The nature of board nominating committees and their role in corporate governance

Journal of Business Finance and Accounting

Volumn 26, Issue 1-2, 1999, Pages 199-225

  Vafeas, Nikos ^a  

^a UNIVERSITY OF CYPRUS   (Cyprus)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0010086485     PISSN: 0306686X     EISSN: 14685957     Source Type: Journal    
DOI: 10.1111/1468-5957.00253     Document Type: Article

References (24)

1. Agrawal, A. and C. Knoeber (1996), 'Firm Performance and Mechanisms to Control Agency Problems Between Managers and Shareholders', Journal of Financial and Quantitative Analysis, Vol. 31, pp. 377-97.
2. Andrews, K. (1987), The Concept of Corporate Strategy (Irwin, Homewood, Illinois).
3. Baysinger, B. and H. Butler (1985), 'Corporate Governance and the Board of Directors: Performance Effects of Changes in Board Composition', Journal of Law, Economics, and Organization, Vol. 1, pp. 101-24.
4. Borokhovich, K., R. Parrino and T. Trapani (1996), 'Outside Directors and CEO Selection', Journal of Financial and Quantitative Analysis, Vol. 31, pp. 337-55.
5. Brickley, J., L. Coles and R. Terry (1994), 'Outside Directors and the Adoption of Poison Pills', Journal of Financial Economics, Vol. 34, pp. 371-90.
6. Byrd, J. and A. Hickman (1992), 'Do Outside Directors Monitor Managers? Evidence from Tender Offer Bids', Journal of Financial Economics, Vol. 32, pp. 195-221.
7. Cotter, J., A. Shivdasani and M. Zenner (1997), 'Do Independent Directors Enhance Target Shareholder Wealth During Tender Offers?' Journal of Financial Economics, Vol. 43, pp. 195-218.
8. Fama E. and M. Jensen (1983), 'Separation of Ownership and Control', Journal of Law and Economics, Vol. 26, pp. 301-25.
9. Hill, G. (1982), 'Group Versus Individual Performance: Are N+1 Heads Better than One?', Psychological Bulletin, pp. 517-39.
10. Jensen, M. (1993), 'The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems', The Journal of Finance, Vol. 48, pp. 831-80.
11. - and W. Meckling (1976), 'Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure', Journal of Financial Economics, Vol. 3, pp. 305-60.
12. Lee, C., S. Rosenstein, N. Rangan and N. Davidson III (1992), 'Board Composition and Shareholder Wealth: The Case of Management Buyouts', Financial Management, Vol. 21, pp. 58-72.
13. Lipton, M. and J. Lorsch (1992), 'A Modest Proposal for Improved Corporate Governance', Business Lawyer, Vol. 48, pp. 49-57.
14. Mayers, D., A. Shivdasani and C. Smith (1997), 'Board Composition and Corporate Control: Evidence from the Insurance Industry', Journal of Business, Vol. 70, pp. 33-62.
15. O'Neal, D. and H. Thomas (1995), 'Director Networks/Director Selection: The Board's Strategic Role', European Management Journal, Vol. 13, pp. 79-90.
16. Pfeffer, J. (1981), Power in Organizations (Pitman Publishing, Massachussetts, USA).
17. Rosenstein, J. (1987), 'Why Don't US Boards Get More Involved in Strategy?' Long Range Planning, Vol. 20, pp. 30-34.
18. - and J. Wyatt (1990), 'Outside Directors, Board Independence, and Shareholder Wealth', Journal of Financial Economics, Vol. 26, pp. 175-91.
19. Salmon, W. (1993), 'Crisis Prevention: How to Gear Up Your Board', Harvard Business Review, Vol. 71, pp. 68-75.
20. Shivdasani, A. (1993), 'Board Composition, Ownership Structure, and Hostile Takeovers', Journal of Accounting and Economics, Vol. 16, pp. 167-98.
21. - and D. Yermack, (1997), 'The Hand-Picked Board', Working Paper (Michigan State University and New York University).
22. Vafeas, N. (1996), 'An Empirical Investigation of Executive Compensation Committees', Working Paper (University of Cyprus).
23. Verespej, M. (1994), 'What's Next for Directors?' Industry Week (February 21), p. 11.
24. Weisbach, M. (1988), 'Outside Directors and CEO Turnover', Journal of Financial Economics, Vol. 20, pp. 431-60.