create a website

Board Connections and Dividend Policy. (2023). Azeem, Muhammad ; Farooq, Kambar ; An, Junru ; Chui, Chin Man.
In: Abacus.
RePEc:bla:abacus:v:59:y:2023:i:4:p:983-1040.

Full description at Econpapers || Download paper

Cited: 0

Citations received by this document

Cites: 122

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

    This document has not been cited yet.

References

References cited by this document

  1. Adams, R. B. and D. Ferreira (2007), ‘A Theory of Friendly Boards’, Journal of Finance, Vol. 62, No. 1, pp. 217–50.

  2. Adhikari, B. K. and A. Agrawal (2018), ‘Peer Influence on Payout Policies’, Journal of Corporate Finance, Vol. 48, pp. 615–37.

  3. Almeida, H. and M. Campello (2007), ‘Financial Constraints, Asset Tangibility, and Corporate Investment’, Review of Financial Studies, Vol. 10, No. 5, pp. 1429–60.

  4. Amin, A., C. Lamia, S. Kamal, M. Malik, and Y. Zhao (2020), ‘It's Who You Know That Counts: Board Connectedness and CSR Performance’, Journal of Corporate Finance, Vol. 64, No. 2, doi: https://doi.org/10.1016/j.jcorpfin.2020.101662.

  5. Andres, C., I. van den Bongard, and M. Lehmann (2013), ‘Is Busy Really Busy? Board Governance Revisited’, Journal of Business Finance & Accounting, Vol. 40, Nos 9–10, pp. 1221–46.

  6. Atanassov, J. and A. J. Mandell (2018), ‘Corporate Governance and Dividend Policy: Evidence of Tunneling from Master Limited Partnerships’, Journal of Corporate Finance, Vol. 53, pp. 106–32.

  7. Attig, N., S. El Ghoul, O. Guedhami, and X. Zheng (2021), ‘Dividends and Economic Policy Uncertainty: International Evidence’, Journal of Corporate Finance, Vol 66, doi: https://doi.org/10.1016/j.jcorpfin.2020.101785.

  8. Bae, K., S. El Ghoul, O. Guedhami, and X. Zheng (2021), ‘Board Reforms and Dividend Policy: International Evidence’, Journal of Financial and Quantitative Analysis, Vol. 56, No. 4, pp. 1296–320.

  9. Balachandran, B., A. Khan, P. Mather, and M. Theobald (2019), ‘Insider Ownership and Dividend Policy in an Imputation Tax Environment’, Journal of Corporate Finance, Vol. 54, pp. 153–67.

  10. Banyi, M. L. and K. M. Kahle (2014), ‘Declining Propensity to Pay? A Re‐examination of the Lifecycle Theory’, Journal of Corporate Finance, Vol. 27, pp. 345–66.

  11. Barzuza, M. and Q. Curtis (2017), ‘Board Interlocks and Outside Directors’ Protection’, Journal of Legal Studies, Vol. 46, No. 1, pp. 129–60.

  12. Bates, T. W., K. M. Kahle, and R. M. Stulz (2009), ‘Why Do U.S. Firms Hold So Much More Cash Than They Used To?’, Journal of Finance, Vol. 64, No. 5, pp. 1985–2021.

  13. Bathala, C. T., K. P. Moon, and R. P. Rao (1994), ‘Managerial Ownership, Debt Policy, and the Impact of Institutional Holdings: An Agency Perspective’, Financial Management, Vol. 23, No. 3, pp. 38–50.

  14. Baumol, W. J. (1959), Business Behavior, Value and Growth, The Macmillan Company, London.
    Paper not yet in RePEc: Add citation now
  15. Beckman, C. M. and P. R. Haunschild (2002), ‘Network Learning: The Effects of Partners’ Heterogeneity of Experience on Corporate Acquisitions’, Administrative Science Quarterly, Vol. 47, No. 1, pp. 92–124.
    Paper not yet in RePEc: Add citation now
  16. Bertrand, M. and A. Schoar (2003), ‘Managing with Style: The Effect of Managers on Firm Policies’, Quarterly Journal of Economics, Vol. 118, No. 4, pp. 1169–208.

  17. Bizjak, J., M. Lemmon, and R. Whitby (2009), ‘Option Backdating and Board Interlocks’, Review of Financial Studies, Vol. 22, No. 11, pp. 4821–47.

  18. Boivie, S., M. K. Bednar, and S. B. Barker (2012), ‘Social Comparison and Reciprocity in Director Compensation’, Journal of Management, Vol. 41, No. 6, pp. 1578–603.
    Paper not yet in RePEc: Add citation now
  19. Bonacich, P. (1991), ‘Simultaneous Group and Individual Centralities’, Social Networks, Vol. 13, No. 2, pp. 155–68.
    Paper not yet in RePEc: Add citation now
  20. Bouwman, C. H. (2011), ‘Corporate Governance Propagation Through Overlapping Directors’, Review of Financial Studies, Vol. 24, No. 7, pp. 2358–94.

  21. Brav, A., J. R. Graham, C. R. Harvey, and R. Michaely (2005), ‘Payout Policy in the 21st Century’, Journal of Financial Economics, Vol. 77, No. 3, pp. 483–527.

