Commitment or entrenchment?: Controlling shareholders and board composition
نویسندگان
چکیده
منابع مشابه
Keeping the Board in the Dark: CEO Compensation and Entrenchment∗
The CEO’s control over information in the boardroom limits the board’s ability to monitor the CEO. We examine how CEOs’ incentives to hide negative information from the board depend on their compensation structure, and how the board can structure CEO compensation optimally to mitigate the problem. The optimal compensation package consists of options and severance pay. Option pay forces the CEO ...
متن کاملNon-negotiable Shares, Controlling Shareholders, and Dividend Payments in China
China has some unique institutional features. For example, the shares of listed firms are segmented into negotiable and nonnegotiable. The controlling shareholders, usually connected to the government, hold nonnegotiable shares. We examine how these institutional features affected cash dividend payments in China during the period 1994-2006. We find that, despite China’s unique institutional set...
متن کاملControlling Shareholders Management Risk Warning Based on Flexible Neural Tree
This paper studies the early-warning of controlling shareholders management risk of Chinese listed companies, using the optimization algorithm of the improved structure of flexible neural tree model to build early-warning model of risk. In the premise of higher accuracy, it selects the key risk factors and the optimal model. In the learning process of Flexible neural tree model, the evolution g...
متن کاملOn Fiduciary Duties of Controlling Shareholders of Targeted Corporation
In the acquisition of listed corporation, the controlling shareholders who either hold a certain number of shares, or play a decisive role in the transfer of corporation control. Compared with the minority shareholders, controlling shareholders often abuse its dominant position to harm other stakeholders' interests of the corporation. Imposing the fiduciary duties to the controlling shareholder...
متن کاملLevels of career commitment and career entrenchment of nurses from public and private hospitals1
OBJECTIVE To determine the prevalence of the types of relations to career - commitment and entrenchment - of nurses from public and private hospitals. METHODS Field survey with a quantitative approach. A total of 237 nurses participated in the survey through a questionnaire with 43 questions about sociodemographic data, occupation, and relation to career. Descriptive statistics, frequency ana...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Banking & Finance
سال: 2005
ISSN: 0378-4266
DOI: 10.1016/j.jbankfin.2004.07.004