.
    87. Ota, Koji & Kawase, Hironori & Lau, David, 2019. "Does reputation matter? Evidence from share repurchases," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 287-306.
    88. Fangjian Fu & Sheng Huang, 2016. "The Persistence of Long-Run Abnormal Returns Following Stock Repurchases and Offerings," Management Science, INFORMS, vol. 62(4), pages 964-984, April.
    89. Caton, Gary L. & Goh, Jeremy & Lee, Yen Teik & Linn, Scott C., 2016. "Governance and post-repurchase performance," Journal of Corporate Finance, Elsevier, vol. 39(C), pages 155-173.
    90. Wesson, N. & Smit, E.v.d.M. & Kidd, M. & Hamman, W.D., 2018. "Determinants of the choice between share repurchases and dividend payments," Research in International Business and Finance, Elsevier, vol. 45(C), pages 180-196.
    91. Azi Ben-Rephael & Jacob Oded & Avi Wohl, 2014. "Do Firms Buy Their Stock at Bargain Prices? Evidence from Actual Stock Repurchase Disclosures," Review of Finance, European Finance Association, vol. 18(4), pages 1299-1340.
    92. Oded, Jacob, 2011. "Stock repurchases: How firms choose between a self tender offer and an open-market program," Journal of Banking & Finance, Elsevier, vol. 35(12), pages 3174-3187.
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    94. Agarwalla, Sobhesh Kumar & Jacob, Joshy & Vasudevan, Ellapulli, 2013. "Market Timing Ability of Indian Firms in Open Market Repurchases," IIMA Working Papers WP2013-11-10, Indian Institute of Management Ahmedabad, Research and Publication Department.
    95. Gow-Cheng Huang & Kartono Liano & Ming-Shiun Pan, 2019. "Do open-market stock repurchases convey firm-specific or industry-wide information? Evidence from REITs," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 43(2), pages 382-397, April.
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    Cited by:

    1. Renée Adams & Benjamin E. Hermalin & Michael S. Weisbach, 2008. "The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey," NBER Working Papers 14486, National Bureau of Economic Research, Inc.
    2. Fabrizio Rossi & Richard J. Cebula, 2015. "Stock market reactions to announcements of the board of directors: evidence from Italy," Applied Economics, Taylor & Francis Journals, vol. 47(20), pages 2102-2118, April.
    3. Jiraporn, Pornsit & Davidson III, Wallace N. & DaDalt, Peter & Ning, Yixi, 2009. "Too busy to show up? An analysis of directors' absences," The Quarterly Review of Economics and Finance, Elsevier, vol. 49(3), pages 1159-1171, August.
    4. Eugene Kang & Mark Kroll, 2014. "Deciding Who Will Rule: Examining the Influence of Outside Noncore Directors on Executive Entrenchment," Organization Science, INFORMS, vol. 25(6), pages 1662-1683, December.
    5. Abdelrhman Yusuf & Mohamed Sherif, 2020. "All on Board? New Evidence on Board Characteristics from a Large Panel of UK FTSE Indices," Sustainability, MDPI, vol. 12(13), pages 1-26, July.
    6. Tetsuji Okazaki & Michiru Sawada, 2008. "Interbank Networks in Pre-war Japan:Structure and Implications," CARF F-Series CARF-F-142, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    7. Bremert, Michael & Schulten, Axel, 2008. "The impact of supervisory board characteristics on form performance," Papers 08-33, Sonderforschungsbreich 504.
    8. Rossi, Fabrizio & Cebula, Richard, 2013. "Stock Market Reactions to Announcements of Board of Director Appointments: Evidence from Italy," MPRA Paper 58403, University Library of Munich, Germany.
    9. Chen, Zonghao & Keefe, Michael O'Connor, 2020. "Rookie directors and firm performance: Evidence from China11We thank William L Megginson (the editor), two anonymous referees, Graeme Guthrie, Heng Geng, Adrian Cheung and seminar participants at the ," Journal of Corporate Finance, Elsevier, vol. 60(C).
    10. Hsin-Yi Yu & Brian G. M. Main, 2012. "Political Intervention, Corporate Governance and Firm Performance: An Empirical Investigation in Japan and Taiwan," Accounting and Finance Research, Sciedu Press, vol. 1(1), pages 134-134, May.
    11. Ettore Croci & Rosanna Grassi, 2014. "The economic effect of interlocking directorates in Italy: new evidence using centrality measures," Computational and Mathematical Organization Theory, Springer, vol. 20(1), pages 89-112, March.
    12. Panagiotis Karavitis & Pantelis Kazakis & Tianyue Xu, 2022. "CFO Working Experience and Tax Avoidance," Working Papers 2022_14, Business School - Economics, University of Glasgow.
    13. Caiazza, Rosa & Phan, Phillip H. & Simoni, Michele, 2023. "Theoretical and empirical differences between the interlocked boards of family and non-family firms," Journal of Family Business Strategy, Elsevier, vol. 14(2).
    14. Nguyen, Bang Dang & Nielsen, Kasper Meisner, 2010. "The value of independent directors: Evidence from sudden deaths," Journal of Financial Economics, Elsevier, vol. 98(3), pages 550-567, December.
    15. Amy J. Hillman & Gavin Nicholson & Christine Shropshire, 2008. "Directors' Multiple Identities, Identification, and Board Monitoring and Resource Provision," Organization Science, INFORMS, vol. 19(3), pages 441-456, June.
    16. Daniliuc, Sorin Ovidiu & Li, Lingwei & Wee, Marvin, 2020. "Busy directors and firm performance: Evidence from Australian mergers," Pacific-Basin Finance Journal, Elsevier, vol. 64(C).