  22. Brockman, P. and E. Unlu (2009), ‘Dividend Policy, Creditor Rights, and the Agency Costs of Debt’, Journal of Financial Economics, Vol. 92, No. 2, pp. 276–99.

  23. Brous, P. A. and O. Kini (1994), ‘The Valuation Effects of Equity Issues and the Level of Institutional Ownership: Evidence From Analysts’ Earnings Forecasts’, Financial Management, Vol. 23, No. 1, pp. 33–46.
    Paper not yet in RePEc: Add citation now
  24. Brown, J. L. and K. D. Drake (2014), ‘Network Ties Among Low‐tax Firms’, The Accounting Review, Vol. 89, No. 2, pp. 483–510.
    Paper not yet in RePEc: Add citation now
  25. Bruynseels, L. and E. Cardinaels (2014), ‘The Audit Committee: Management Watchdog or Personal Friend of the CEO?’, The Accounting Review, Vol. 89, No. 1, pp. 113–45.

  26. Bushway, S., B. D. Johnson, and L. A. Slocum (2007), ‘Is The Magic Still There? The Use of the Heckman Two‐step Correction for Selection Bias in Criminology’, Journal of Quantitative Criminology, Vol. 23, No. 2, pp. 151–78.
    Paper not yet in RePEc: Add citation now
  27. Cai, Y. and M. Sevilir (2012), ‘Board Connections and M&A Transactions’, Journal of Financial Economics, Vol. 103, No. 2, pp. 327–49.
    Paper not yet in RePEc: Add citation now
  28. Caliskan, D. and J. A. Doukas (2015), ‘CEO Risk Preferences and Dividend Policy Decisions’, Journal of Corporate Finance, Vol. 35, pp. 18–42.

  29. Campbell, J. Y., M. Lettau, B. G. Malkiel, and Y. Xu (2001), ‘Have Individual Stocks Become More Volatile? An Empirical Exploration of Idiosyncratic Risk’, Journal of Finance, Vol. 56, No. 1, pp. 1–43.

  30. Chan, K. and A. Hameed (2006), ‘Stock Price Synchronicity and Analyst Coverage in Emerging Markets’, Journal of Financial Economics, Vol. 80, No. 1, pp. 115–47.

  31. Chay, J. B. and J. Suh (2009), ‘Payout Policy and Cash‐flow Uncertainty’, Journal of Financial Economics, Vol. 93, No. 1, pp. 88–107.
    Paper not yet in RePEc: Add citation now
  32. Cheung, A. (Waikong), M. Hu, and J. Schwiebert (2018), ‘Corporate Social Responsibility and Dividend Policy’, Accounting and Finance, Vol. 58, No. 3, pp. 787–816.

  33. Cohen, L., A. Frazzini, and C. Malloy (2010), ‘Sell‐side School Ties’, Journal of Finance, Vol. 65, No. 4, pp. 1409–37.
    Paper not yet in RePEc: Add citation now
  34. Core, J. E., R. W. Holthausen, and D. F. Larcker (1999), ‘Corporate Governance, Chief Executive Officer Compensation, and Firm Performance’, Journal of Financial Economics, Vol. 51, No. 3, pp. 371–406.
    Paper not yet in RePEc: Add citation now
  35. Dass, N., O. Kini, V. Nanda, B. Onal, and J. Wang (2014), ‘Board Expertise: Do Directors from Related Industries Help Bridge the Information Gap?’, Review of Financial Studies, Vol. 27, No. 5, pp. 1533–92.

  36. Davis, G. F. (1996), ‘The Significance of Board Interlocks for Corporate Governance’, Corporate Governance: An International Review, Vol. 4, No. 3, pp. 154–59.

  37. DeAngelo, H., L. DeAngelo, and R. M. Stulz (2006), ‘Dividend Policy and the Earned/Contributed Capital Mix: A Test of the Life‐cycle Theory’, Journal of Financial Economics, Vol. 81, No. 2, pp. 227–54.

  38. Denis, D. J., and I. Osobov (2008), ‘Why Do Firms Pay Dividends? International Evidence on the Determinants of Dividend Policy’, Journal of Financial Economics, Vol. 89, No. 1, pp. 62–82.
    Paper not yet in RePEc: Add citation now
  39. Easterbrook, F. H. (1984), ‘Two Agency‐cost Explanations of Dividends’, American Economic Review, Vol. 74, No. 4, pp. 650–59.

  40. Eisenberg, T., S. Sundgren, and M. T. Wells (1998), ‘Larger Board Size and Decreasing Firm Value in Small Firms’, Journal of Financial Economics, Vol. 48, No. 1, pp. 35–54.
    Paper not yet in RePEc: Add citation now
  41. Fama, E. F. (1980), ‘Agency Problems and the Theory of the Firm’, Journal of Political Economy, Vol. 88, No. 2, pp. 288–307.
    Paper not yet in RePEc: Add citation now
  42. Fama, E. F. and K. R. French (2001), ‘Disappearing Dividends: Changing Firm Characteristics or Lower Propensity to Pay?’, Journal of Financial Economics, Vol. 60, No. 1, pp. 3–43.

