Staggered boards and long-term firm value, revisited
نویسندگان
چکیده
منابع مشابه
Staggered Boards and Shareholder Value: A Reply to Amihud and Stoyanov
In a paper published in the JFE in 2013, we provided evidence that market participants perceive staggered boards to be on average value-reducing. In a recent response paper, Amihud and Stoyanov (2015) “contest” our results. They advocate using alternative methods for estimating risk-adjusted returns and excluding some observations from our sample. Amihud and Stoyanov claim that making such chan...
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ژورنال
عنوان ژورنال: Journal of Financial Economics
سال: 2017
ISSN: 0304-405X
DOI: 10.1016/j.jfineco.2017.08.003