    17. Mishra, Geeti & Patro, Archana & Tiwari, Aviral Kumar, 2024. "Does climate governance moderate the relationship between ESG reporting and firm value? Empirical evidence from India," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 920-941.
    18. Alqahtani, Jubran & Duong, Lien & Taylor, Grantley & Eulaiwi, Baban, 2022. "Outside directors, firm life cycle, corporate financial decisions and firm performance," Emerging Markets Review, Elsevier, vol. 50(C).
    19. Ferris, Stephen P. & Liao, Min-Yu (Stella) & Tamm, Chris, 2018. "The compensation of busy directors: An international analysis," Research in International Business and Finance, Elsevier, vol. 46(C), pages 294-312.
    20. Chen, Li-Wen & Yu, Hsin-Yi, 2017. "Corporate governance, political involvement, and internationalization: An empirical investigation in Japan and Taiwan," Research in International Business and Finance, Elsevier, vol. 39(PA), pages 640-655.
    21. Ahn, Seoungpil & Jiraporn, Pornsit & Kim, Young Sang, 2010. "Multiple directorships and acquirer returns," Journal of Banking & Finance, Elsevier, vol. 34(9), pages 2011-2026, September.
    22. Kin-Wai Lee & Gillian Hian-Heng Yeo, 2016. "The association between integrated reporting and firm valuation," Review of Quantitative Finance and Accounting, Springer, vol. 47(4), pages 1221-1250, November.
    23. Drago, Carlo & Millo, Francesco & Ricciuti, Roberto & Santella, Paolo, 2015. "Corporate governance reforms, interlocking directorship and company performance in Italy," International Review of Law and Economics, Elsevier, vol. 41(C), pages 38-49.
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    25. Bischoff, Oliver & Buchwald, Achim, 2016. "Horizontal and Vertical Firm Networks, Corporate Performance and Product Market Competition," VfS Annual Conference 2016 (Augsburg): Demographic Change 145730, Verein für Socialpolitik / German Economic Association.
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    29. Canan C. Mutlu & Sunay Mutlu & Steve Sauerwald, 2021. "CEO outside directorships and managerial efficiency: The role of host board capital," Corporate Governance: An International Review, Wiley Blackwell, vol. 29(1), pages 45-66, January.
    30. Balsmeier, Benjamin & Buchwald, Achim & Peters, Heiko, 2011. "Outside board memberships of CEOs: Expertise or entrenchment?," DICE Discussion Papers 26, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    31. Eitan Moshe Goldman & Peggy Peiju Huang, 2015. "Contractual vs. Actual Separation Pay Following CEO Turnover," Management Science, INFORMS, vol. 61(5), pages 1108-1120, May.
    32. Bradley Benson & Travis Davidson & Hui James & Hongxia Wang, 2022. "Board busyness and corporate payout: are all busy directors the same?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(3), pages 3711-3759, September.
    33. Buchwald, Achim, 2015. "Competition, outside directors and executive turnover: Implications for corporate governance in the EU," DICE Discussion Papers 174, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    34. ØYvind Bøhren & R. Øystein Strøm, 2010. "Governance and Politics: Regulating Independence and Diversity in the Board Room," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 37(9‐10), pages 1281-1308, November.
    35. Adams, Mike & Jiang, Wei, 2016. "Do outside directors influence the financial performance of risk-trading firms? Evidence from the United Kingdom (UK) insurance industry," Journal of Banking & Finance, Elsevier, vol. 64(C), pages 36-51.
    36. Franco Ernesto Rubino & Paolo Tenuta & Domenico Rocco Cambrea, 2017. "Board characteristics effects on performance in family and non-family business: a multi-theoretical approach," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 21(3), pages 623-658, September.
    37. Drago, Carlo & Ricciuti, Roberto & Santella, Paolo, 2016. "An Attempt to Disperse the Italian Interlocking Directorship Network: Analyzing the Effects of the 2011 Reform," Economy and Society 230584, Fondazione Eni Enrico Mattei (FEEM).
    38. Kim, Keunyoung, 2022. "When are busy boards beneficial?," The Quarterly Review of Economics and Finance, Elsevier, vol. 86(C), pages 437-454.
    39. Lawrence, Edward R. & Raithatha, Mehul, 2023. "Gender bias, board diversity, and firm value: Evidence from a natural experiment," Journal of Corporate Finance, Elsevier, vol. 78(C).
    40. Francis, Bill B. & Hasan, Iftekhar & Wu, Qiang, 2012. "Do corporate boards matter during the current financial crisis?," Review of Financial Economics, Elsevier, vol. 21(2), pages 39-52.
    41. James Borthwick & Aelee Jun & Shiguang Ma, 2020. "Changing board behaviour: The role of the ‘Two Strikes’ rule in improving the efficacy of Australian Say‐on‐Pay," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(S1), pages 827-876, April.
    42. Isabel-María García-Sánchez, 2010. "The effectiveness of corporate governance: board structure and business technical efficiency in Spain," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 18(3), pages 311-339, September.
    43. Falato, Antonio & Kadyrzhanova, Dalida & Lel, Ugur, 2014. "Distracted directors: Does board busyness hurt shareholder value?," Journal of Financial Economics, Elsevier, vol. 113(3), pages 404-426.
    44. Julia Brennecke & Olaf N. Rank, 2017. "Tie heterogeneity in networks of interlocking directorates: a cost–benefit approach to firms’ tie choice," Business Research, Springer;German Academic Association for Business Research, vol. 10(1), pages 97-122, June.
    45. Volonté, Christophe, 2015. "Boards: Independent and committed directors?," International Review of Law and Economics, Elsevier, vol. 41(C), pages 25-37.