  43. Fama, E. F. and M. C. Jensen (1983), ‘Separation of Ownership and Control’, Journal of Law & Economics, Vol. 26, No. 2, pp. 301–25.

  44. Ferris, S. P., M. Jagannathan, and A. C. Pritchard (2003), ‘Too Busy to Mind the Business? Monitoring by Directors with Multiple Board Appointments’, Journal of Finance, Vol. 58, No. 3, pp. 1087–112.

  45. Fich, E. and A. Shivdasani (2006), ‘Are Busy Boards Effective Monitors?’, Journal of Finance, Vol. 61, No. 2, pp. 689–724.

  46. Fich, E. and L. F. White (2005), ‘CEO Compensation and Turnover: The Effects of Mutually Interlocked Boards’, Wake Forest Law Review, Vol. 38, No. 3, pp. 935–59.
    Paper not yet in RePEc: Add citation now
  47. Floyd, E., N. Li, and D. J. Skinner (2015), ‘Payout Policy Through the Financial Crisis: The Growth of Repurchases and the Resilience of Dividends’, Journal of Financial Economics, Vol. 118, No. 2, pp. 299–316.

  48. Fluck, Z. (1999), ‘The Dynamics of the Management–Shareholder Conflict’, Review of Financial Studies, Vol. 12, No. 2, pp. 379–404.

  49. Fracassi, C. (2012), ‘Corporate Finance Policies and Social Networks’, Management Science, Vol. 63, No. 8, pp. 2397–771.
    Paper not yet in RePEc: Add citation now
  50. García‐Sánchez, I. M. and E. García‐Meca (2018), ‘Do Talented Managers Invest More Efficiently? The Moderating Role of Corporate Governance Mechanisms’, Corporate Governance: An International Review, Vol. 26, No. 4, pp. 238–54.
    Paper not yet in RePEc: Add citation now
  51. Gilson, S. C., P. M. Healy, C. F. Noe, and K. G. Palepu (2001), ‘Analyst Specialization and Conglomerate Stock Breakups’, Journal of Accounting Research, Vol. 39, No. 3, pp. 565–82.

  52. Gompers, P., J. Ishii, and A. Metrick (2003), ‘Corporate Governance and Equity Prices’, Quarterly Journal of Economics, Vol. 118, No. 1, pp. 107–55.

  53. Greene, W. H. (2004), ‘The Behaviour of the Maximum Likelihood Estimator of Limited Dependent Variable Models in the Presence of Fixed Effects’, The Econometrics Journal, Vol. 7, No. 1, pp. 98–119.

  54. Greene, W. H. (2012), Econometric Analysis, 7th edition, Pearson Education.
    Paper not yet in RePEc: Add citation now
  55. Grinstein, Y. and R. Michaely (2005), ‘Institutional Holdings and Payout Policy’, Journal of Finance, Vol. 60, No. 3, pp. 1389–426.

  56. Grullon, G., R. Michaely, and B. Swaminathan (2002), ‘Are Dividend Changes a Sign of Firm Maturity?’, Journal of Business, Vol. 75, No. 3, pp. 387–424.

  57. Guttman, I., O. Kadan, and E. Kandel (2010), ‘Dividend Stickiness and Strategic Pooling’, Review of Financial Studies, Vol. 23, No. 12, pp. 4455–95.

  58. Habib, M. A., D. B. Johnsen, and N. Y. Naik (1997), ‘Spinoffs and Information’, Journal of Financial Intermediation, Vol. 6, No. 2, pp. 153–76.

  59. Hallock, K. F. (1997), ‘Reciprocally Interlocking Boards of Directors and Executive Compensation’, Journal of Financial and Quantitative Analysis, Vol. 32, No. 3, pp. 331–44.

  60. Hansen, R. S., R. Kumar, and D. K. Shome (1994), ‘Dividend Policy and Corporate Monitoring: Evidence from the Regulated Electric Utility Industry’, Financial Management, Vol. 23, No. 1, pp. 16–22.

  61. Hasan, M. M. and A. Cheung (2018), ‘Organization Capital and Firm Life Cycle’, Journal of Corporate Finance, Vol. 48, pp. 556–78.

  62. Haunschild, P. R. and C. M. Beckman (1998), ‘When Do Interlocks Matter? Alternate Sources of Information and Interlock Influence’, Administrative Science Quarterly, Vol. 43, No. 4, pp. 815–44.
    Paper not yet in RePEc: Add citation now
  63. Healy, P. M. and K. G. Palepu (1988), ‘Earnings Information Conveyed by Dividend Initiations and Omissions’, Journal of Financial Economics, Vol. 21, No. 2, pp. 149–75.

  64. Heckman, J. J. (1976), ‘The Common Structure of Statistical Models of Truncation, Sample Selection and Limited Dependent Variables and a Simple Estimator for Such Models’, Annals of Economic and Social Measurement, Vol. 5, No. 4, pp. 475–92.

