Vui lòng dùng định danh này để trích dẫn hoặc liên kết đến tài liệu này:
http://thuvienso.vanlanguni.edu.vn/handle/Vanlang_TV/21284
Toàn bộ biểu ghi siêu dữ liệu
Trường DC | Giá trị | Ngôn ngữ |
---|---|---|
dc.contributor.author | Huang, Sterling | - |
dc.contributor.author | Hilary, Gilles | - |
dc.date.accessioned | 2020-08-20T03:08:38Z | - |
dc.date.available | 2020-08-20T03:08:38Z | - |
dc.date.issued | 2018 | - |
dc.identifier.issn | 1475-679X | - |
dc.identifier.other | BBKH1918 | - |
dc.identifier.uri | http://thuvienso.vanlanguni.edu.vn/handle/Vanlang_TV/21284 | - |
dc.description | 51 tr. ; 1324 kb; Journal of Accounting Research 2018 | vi |
dc.description.abstract | "We show that board tenure exhibits an inverted U-shaped relation with firm value and accounting performance. The quality of corporate decisions, such as M&A, financial reporting quality, and CEO compensation, also has a quadratic relation with board tenure. Our results are consistent with the interpretation that directors‟ on-the-job learning improves firm value up to a threshold, at which point entrenchment dominates and firm performance suffers. To address endogeneity concerns, we use a sample of firms in which an outside director suffered a sudden death, and find that sudden deaths that move board tenure away from (toward) the empirically observed optimum level in the cross-section are associated with negative (positive) announcement returns. The quality of corporate decisions also follows an inverted U-shaped pattern in a sample of firms affected by the death of a director" | vi |
dc.language.iso | en | vi |
dc.publisher | University of Chicago | vi |
dc.subject | Board Tenure | vi |
dc.subject | Firm Value | vi |
dc.subject | Corporate Policies | vi |
dc.subject | Learning | vi |
dc.subject | Entrenchment | vi |
dc.title | Zombie Board: Board Tenure and Firm Performance | vi |
dc.type | Other | vi |
Bộ sưu tập: | Bài báo_lưu trữ |
Các tập tin trong tài liệu này:
Tập tin | Mô tả | Kích thước | Định dạng | |
---|---|---|---|---|
BBKH1918_Zombie Board Board Tenure and Firm Performance.pdf Giới hạn truy cập | Zombie Board: Board Tenure and Firm Performance | 1.32 MB | Adobe PDF | Xem/Tải về Yêu cầu tài liệu |
Khi sử dụng các tài liệu trong Thư viện số phải tuân thủ Luật bản quyền.