    46. Ahn, Seoungpil & Walker, Mark D., 2007. "Corporate governance and the spinoff decision," Journal of Corporate Finance, Elsevier, vol. 13(1), pages 76-93, March.
    47. Mauro Romano & Christian Favino & Luca Pennacchio & Francesco Grimaldi, 2020. "CEO social capital in family businesses and its effect on investment opportunities: Asset or liability?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(5), pages 2004-2015, September.
    48. Pombo, Carlos & Gutiérrez, Luis H., 2011. "Outside directors, board interlocks and firm performance: Empirical evidence from Colombian business groups," Journal of Economics and Business, Elsevier, vol. 63(4), pages 251-277, July.
    49. Ferris, Stephen P. & Jayaraman, Narayanan & Liao, Min-Yu (Stella), 2020. "Better directors or distracted directors? An international analysis of busy boards," Global Finance Journal, Elsevier, vol. 44(C).
    50. Pamela Brandes & Ravi Dharwadkar & Jonathan F. Ross & Linna Shi, 2022. "Time is of the Essence!: Retired Independent Directors’ Contributions to Board Effectiveness," Journal of Business Ethics, Springer, vol. 179(3), pages 767-793, September.
    51. Sheeba Kapil & Rakesh K Mishra, 2019. "Corporate Governance structure and firm performance in Indian context: A Structural Equation Modelling Approach," Working Papers 1937, Indian Institute of Foreign Trade.
    52. Fedaseyeu, Viktar & Linck, James S. & Wagner, Hannes F., 2018. "Do qualifications matter? New evidence on board functions and director compensation," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 816-839.
    53. Limbach, Peter & Sonnenburg, Florian, 2014. "CEO fitness and firm value," CFR Working Papers 14-12 [rev.], University of Cologne, Centre for Financial Research (CFR).
    54. Hauser, Roie, 2018. "Busy directors and firm performance: Evidence from mergers," Journal of Financial Economics, Elsevier, vol. 128(1), pages 16-37.
    55. Edacherian, Saneesh & Panicker, Vidya Sukumara, 2022. "Do interlocks by different types of directors affect the nature of internationalization strategy of emerging market multinationals?," International Business Review, Elsevier, vol. 31(4).
    56. Valeriano Sanchez-Famoso & Jorge-Humberto Mejia-Morelos & Luis Cisneros, 2020. "New Insights into Non-Listed Family SMEs in Spain: Board Social Capital, Board Effectiveness, and Sustainable Performance," Sustainability, MDPI, vol. 12(3), pages 1-18, January.
    57. Field, Laura & Lowry, Michelle & Mkrtchyan, Anahit, 2013. "Are busy boards detrimental?," Journal of Financial Economics, Elsevier, vol. 109(1), pages 63-82.
    58. Marwa Elnahass & Kamil Omoteso & Aly Salama & Vu Quang Trinh, 2020. "Differential market valuations of board busyness across alternative banking models," Review of Quantitative Finance and Accounting, Springer, vol. 55(1), pages 201-238, July.
    59. Vidhi Chhaochharia & Yaniv Grinstein, 2007. "The Changing Structure of US Corporate Boards: 1997–2003," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(6), pages 1215-1223, November.
    60. Amin, Md Ruhul & Mazumder, Sharif & Aktas, Elvan, 2023. "Busy board and corporate debt maturity structure," Global Finance Journal, Elsevier, vol. 58(C).
    61. Jiraporn, Pornsit & Kim, Young Sang & Davidson III, Wallace N., 2008. "Multiple directorships and corporate diversification," Journal of Empirical Finance, Elsevier, vol. 15(3), pages 418-435, June.
    62. Henrique Castro Martins & Cristiano Machado Costa, 2020. "Does control concentration affect board busyness? International evidence," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 24(3), pages 821-850, September.
    63. Benson, Bradley W. & Davidson, Wallace N. & Davidson, Travis R. & Wang, Hongxia, 2015. "Do busy directors and CEOs shirk their responsibilities? Evidence from mergers and acquisitions," The Quarterly Review of Economics and Finance, Elsevier, vol. 55(C), pages 1-19.
    64. Francesca Arnaboldi & Barbara Casu, 2012. "Corporate Governance in European Banking," Chapters, in: James R. Barth & Chen Lin & Clas Wihlborg (ed.), Research Handbook on International Banking and Governance, chapter 31, Edward Elgar Publishing.
    65. Mai Dao & Hua-Wei Huang & Jishan Zhu, 2012. "The Effects of Audit Committee Members' Age and Additional Directorships on the Cost of Equity Capital in the USA," European Accounting Review, Taylor & Francis Journals, vol. 22(3), pages 607-643, September.
    66. Basuil, Dynah A. & Datta, Deepak K., 2017. "Value creation in cross-border acquisitions: The role of outside directors' human and social capital," Journal of Business Research, Elsevier, vol. 80(C), pages 35-44.
    67. Eulaiwi, Baban & Al-Hadi, Ahmed & Taylor, Grantley & Al-Yahyaee, Khamis Hamed & Evans, John, 2016. "Multiple directorships, family ownership and the board nomination committee: International evidence from the GCC," Emerging Markets Review, Elsevier, vol. 28(C), pages 61-88.
    68. Stockmans, Annelies & Lybaert, Nadine & Voordeckers, Wim, 2013. "The conditional nature of board characteristics in constraining earnings management in private family firms," Journal of Family Business Strategy, Elsevier, vol. 4(2), pages 84-92.