  65. Heckman, J. J. (1979), ‘Sample Selection Bias as a Specification Error’, Econometrica, Vol. 47, No. 1, pp. 153–61.

  66. Higgins, R. S. (1972), ‘Microeconomic Foundations of Investment and Stock‐flow Analysis’, Economic Inquiry, Vol. 10, No. 1, pp. 19–32.
    Paper not yet in RePEc: Add citation now
  67. Hoberg, G. and N. R. Prabhala (2009), ‘Disappearing Dividends, Catering, and Risk’, Review of Financial Studies, Vol. 22, No. 1, pp. 79–116.
    Paper not yet in RePEc: Add citation now
  68. Hochberg, Y. V., A. Ljungqvist, and Y. Lu (2007), ‘Whom You Know Matters: Venture Capital Networks and Investment Performance’, Journal of Finance, Vol. 62, No. 1, pp. 251–301.

  69. Holder, M. E., F. W. Langrehr, and J. L. Hexter (1998), ‘Dividend Policy Determinants: An Investigation of the Influences of Stakeholder Theory’, Financial Management, Vol. 27, No. 3, pp. 73–82.
    Paper not yet in RePEc: Add citation now
  70. Hu, A. and P. Kumar (2004), ‘Managerial Entrenchment and Payout Policy’, Journal of Financial and Quantitative Analysis, Vol. 39, No. 4, pp. 759–90.

  71. Hwang, B. H. and S. Kim (2009), ‘It Pays to Have Friends’, Journal of Financial Economics, Vol. 93, No. 1, pp. 138–58.

  72. Intintoli, V. J., K. M. Kahle, and W. Zhao (2018), ‘Director Connectedness: Monitoring Efficacy and Career Prospects’, Journal of Financial and Quantitative Analysis, Vol. 53, No. 1, pp. 65–108.

  73. Jagannathan, M., C. P. Stephens, and M. S. Weisbach (2000), ‘Financial Flexibility and the Choice Between Dividends and Stock Repurchases’, Journal of Financial Economics, Vol. 57, No. 3, pp. 355–84.

  74. Jebran, K., S. Chen, and D. H. Zhu (2019), ‘Board Informal Hierarchy and Stock Price Crash Risk: Theory and Evidence From China’, Corporate Governance: An International Review, Vol. 27, No. 5, pp. 341–57.
    Paper not yet in RePEc: Add citation now
  75. Jensen, M. C. (1986), ‘Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers’, American Economic Review, Vol. 76, No. 2, pp. 11–6.

  76. Jensen, M. C. (1993), ‘The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems’, Journal of Finance, Vol. 48, No. 3, pp. 831–80.

  77. Jensen, M. C. and W. H. Meckling (1976), ‘Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure’, Journal of Financial Economics, Vol. 3, No. 4, pp. 305–60.
    Paper not yet in RePEc: Add citation now
  78. Jiang, X. and Q. Yuan (2018), ‘Institutional Investors’ Corporate Site Visits and Corporate Innovation’, Journal of Corporate Finance, Vol. 48, pp. 148–68.

  79. Jiraporn, P. and S. M. Lee (2018), ‘Do Co‐opted Directors Influence Dividend Policy?’, Financial Management, Vol. 47, No. 2, pp. 349–81.
    Paper not yet in RePEc: Add citation now
  80. Jiraporn, P., J. C. Kim, and Y. S. Kim (2011), ‘Dividend Payouts and Corporate Governance Quality: An Empirical Investigation’, Financial Review, Vol. 46, No. 2, pp. 251–79.

  81. Jiraporn, P., W. N. Davidson, P. DaDalt, and Y. Ning (2009), ‘Too Busy to Show Up? An Analysis of Directors’ Absences’, Quarterly Review of Economics and Finance, Vol. 49, No. 3, pp. 1159–71.

  82. John, K. and J. Williams (1985), ‘Dividends, Dilution, and Taxes: A Signalling Equilibrium’, Journal of Finance, Vol. 40, No. 4, pp. 1053–70.

  83. Johnson, J. L., C. M. Daily, and A. E. Ellstrand (1996), ‘Boards of Directors: A Review and Research Agenda’, Journal of Management, Vol. 22, No. 3, pp. 409–38.
    Paper not yet in RePEc: Add citation now
  84. Koenig, T. and R. Gogel (1981), ‘Interlocking Corporate Directorships as a Social Network’, American Journal of Economics and Sociology, Vol. 40, No. 1, pp. 37–50.

  85. La Porta, R., F. Lopez‐De‐Silanes, A. Shleifer, and R. W. Vishny (2000), ‘Agency Problems and Dividend Policies Around the World’, Journal of Finance, Vol. 55, No. 1, pp. 1–33.

  86. Larcker, D. F. and B. Tayan (2010), Director Networks: Good for the Director, Good for Shareholders, Rock Center for Corporate Governance at Stanford University Closer Look Series Topic, retrieved from http://ssrn.com/abstract=1678065.
    Paper not yet in RePEc: Add citation now
  87. Larcker, D. F., E. C. So, and C. Y. Wang (2013), ‘Boardroom Centrality and Firm Performance’, Journal of Accounting and Economics, Vol. 55, Nos 2–3, pp. 225–50.

  88. Leary, M. T. and R. Michaely (2011), ‘Determinants of Dividend Smoothing: Empirical Evidence’, Review of Financial Studies, Vol. 24, No. 10, pp. 3197–249.