    69. Karen M. Y. Lai & Andriyawan Sasmita & Ferdinand A. Gul & Yee Boon Foo & Marion Hutchinson, 2018. "Busy Auditors, Ethical Behavior, and Discretionary Accruals Quality in Malaysia," Journal of Business Ethics, Springer, vol. 150(4), pages 1187-1198, July.
    70. Limbach, Peter & Sonnenburg, Florian, 2014. "CEO fitness and firm value," CFR Working Papers 14-12, University of Cologne, Centre for Financial Research (CFR).
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  5. Peyer, Urs C. & Vermaelen, Theo, 2005. "The many facets of privately negotiated stock repurchases," Journal of Financial Economics, Elsevier, vol. 75(2), pages 361-395, February.

    Cited by:

    1. Ken Yook & Partha Gangopadhyay, 2011. "A comprehensive examination of the wealth effects of recent stock repurchase announcements," Review of Quantitative Finance and Accounting, Springer, vol. 37(4), pages 509-529, November.
    2. Manoj Kulchania, 2013. "Market Micrsotructure Changes Around Accelerated Share Repurchase Announcements," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 36(1), pages 91-114, January.
    3. Dusan ISAKOV & Dennis Y. CHUNG & Christophe PERIGNON, 2005. "Repurchasing Shares on a Second Trading Line," FAME Research Paper Series rp162, International Center for Financial Asset Management and Engineering.
    4. Ali Akyol & Jin S. Kim & Chander Shekhar, 2014. "The Causes and Consequences of Accelerated Stock Repurchases," International Review of Finance, International Review of Finance Ltd., vol. 14(3), pages 319-343, September.
    5. Andrea Buffa & Giovanna Nicodano, 2006. "Should Insider Trading be Prohibited when Share Repurchases are Allowed?," Carlo Alberto Notebooks 16, Collegio Carlo Alberto.
    6. Chan, Konan & Ikenberry, David L. & Lee, Inmoo, 2007. "Do managers time the market? Evidence from open-market share repurchases," Journal of Banking & Finance, Elsevier, vol. 31(9), pages 2673-2694, September.
    7. Wolfgang Bessler & Wolfgang Drobetz & Martin Seim & Jan Zimmermann, 2016. "Equity Issues and Stock Repurchases of Initial Public Offerings," European Financial Management, European Financial Management Association, vol. 22(1), pages 31-62, January.
    8. Ota, Koji & Lau, David & Kawase, Hironori, 2022. "Signal strength adjustment behavior: Evidence from share repurchases," Journal of Banking & Finance, Elsevier, vol. 143(C).
    9. Jun, Sang-gyung & Jung, Mookwon & Walkling, Ralph A., 2009. "Share repurchase, executive options and wealth changes to stockholders and bondholders," Journal of Corporate Finance, Elsevier, vol. 15(2), pages 212-229, April.
    10. Massa, Massimo & Peyer, Urs & Tong, Zhenxu, 2005. "Limits of Arbitrage and Corporate Financial Policy," CEPR Discussion Papers 4829, C.E.P.R. Discussion Papers.
    11. Julian FRANKS & Colin MAYER & MIYAJIMA Hideaki & OGAWA Ryo, 2018. "Stock Repurchases and Corporate Control: Evidence from Japan," Discussion papers 18074, Research Institute of Economy, Trade and Industry (RIETI).
    12. Butler, Alexander W. & Cornaggia, Jess & Grullon, Gustavo & Weston, James P., 2011. "Corporate financing decisions, managerial market timing, and real investment," Journal of Financial Economics, Elsevier, vol. 101(3), pages 666-683, September.
    13. Ihsan Badshah & Hardjo Koerniadi & James Kolari, 2021. "The Sarbanes‐Oxley act and informed trading in the options market: Evidence from share repurchase announcements," International Review of Finance, International Review of Finance Ltd., vol. 21(2), pages 645-652, June.
    14. Dmitri G. Markovitch & Peter N. Golder, 2008. "—Using Stock Prices to Predict Market Events: Evidence on Sales Takeoff and Long-Term Firm Survival," Marketing Science, INFORMS, vol. 27(4), pages 717-729, 07-08.
    15. Julian FRANKS & Colin MAYER & MIYAJIMA Hideaki & OGAWA Ryo, 2023. "Managing Ownership by Management," Discussion papers 23022, Research Institute of Economy, Trade and Industry (RIETI).
    16. Harris, Oneil & Madura, Jeff, 2010. "Cause and effects of poison pill adoptions by spinoff units," Journal of Economics and Business, Elsevier, vol. 62(4), pages 307-330, July.
    17. Kulchania, Manoj, 2013. "Catering driven substitution in corporate payouts," Journal of Corporate Finance, Elsevier, vol. 21(C), pages 180-195.
    18. Andriosopoulos, Dimitris & Hoque, Hafiz, 2013. "The determinants of share repurchases in Europe," International Review of Financial Analysis, Elsevier, vol. 27(C), pages 65-76.
    19. Dionysia Dionysiou, 2015. "Choosing Among Alternative Long-Run Event-Study Techniques," Journal of Economic Surveys, Wiley Blackwell, vol. 29(1), pages 158-198, February.
    20. Isakov, Dusan & Dumont, Pierre-André, 2009. "Les rachats d'actions en Suisse. Objectifs, conséquences et pratiques," FSES Working Papers 408, Faculty of Economics and Social Sciences, University of Freiburg/Fribourg Switzerland.
    21. Andriosopoulos, Dimitris & Lasfer, Meziane, 2015. "The market valuation of share repurchases in Europe," Journal of Banking & Finance, Elsevier, vol. 55(C), pages 327-339.
    22. Jha, Anand & Kulchania, Manoj & Kwon, Min-Jeong, 2022. "Stock repurchasing and corporate social responsibility," Journal of Financial Stability, Elsevier, vol. 62(C).
    23. Saeyoung Chang & Michael J. Sullivan, 2007. "The Disparate Nature of Targeted Repurchases: Evidence from Long‐Run Performance," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 34(1‐2), pages 65-77, January.
    24. Chang, Saeyoung & Puthenpurackal, John, 2014. "Repurchases of convertible preferred stock and shareholder wealth," Journal of Business Research, Elsevier, vol. 67(4), pages 623-630.
    25. Harris, Oneil & Glegg, Charmaine, 2009. "Governance quality and privately negotiated stock repurchases: Evidence of agency conflict," Journal of Banking & Finance, Elsevier, vol. 33(2), pages 317-325, February.
    26. Oded, Jacob, 2011. "Stock repurchases: How firms choose between a self tender offer and an open-market program," Journal of Banking & Finance, Elsevier, vol. 35(12), pages 3174-3187.
    27. Jayanta Kumar Seal & Jasbir Singh Matharu, 2018. "Long-Term Performance of Buybacks in India," Global Business Review, International Management Institute, vol. 19(6), pages 1554-1566, December.
    28. Bargeron, Leonce & Kulchania, Manoj & Thomas, Shawn, 2011. "Accelerated share repurchases," Journal of Financial Economics, Elsevier, vol. 101(1), pages 69-89, July.
    29. Ihsan Badshah & Hardjo Koerniadi & James Kolari, 2019. "Testing the Information-Based Trading Hypothesis in the Option Market: Evidence from Share Repurchases," JRFM, MDPI, vol. 12(4), pages 1-11, November.

  6. Claudio Loderer & Urs Peyer, 2002. "Board Overlap, Seat Accumulation and Share Prices," European Financial Management, European Financial Management Association, vol. 8(2), pages 165-192, June.

    Cited by:

    1. A. A. Drakos & F. V. Bekiris, 2010. "Endogeneity and the relationship between board structure and firm performance: a simultaneous equation analysis for the Athens Stock Exchange," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 31(6), pages 387-401.
    2. Jiraporn, Pornsit & Davidson III, Wallace N. & DaDalt, Peter & Ning, Yixi, 2009. "Too busy to show up? An analysis of directors' absences," The Quarterly Review of Economics and Finance, Elsevier, vol. 49(3), pages 1159-1171, August.
    3. Manuel Ammann & David Oesch & Markus M. Schmid, 2013. "Product Market Competition, Corporate Governance, and Firm Value: Evidence from the EU Area," European Financial Management, European Financial Management Association, vol. 19(3), pages 452-469, June.
    4. Catarina Fernandes & Jorge Farinha & Francisco Vitorino Martins & Cesario Mateus, 2018. "Bank governance and performance: a survey of the literature," Journal of Banking Regulation, Palgrave Macmillan, vol. 19(3), pages 236-256, July.
    5. Gordon Gemmill & Dylan C. Thomas, 2006. "The Impact of Corporate Governance on Closed‐end Funds," European Financial Management, European Financial Management Association, vol. 12(5), pages 725-746, November.
    6. Remzi Gözübüyük & Carl Joachim Kock & Murat Ünal, 2020. "Who appropriates centrality rents? The role of institutions in regulating social networks in the global Islamic finance industry," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(5), pages 764-787, July.
    7. Tetsuji Okazaki & Michiru Sawada, 2008. "Interbank Networks in Pre-war Japan:Structure and Implications," CARF F-Series CARF-F-142, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    8. Ingolf Dittmann & Ernst Maug & Christoph Schneider, 2008. "How Preussag Became TUI: A Clinical Study of Institutional Blockholders and Restructuring in Europe," Financial Management, Financial Management Association International, vol. 37(3), pages 571-598, September.
    9. Stefan Beiner & Markus M. Schmid & Gabrielle Wanzenried, 2011. "Product Market Competition, Managerial Incentives and Firm Valuation," European Financial Management, European Financial Management Association, vol. 17(2), pages 331-366, March.
    10. Ettore Croci, 2007. "Corporate Raiders, Performance and Governance in Europe," European Financial Management, European Financial Management Association, vol. 13(5), pages 949-978, November.
    11. Ettore Croci & Rosanna Grassi, 2014. "The economic effect of interlocking directorates in Italy: new evidence using centrality measures," Computational and Mathematical Organization Theory, Springer, vol. 20(1), pages 89-112, March.
    12. Nooraisah Katmon & Omar Al Farooque, 2017. "Exploring the Impact of Internal Corporate Governance on the Relation Between Disclosure Quality and Earnings Management in the UK Listed Companies," Journal of Business Ethics, Springer, vol. 142(2), pages 345-367, May.
    13. Klaus Brockhoff, 2006. "Technologischer Wandel und Corporate Governance," Schmalenbach Journal of Business Research, Springer, vol. 58(54), pages 7-31, January.
    14. Drobetz, Wolfgang & Gugler, Klaus & Hirschvogl, Simone, 2004. "The Determinants of the German Corporate Governance Rating," Working papers 2004/06, Faculty of Business and Economics - University of Basel.
    15. Krishna Reddy & Stuart Locke & Frank Scrimgeour, 2010. "The efficacy of principle‐based corporate governance practices and firm financial performance," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 6(3), pages 190-219, June.
    16. Jiraporn, Pornsit & Singh, Manohar & Lee, Chun I., 2009. "Ineffective corporate governance: Director busyness and board committee memberships," Journal of Banking & Finance, Elsevier, vol. 33(5), pages 819-828, May.