  89. Lennox, C. S., J. R. Francis, and Z. Wang (2012), ‘Selection Models in Accounting Research’, The Accounting Review, Vol. 87, No. 2, pp. 589–616.
    Paper not yet in RePEc: Add citation now
  90. Li, K. and N. R. Prabhala (2007), ‘Self‐Selection Models in Corporate Finance’, in Espen Eckbo, B. (Ed.), Handbook of Empirical Corporate Finance, Vol. 1, Elsevier, pp. 37–86.
    Paper not yet in RePEc: Add citation now
  91. Li, M. and H. Roberts (2016), Director Cronyism and CEO Pay in New Zealand, Conference presentation at the 29th Australasian Finance and Banking Conference 2016, Sydney, Australia, The University of New South Wales, 14–16 December.
    Paper not yet in RePEc: Add citation now
  92. Lintner, J. (1956), ‘Distribution of Incomes of Corporations Among Dividends, Retained Earnings, and Taxes’, American Economic Review, Vol. 46, No. 2, pp. 97–113.
    Paper not yet in RePEc: Add citation now
  93. Masulis, R. W. and S. Mobbs (2014), ‘Independent Director Incentives: Where Do Talented Directors Spend Their Limited Time and Energy’, Journal of Financial Economics, Vol. 111, No. 2, pp. 406–29.

  94. Miller, M. H. and F. Modigliani (1961), ‘Dividend Policy, Growth, and the Valuation of Shares’, Journal of Business, Vol. 34, No. 4, pp. 411–33.
    Paper not yet in RePEc: Add citation now
  95. Min, Y. and A. Agresti (2002), ‘Modeling Nonnegative Data with Clumping at Zero : A Survey Models for Semicontinuous Data’, Journal of Iranian Statistical Society, Vol. 1, No. 1, pp. 7–33.
    Paper not yet in RePEc: Add citation now
  96. Mizruchi, M. S. (1996), ‘What Do Interlocks Do? An Analysis, Critique, and Assessment of Research on Interlocking Directorates’, Annual Review of Sociology, Vol. 22, pp. 271–98.
    Paper not yet in RePEc: Add citation now
  97. Mol, M. J. (2011), ‘Creating Wealth Through Working with Others: Interorganizational Relationships’, Academy of Management Executive, Vol. 15, No. 1, pp. 150–52.
    Paper not yet in RePEc: Add citation now
  98. Newman, M. (2010), Networks: An Introduction, Oxford University Press, Oxford.
    Paper not yet in RePEc: Add citation now
  99. Nicholson, G. J., M. Alexander, and G. C. Kiel (2004), ‘Defining the Social Capital of the Board of Directors: An Exploratory Study’, Journal of Management and Organization, Vol. 10, No. 1, pp. 54–72.

  100. Omer, T. C., M. K. Shelley, and F. M. Tice (2014), ‘Do Well‐connected Directors Improve Firm Performance?’, Journal of Applied Finance, Vol. 24, No. 2, pp. 17–32.
    Paper not yet in RePEc: Add citation now
  101. Pennings, J. M. (1980), Interlocking Directorates: Origins and Consequences of Connections Among Organizations' Board of Directors Business Behaviour, Value and Growth, Jossey‐Bass.
    Paper not yet in RePEc: Add citation now
  102. Pugliese, A., A. Minichilli, and A. Zattoni (2014), ‘Integrating Agency and Resource Dependence Theory: Firm Profitability, Industry Regulation, and Board Task Performance’, Journal of Business Research, Vol. 67, No. 6, pp. 1189–200.

  103. Puhani, P. A. (2000), ‘The Heckman Correction for Sample Selection and Its Critique’, Journal of Economic Surveys, Vol. 14, No. 1, pp. 53–68.

  104. Renneboog, L. and Y. Zhao (2020), ‘Director Networks, Turnover, and Appointments’, European Financial Management, Vol. 26, No. 1, pp. 44–76.

  105. Rosenstein, S. and J. G. Wyatt (1990), ‘Outside Directors, Board Independence, and Shareholder Wealth’, Journal of Financial Economics, Vol. 26, No. 2, pp. 175–91.

  106. Rozeff, M. S. (1982), ‘Growth, Beta and Agency Costs as Determinants of Dividend Payout Ratios’, Journal of Financial Research, Vol. 5, No. 3, pp. 249–59.

  107. Ruan, J. T., Q. Sun, and Y. X. Xu (2016), On the Pricing Role of Idiosyncratic Risk: The Dual‐Predictor Regression Approach, Working Paper, Xiamen University.
    Paper not yet in RePEc: Add citation now
  108. Schoorman, F. D., M. H. Bazerman, and R. S. Atkin (1981), ‘Interlocking Directorates: A Strategy for Reducing Environmental Uncertainty’, Academy of Management Review, Vol. 6, No. 2, pp. 243–51.
    Paper not yet in RePEc: Add citation now
  109. Schwiebert, J. (2015), ‘Estimation and Interpretation of a Heckman Selection Model with Endogenous Covariates’, Empirical Economics, Vol. 49, No. 2, pp. 675–703.

  110. Semykina, A. and J. M. Wooldridge (2010), ‘Estimating Panel Data Models in the Presence of Endogeneity and Selection’, Journal of Econometrics, Vol. 157, No. 2, pp. 375–80.
    Paper not yet in RePEc: Add citation now
  111. Sharma, V. (2011), ‘Independent Directors and the Propensity to Pay Dividends’, Journal of Corporate Finance, Vol. 17, No. 4, pp. 1001–15.

  112. Shleifer, A. and R. W. Vishny (1989), ‘Managerial Entrenchment: The Case of Manager‐specific Investments’, Journal of Financial Economics, Vol. 25, No. 1, pp. 123–39.
    Paper not yet in RePEc: Add citation now
  113. Short, H., H. Zhang, and K. Keasey (2002), ‘The Link Between Dividend Policy and Institutional Ownership’, Journal of Corporate Finance, Vol. 8, No. 2, pp. 105–22.

  114. Skousen, C. J., X. J. Song, and L. Sun (2018), ‘CEO Network Centrality and Bond Ratings’, Advances in Accounting, Vol. 40, pp. 42–60.
    Paper not yet in RePEc: Add citation now
  115. Tucker, J. W. (2010), ‘Selection Bias and Econometric Remedies in Accounting and Finance Research’, Journal of Accounting Literature, Vol. 29, pp. 31–57.
    Paper not yet in RePEc: Add citation now
  116. White, L. F. (1996), ‘Executive Compensation and Dividend Policy’, Journal of Corporate Finance, Vol. 2, No. 4, pp. 335–58.

  117. Williamson, O. E. (1981), ‘The Economics of Organization: The Transaction Cost Approach’, The American Journal of Sociology, Vol. 87, No. 3, pp. 548–77.
    Paper not yet in RePEc: Add citation now
  118. Wooldridge, J. M. (1995), ‘Selection Corrections for Panel Data Models Under Conditional Mean Independence Assumptions’, Journal of Econometrics, Vol. 68, No. 1, pp. 115–32.

  119. Ye, D., J. Deng, Y. Liu, S. H. Szewczyk, and X. Chen (2019), ‘Does Board Gender Diversity Increase Dividend Payouts? Analysis of Global Evidence’, Journal of Corporate Finance, Vol. 58, pp. 1–26.

  120. Yu, F. (2008), ‘Analyst Coverage and Earnings Management’, Journal of Financial Economics, Vol. 88, No. 2, pp. 245–71.

  121. Zahra, S. A. and J. A. Pearce (1989), ‘Boards of Directors and Corporate Financial Performance: A Review and Integrative Model’, Journal of Management, Vol. 15, No. 2, pp. 291–334.
    Paper not yet in RePEc: Add citation now
  122. Zhang, D. (2018), ‘CEO Dividend Protection’, Journal of Empirical Finance, Vol. 45, pp. 194–211.
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. The Barriers and Effectiveness of Management Monitoring by Maltese Listed Boards**. (2022). , Tabone ; S., ; P. J., ; N., ; L., ; A., .
    In: International Journal of Finance, Insurance and Risk Management.
    RePEc:ers:ijfirm:v:12:y:2022:i:2:p:92-127.

    Full description at Econpapers || Download paper

  2. Overlapping Membership on Audit and Compensation Committees and Financial Reporting Quality. (2016). Borhan, MD ; Habib, Ahsan.
    In: Australian Accounting Review.
    RePEc:bla:ausact:v:26:y:2016:i:1:p:76-90.

    Full description at Econpapers || Download paper

  3. Financial distress, outside directors and corporate tax aggressiveness spanning the global financial crisis: An empirical analysis. (2015). Lanis, Roman ; Richardson, Grant ; Taylor, Grantley.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:52:y:2015:i:c:p:112-129.

    Full description at Econpapers || Download paper

  4. Ambiguity, Disagreement, and Allocation of Control in Firms. (2015). Fulghieri, Paolo ; Dicks, David L.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:10400.

    Full description at Econpapers || Download paper

  5. Corporate tax aggressiveness, outside directors, and debt policy: An empirical analysis. (2014). Leung, Sidney Chi-Moon ; Lanis, Roman ; Richardson, Grant.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:25:y:2014:i:c:p:107-121.

    Full description at Econpapers || Download paper

  6. Incentive Pay that Causes Inefficient Managerial Replacement . (2013). Sato, Meg .
    In: CIRJE F-Series.
    RePEc:tky:fseres:2013cf890.

    Full description at Econpapers || Download paper

  7. The Masquerade Ball of the CEOs and the Mask of Excessive Risk. (2012). çitçi, sadettin ; Inci, Eren ; citci, sadettin.
    In: MPRA Paper.
    RePEc:pra:mprapa:35979.

    Full description at Econpapers || Download paper

  8. Does Gender Diversity in the Boardroom Improve Firm Performance?. (2012). Daunfeldt, Sven-Olov ; Rudholm, Niklas.
    In: HUI Working Papers.
    RePEc:hhs:huiwps:0060.

    Full description at Econpapers || Download paper

  9. Voting in Small Committees. (2012). Luporini, Annalisa ; graziano, clara ; Balduzzi, Paolo.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_3732.

    Full description at Econpapers || Download paper

  10. Collusion in board of directors. (2011). Bourjade, Sylvain ; Germain, Laurent.
    In: MPRA Paper.
    RePEc:pra:mprapa:34814.