    17. Vafeas, Nikos & Vlittis, Adamos, 2019. "Board executive committees, board decisions, and firm value," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 43-63.
    18. Qi Wang & Maoxia Sun & Kongwen Wang, 2023. "Do Reputation Incentives Matter? Busy Directors and Corporate Social Responsibility in China," Sustainability, MDPI, vol. 15(6), pages 1-17, March.
    19. Islam, Md Ariful & Hossain, Shahadat & Singh, Harjinder & Sultana, Nigar, 2021. "Outsider CEOs and corporate debt," International Review of Financial Analysis, Elsevier, vol. 74(C).
    20. Rita Vieira & Graça Azevedo & Jonas Oliveira, 2024. "Systematic review in financialization politics: the role of corporate governance and managerial compensation," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 21(3), pages 376-405, September.
    21. Ahn, Seoungpil & Jiraporn, Pornsit & Kim, Young Sang, 2010. "Multiple directorships and acquirer returns," Journal of Banking & Finance, Elsevier, vol. 34(9), pages 2011-2026, September.
    22. Maug, Ernst & Dittmann, Ingolf & Schneider, Christoph, 2007. "Bankers and the Performance of German Firms," Sonderforschungsbereich 504 Publications 07-40, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    23. Ann†Kristin Achleitner & André Betzer & Jasmin Gider, 2010. "Do Corporate Governance Motives Drive Hedge Fund and Private Equity Fund Activities?," European Financial Management, European Financial Management Association, vol. 16(5), pages 805-828, November.
    24. Ting-Kai Chou & Hsuan-Ling Feng, 2019. "Multiple directorships and the value of cash holdings," Review of Quantitative Finance and Accounting, Springer, vol. 53(3), pages 663-699, October.
    25. Ghafran, Chaudhry & O'Sullivan, Noel & Yasmin, Sofia, 2022. "When does audit committee busyness influence earnings management in the UK? Evidence on the role of the financial crisis and company size," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 47(C).
    26. Kashif Rashid & Aqil Waqar Khan, 2014. "Board Size and Board Independence: A Quantitative Study on Banking Industry in Pakistan," Oeconomics of Knowledge, Saphira Publishing House, vol. 6(4), pages 2-17, December.
    27. Ahmed Bouteska & Mehdi Mili, 2022. "Does corporate governance affect financial analysts’ stock recommendations, target prices accuracy and earnings forecast characteristics? An empirical investigation of US companies," Empirical Economics, Springer, vol. 63(4), pages 2125-2171, October.
    28. Chen, Li-Yu & Lai, Jung-Ho & Chen, Carl R., 2015. "Multiple directorships and the performance of mergers & acquisitions," The North American Journal of Economics and Finance, Elsevier, vol. 33(C), pages 178-198.
    29. Deloof, Marc & Vermoesen, Veronique, 2016. "The value of corporate boards during the Great Depression in Belgium," Explorations in Economic History, Elsevier, vol. 62(C), pages 108-123.
    30. Larcker, David F. & So, Eric C. & Wang, Charles C.Y., 2013. "Boardroom centrality and firm performance," Journal of Accounting and Economics, Elsevier, vol. 55(2), pages 225-250.
    31. Ines Maraghni & Mehdi Nekhili, 2017. "Audit committee characteristics and audit fees: Evidence from France [Caractéristiques du comité d’audit et honoraires d’audit : cas des entreprises françaises]," Post-Print hal-01907594, HAL.
    32. Claudio Loderer & Urs Waelchli, 2010. "Protecting Minority Shareholders: Listed versus Unlisted Firms," Financial Management, Financial Management Association International, vol. 39(1), pages 33-57, March.
    33. Chalevas, Constantinos G., 2011. "The Effect of the Mandatory Adoption of Corporate Governance Mechanisms on Executive Compensation," The International Journal of Accounting, Elsevier, vol. 46(2), pages 138-174, June.
    34. David UMORU & Micah ELUJEKOR, 2017. "Corporate Management And Banking Industry In Nigeria: Empirical Consideration," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 2(4), pages 172-179.
    35. ROMMENS, An & CUYVERS, Ludo & DELOOF, Marc, 2007. "Interlocking directorates and business groups: Belgian evidence," Working Papers 2007023, University of Antwerp, Faculty of Business and Economics.
    36. Andy Cosh & Paul Guest & Alan Hughes, 2007. "UK Corporate Governance and Takeover Performance," Working Papers wp357, Centre for Business Research, University of Cambridge.
    37. Geeta Duppati & Albert Sune & Navajyoti Samanta, 2017. "Corporate governance, research and development volatility and firm performance - Evidence from Spain and Ireland," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1317117-131, January.
    38. Khaled Elsayed, 2011. "Board size and corporate performance: the missing role of board leadership structure," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 15(3), pages 415-446, August.
    39. Larcker, David F. & So, Eric C. & Wang, Charles C. Y., 2010. "Boardroom Centrality and Stock Returns," Research Papers 2061, Stanford University, Graduate School of Business.
    40. Bennedsen, Morten & Kongsted, Hans Christian & Nielsen, Kasper Meisner, 2008. "The causal effect of board size in the performance of small and medium-sized firms," Journal of Banking & Finance, Elsevier, vol. 32(6), pages 1098-1109, June.
    41. Mosammet Asma Jahan & Martien Lubberink & Karen Van Peursem, 2021. "Does prestigious board membership matter? Evidence from New Zealand," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(1), pages 977-1015, March.
    42. Ooi, Elizabeth, 2020. "Directors who serve multiple pension funds: Are they conflicted or skilled?," Journal of Banking & Finance, Elsevier, vol. 113(C).
    43. Zsolt Lakatos, 2020. "Do larger boards improve shareholder value creation? – Effects of the board size on business performance in Eastern Central Europe," Society and Economy, Akadémiai Kiadó, Hungary, vol. 42(3), pages 245-279, September.
    44. Volonté, Christophe, 2015. "Boards: Independent and committed directors?," International Review of Law and Economics, Elsevier, vol. 41(C), pages 25-37.
    45. Pombo, Carlos & Gutiérrez, Luis H., 2011. "Outside directors, board interlocks and firm performance: Empirical evidence from Colombian business groups," Journal of Economics and Business, Elsevier, vol. 63(4), pages 251-277, July.
    46. Catarina Fernandes & Jorge Farinha & Francisco Vitorino Martins & Cesario Mateus, 2017. "Supervisory boards, financial crisis and bank performance: do board characteristics matter?," Journal of Banking Regulation, Palgrave Macmillan, vol. 18(4), pages 310-337, November.
    47. Ferris, Stephen P. & Jayaraman, Narayanan & Liao, Min-Yu (Stella), 2020. "Better directors or distracted directors? An international analysis of busy boards," Global Finance Journal, Elsevier, vol. 44(C).
    48. Manika Kohli, 2018. "Impact of Ownership Type and Board Characteristics on the Pay–Performance Relationship: Evidence from India," Indian Journal of Corporate Governance, , vol. 11(1), pages 1-34, June.
    49. Sheeba Kapil & Rakesh K Mishra, 2019. "Corporate Governance structure and firm performance in Indian context: A Structural Equation Modelling Approach," Working Papers 1937, Indian Institute of Foreign Trade.
    50. Benjamin Kumai Gugong & Love O. Arugu & Kabiru Isa Dandago, 2014. "The Impact of Ownership Structure on the Financial Performance of Listed Insurance Firms in Nigeria," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 4(1), pages 409-416, January.
    51. Bakke, Tor-Erik & Black, Jeffrey R. & Mahmudi, Hamed & Linn, Scott C., 2024. "Director networks and firm value," Journal of Corporate Finance, Elsevier, vol. 85(C).
    52. Jonathan A. Christy & Zoltan P. Matolcsy & Anna Wright & Anne Wyatt, 2013. "Do Board Characteristics Influence the Shareholders' Assessment of Risk for Small and Large Firms?," Abacus, Accounting Foundation, University of Sydney, vol. 49(2), pages 161-196, June.
    53. Maria Rosa Battaggion & Vittoria Cerasi, 2021. "It takes two to tango: Interlockings and Partial Equity Ownership," Working Papers 475, University of Milano-Bicocca, Department of Economics, revised Jul 2021.
    54. Hauser, Roie, 2018. "Busy directors and firm performance: Evidence from mergers," Journal of Financial Economics, Elsevier, vol. 128(1), pages 16-37.
    55. Zorica Kalezić, 2012. "Corporate governance and firm performance with special reference to the banking system: empirical evidence from Monetengro," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 1(2), pages 19-54.
    56. Achleitner, Ann-Kristin & Betzer, André & Gider, Jasmin, 2008. "Do corporate governance motives drive hedge funds and private equity activities?," CEFS Working Paper Series 2008-11, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS).
    57. DELOOF, Marc & VERMOESEN, Veronique, 2011. "The value of bank relationships: Evidence from Belgium at the start of the Great Depression," Working Papers 2011021, University of Antwerp, Faculty of Business and Economics.
    58. Premepeh, kwadwo Boateng & Odartei-Mills, Eugene, 2015. "Corporate governance structure and shareholder wealth maximisation," MPRA Paper 68087, University Library of Munich, Germany.
    59. Amin, Md Ruhul & Mazumder, Sharif & Aktas, Elvan, 2023. "Busy board and corporate debt maturity structure," Global Finance Journal, Elsevier, vol. 58(C).
    60. Battaggion, Maria Rosa & Cerasi, Vittoria, 2020. "Strategic interlocking directorates," Journal of Economic Behavior & Organization, Elsevier, vol. 178(C), pages 85-101.
    61. Lerong He & Rong Yang, 2014. "Does Industry Regulation Matter? New Evidence on Audit Committees and Earnings Management," Journal of Business Ethics, Springer, vol. 123(4), pages 573-589, September.
    62. Mete KARAYEL & Mesut DOGAN, 2016. "Board Composition and Firm Performance: Evidence from BIST 100 Companies in Turkey," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 33-40.
    63. Szymon Kaczmarek & Satomi Kimino & Annie Pye, 2014. "Interlocking directorships and firm performance in highly regulated sectors: the moderating impact of board diversity," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 18(2), pages 347-372, May.

  7. Peyer, Urs C. & Shivdasani, Anil, 2001. "Leverage and internal capital markets: evidence from leveraged recapitalizations," Journal of Financial Economics, Elsevier, vol. 59(3), pages 477-515, March.

    Cited by:

    1. Bassam Fattouh & Laurence Harris & Pasquale Scaramozzino, 2008. "Non-linearity in the determinants of capital structure: evidence from UK firms," Empirical Economics, Springer, vol. 34(3), pages 417-438, June.
    2. Ljungqvist, Alexander & Chen, Donghua & Lu, Haitian & Jiang, Dequan & Zhou, Mingming, 2015. "State Capitalism vs. Private Enterprise," CEPR Discussion Papers 10423, C.E.P.R. Discussion Papers.
    3. Bernini, Michele & Guillou, Sarah & Bellone, Flora, 2015. "Financial leverage and export quality: Evidence from France," Journal of Banking & Finance, Elsevier, vol. 59(C), pages 280-296.