    Full description at Econpapers || Download paper

  11. What do Boards Really Do? Evidence from Minutes of Board Meetings. (2011). Weisbach, Michael ; Schwartz-Ziv, Miriam.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:17509.

    Full description at Econpapers || Download paper

  12. Corporate Governance, Debt, and Investment Policy during the Great Depression. (2011). Hazarika, Sonali ; Narasimhan, Krishnamoorthy ; Graham, John R..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:17387.

    Full description at Econpapers || Download paper

  13. Should Independent Board Members with Social Ties to Management Disqualify Themselves from Serving on the Board?. (2011). Hoitash, Udi.
    In: Journal of Business Ethics.
    RePEc:kap:jbuset:v:99:y:2011:i:3:p:399-423.

    Full description at Econpapers || Download paper

  14. Vice or Virtue? The Impact of Corporate Social Responsibility on Executive Compensation. (2011). Cai, YE ; Jo, Hoje ; Pan, Carrie.
    In: Journal of Business Ethics.
    RePEc:kap:jbuset:v:104:y:2011:i:2:p:159-173.

    Full description at Econpapers || Download paper

  15. What Do Boards Really Do? Evidence from Minutes of Board Meetings. (2011). Weisbach, Michael ; Schwartz-Ziv, Miriam.
    In: Working Paper Series.
    RePEc:ecl:ohidic:2011-19.

    Full description at Econpapers || Download paper

  16. Performance effects of appointing other firms executive directors. (2011). Talavera, Oleksandr ; Муравьев, Александр ; Weir, Charlie.
    In: Department of Economics Working Papers.
    RePEc:dur:durham:2011_12.

    Full description at Econpapers || Download paper

  17. DO CORPORATE GOVERNANCE “ACTORS”’ FEATURES AFFECT BANKS’ VALUE? – EVIDENCE FROM ROMANIA. (2011). Alexandra, Stefanescu Cristina .
    In: Studies in Business and Economics.
    RePEc:blg:journl:v:6:y:2011:i:2:p:136-150.

    Full description at Econpapers || Download paper

  18. Biased experts, costly lies, and binary decisions. (2010). Rohner, Dominic ; Loertscher, Simon ; Hodler, Roland.
    In: IEW - Working Papers.
    RePEc:zur:iewwpx:496.

    Full description at Econpapers || Download paper

  19. Biased Experts, Costly Lies, and Binary Decisions. (2010). Rohner, Dominic ; Loertscher, Simon ; Hodler, Roland.
    In: Working Papers.
    RePEc:szg:worpap:1001.

    Full description at Econpapers || Download paper

  20. An Empirical Analysis on Board Monitoring Role and Loan Portfolio Quality Measurement in Banks. (2010). Cotugno, Matteo ; Stefanelli, Valeria.
    In: MPRA Paper.
    RePEc:pra:mprapa:29766.

    Full description at Econpapers || Download paper

  21. Board structures and the establishment of a risk management committee by Malaysian listed firms. (2010). Yatim, Puan.
    In: Journal of Management & Governance.
    RePEc:kap:jmgtgv:v:14:y:2010:i:1:p:17-36.

    Full description at Econpapers || Download paper

  22. Optimal Delegation when the Large Shareholder has Multiple Tasks. (2010). Luporini, Annalisa ; graziano, clara.
    In: Working Papers - Economics.
    RePEc:frz:wpaper:wp2010_05.rdf.

    Full description at Econpapers || Download paper

  23. Endogenous governance transparency and product market competition. (2010). Hidalgo-Cabrillana, Ana.
    In: UC3M Working papers. Economics.
    RePEc:cte:werepe:we1021.

    Full description at Econpapers || Download paper

  24. Optimal Delegation when the Large Shareholder has Multiple Tasks. (2010). Luporini, Annalisa ; graziano, clara.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_3028.

    Full description at Econpapers || Download paper

  25. Large shareholders and corporate governance. (2009). Frantz, Pascal ; Instefjord, Norvald.
    In: Economics of Governance.
    RePEc:spr:ecogov:v:10:y:2009:i:4:p:297-321.

    Full description at Econpapers || Download paper

  26. The effect of board size and composition on bank efficiency. (2009). Delis, Manthos ; Agoraki, Maria-Eleni ; Staikouras, Panagiotis.
    In: MPRA Paper.
    RePEc:pra:mprapa:18548.

    Full description at Econpapers || Download paper

  27. Innovation and Institutional Ownership. (2009). Zingales, Luigi ; van Reenen, John ; Aghion, Philippe.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:14769.

    Full description at Econpapers || Download paper

  28. Information Disclosure and Corporate Governance. (2009). Weisbach, Michael ; Hermalin, Benjamin.
    In: Working Paper Series.
    RePEc:ecl:ohidic:2008-17.

    Full description at Econpapers || Download paper

  29. Board Characteristics and Audit Fees: Why Ownership Structure Matters?. (2009). Garcia-Cestona, Miguel ; Desender, Kurt ; Aguilera, Ruth V. ; Crespi, Rafel .
    In: Working Papers.
    RePEc:ecl:illbus:09-0107.