    4. Alderson, Michael J. & Betker, Brian L., 2006. "The specification and power of tests to detect abnormal changes in corporate investment," Journal of Corporate Finance, Elsevier, vol. 12(4), pages 738-760, September.
    5. Andrén, Niclas & Jankensgård, Håkan, 2015. "Wall of cash: The investment-cash flow sensitivity when capital becomes abundant," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 204-213.
    6. Hovakimian, Gayané, 2011. "Financial constraints and investment efficiency: Internal capital allocation across the business cycle," Journal of Financial Intermediation, Elsevier, vol. 20(2), pages 264-283, April.
    7. Jaideep Shenoy, 2021. "Firm vertical boundaries, internal capital markets, and firm performance," European Financial Management, European Financial Management Association, vol. 27(1), pages 59-97, January.
    8. Christophe Moussu & Steve Ohana, 2016. "Do Leveraged Firms Underinvest in Corporate Social Responsibility? Evidence from Health and Safety Programs in U.S. Firms," Journal of Business Ethics, Springer, vol. 135(4), pages 715-729, June.
    9. Manohar Singh & Sheri Faircloth, 2005. "The impact of corporate debt on long term investment and firm performance," Applied Economics, Taylor & Francis Journals, vol. 37(8), pages 875-883.
    10. William Ruland & Ping Zhou, 2005. "Debt, Diversification, and Valuation," Review of Quantitative Finance and Accounting, Springer, vol. 25(3), pages 277-291, November.
    11. Almeida, Heitor & Campello, Murillo & Weisbach, Michael S., 2011. "Corporate financial and investment policies when future financing is not frictionless," Journal of Corporate Finance, Elsevier, vol. 17(3), pages 675-693, June.
    12. Venkat Kuppuswamy & Belén Villalonga, 2016. "Does Diversification Create Value in the Presence of External Financing Constraints? Evidence from the 2007–2009 Financial Crisis," Management Science, INFORMS, vol. 62(4), pages 905-923, April.
    13. Cline, Brandon N. & Garner, Jacqueline L. & Yore, Adam S., 2014. "Exploitation of the internal capital market and the avoidance of outside monitoring," Journal of Corporate Finance, Elsevier, vol. 25(C), pages 234-250.
    14. David A. Matsa, 2011. "Running on Empty? Financial Leverage and Product Quality in the Supermarket Industry," American Economic Journal: Microeconomics, American Economic Association, vol. 3(1), pages 137-173, February.
    15. Antonios Rovolis & Konstantinos Liapis & Stella Spilioti, 2014. "A Capital Structure Financial Analysis and Unmeasured Effect of each Countries Regime: the Real Estate Companies (REITS)," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 57-71.
    16. Alderson, Michael J. & Betker, Brian L., 2009. "Were internal capital markets affected by the 'perfect' pension storm?," Journal of Corporate Finance, Elsevier, vol. 15(2), pages 257-271, April.
    17. Jiang, Wei & Zeng, Yeqin, 2014. "State ownership, bank loans, and corporate investment," International Review of Economics & Finance, Elsevier, vol. 32(C), pages 92-116.
    18. Shan Ge, 2022. "How Do Financial Constraints Affect Product Pricing? Evidence from Weather and Life Insurance Premiums," Journal of Finance, American Finance Association, vol. 77(1), pages 449-503, February.
    19. Mirela Nichita & Carmen Turlea, 2015. "Approach Regarding a Framework for Risk Reporting in Order to Enhance the Related Good Practices," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(40), pages 1108-1108, August.
    20. Dalci, Ilhan & Ozyapici, Hasan, 2018. "Working capital management policy in health care: The effect of leverage," Health Policy, Elsevier, vol. 122(11), pages 1266-1272.
    21. Wu, Zhanchi & Fan, Xiangjun & Zhu, Bangzhu & Xia, Jiahui & Zhang, Lin & Wang, Ping, 2022. "Do government subsidies improve innovation investment for new energy firms: A quasi-natural experiment of China's listed companies," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    22. Teresa A. Dickler & Timothy B. Folta, 2020. "Identifying internal markets for resource redeployment," Strategic Management Journal, Wiley Blackwell, vol. 41(13), pages 2341-2371, December.
    23. Javier Sánchez Vidal, 2009. "No linealidad de la relación entre la estructura de capital y sus determinantes," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 8, pages 1-22, June.
    24. Guenther, Miriam & Guenther, Peter, 2021. "The complex firm financial effects of customer satisfaction improvements," International Journal of Research in Marketing, Elsevier, vol. 38(3), pages 639-662.
    25. Lou, Zhukun & Zhu, Mingyang, 2021. "Decision rights allocation and innovation: Evidence from China's listed business groups," Finance Research Letters, Elsevier, vol. 39(C).
    26. Aktham Maghyereh, 2005. "Dynamic Capital Structure: Evidence From The Small Developing Country Of Jordan," IIUM Journal of Economics and Management, IIUM Journal of Economis and Management, vol. 13(1), pages 1-32, June.
    27. Waisman, Maya, 2013. "Product market competition and the cost of bank loans: Evidence from state antitakeover laws," Journal of Banking & Finance, Elsevier, vol. 37(12), pages 4721-4737.
    28. Ahn, Seoungpil & Denis, David J. & Denis, Diane K., 2006. "Leverage and investment in diversified firms," Journal of Financial Economics, Elsevier, vol. 79(2), pages 317-337, February.
    29. Stein, Jeremy C., 2003. "Agency, information and corporate investment," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, edition 1, volume 1, chapter 2, pages 111-165, Elsevier.

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