    Full description at Econpapers || Download paper

  30. Insular decision-making in the board room: why boards retain and hire sub-standard ceos. (2009). Sato, Meg .
    In: Asia Pacific Economic Papers.
    RePEc:csg:ajrcau:384.

    Full description at Econpapers || Download paper

  31. Innovation and Institutional Ownership. (2009). Zingales, Luigi ; van Reenen, John ; Aghion, Philippe.
    In: CEP Discussion Papers.
    RePEc:cep:cepdps:dp0911.

    Full description at Econpapers || Download paper

  32. The effectiveness of boards of directors of state owned enterprises in developing countries. (2008). Vagliasindi, Maria.
    In: Policy Research Working Paper Series.
    RePEc:wbk:wbrwps:4579.

    Full description at Econpapers || Download paper

  33. The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey. (2008). Weisbach, Michael ; Hermalin, Benjamin ; Adams, Renee.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:14486.

    Full description at Econpapers || Download paper

  34. Hiring Cheerleaders: Board Appointments of Independent Directors. (2008). Malloy, Christopher ; Frazzini, Andrea ; Cohen, Lauren.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:14232.

    Full description at Econpapers || Download paper

  35. Board monitoring, firm risk, and external regulation. (2008). Chidambaran, N. ; Brick, Ivan.
    In: Journal of Regulatory Economics.
    RePEc:kap:regeco:v:33:y:2008:i:1:p:87-116.

    Full description at Econpapers || Download paper

  36. Board Structure and Price Informativeness. (2008). Ferreira, Daniel ; Raposo, Clara C..
    In: CEI Working Paper Series.
    RePEc:hit:hitcei:2008-4.

    Full description at Econpapers || Download paper

  37. Determinants of the Size and Structure of Corporate Boards: 1935-2000. (2008). Patro, Sukesh ; Zhao, Mengxin ; Lehn, Kenneth.
    In: CEI Working Paper Series.
    RePEc:hit:hitcei:2008-13.

    Full description at Econpapers || Download paper

  38. Communication in the boardroom. (2008). Adams, Renee.
    In: SIFR Research Report Series.
    RePEc:hhs:sifrwp:0061.

    Full description at Econpapers || Download paper

  39. Governing the Governors: A Clinical Study of Central Banks. (2008). Spagnolo, Giancarlo ; Roszbach, Kasper ; Frisell, Lars .
    In: Working Paper Series.
    RePEc:hhs:rbnkwp:0221.

    Full description at Econpapers || Download paper

  40. Why Do Firms Appoint CEOs as Outside Directors?. (2008). Stulz, René ; Fahlenbrach, Ruediger ; Low, Angie.
    In: Working Paper Series.
    RePEc:ecl:ohidic:2008-10.

    Full description at Econpapers || Download paper

  41. Governing the Governors: A Clinical Study of Central Banks. (2008). Spagnolo, Giancarlo ; Roszbach, Kasper ; Frisell, Lars .
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:6888.

    Full description at Econpapers || Download paper

  42. Codes of Best Practice in Competitive Markets for Managers. (2008). Perez-Castrillo, David ; Alonso-Pauli, Eduard.
    In: UFAE and IAE Working Papers.
    RePEc:aub:autbar:726.08.

    Full description at Econpapers || Download paper

  43. The Market for Comeback CEOs. (2007). Fahlenbrach, Ruediger ; Pan, Carrie H. ; Minton, Bernadette A..
    In: Working Paper Series.
    RePEc:ecl:ohidic:2007-4.

    Full description at Econpapers || Download paper

  44. What is the Role of Legal Systems in Financial Intermediation? Theory and Evidence. (2007). Hellmann, Thomas ; Da Rin, Marco ; Bottazzi, Laura.
    In: Working Papers.
    RePEc:bol:bodewp:613.

    Full description at Econpapers || Download paper

  45. CEO Turnover and Relative Performance Evaluation. (2006). Jenter, Dirk ; Kanaan, Fadi .
    In: NBER Working Papers.
    RePEc:nbr:nberwo:12068.

    Full description at Econpapers || Download paper

  46. Financial Expertise of Directors. (2006). Malmendier, Ulrike ; Tate, Geoffrey ; Guner, Burak A..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:11914.

    Full description at Econpapers || Download paper

  47. Shareholders Should Welcome Knowledge Workers as Directors. (2006). Frey, Bruno ; Osterloh, Margit.
    In: Journal of Management & Governance.
    RePEc:kap:jmgtgv:v:10:y:2006:i:3:p:325-345.

    Full description at Econpapers || Download paper

  48. CEO Power, Compensation and Governance. (2006). Miao, Jianjun ; Albuquerque, Rui.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:5818.

    Full description at Econpapers || Download paper

  49. Ownership Concentration, Monitoring and Optimal Board Structure. (2005). Luporini, Annalisa ; graziano, clara.
    In: Working Papers.
    RePEc:fem:femwpa:2005.14.

    Full description at Econpapers || Download paper

  50. Keeping the Board in the Dark: CEO Compensation and Entrenchment. (2005). Inderst, Roman ; Mueller, Holger M.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:5315.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-30 10:11:02 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.