메뉴 건너뛰기




Volumn 69, Issue 1, 2003, Pages 111-152

Governance and boards of directors in closed-end investment companies

Author keywords

Boards of directors; Closed end funds; Corporate governance; Open endings; Repurchases; Rights offerings

Indexed keywords


EID: 0037633998     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-405X(03)00110-7     Document Type: Article
Times cited : (107)

References (38)
  • 1
    • 84993924992 scopus 로고
    • The priority structure of corporate liabilities
    • Barclay M. Smith C. The priority structure of corporate liabilities Journal of Finance 50 1995 899-917
    • (1995) Journal of Finance , vol.50 , pp. 899-917
    • Barclay, M.1    Smith, C.2
  • 2
    • 0000664813 scopus 로고
    • Private benefits from block ownership and discounts on closed-end funds
    • Barclay M. Holderness C. Pontiff J. Private benefits from block ownership and discounts on closed-end funds Journal of Financial Economics 33 1993 263-291
    • (1993) Journal of Financial Economics , vol.33 , pp. 263-291
    • Barclay, M.1    Holderness, C.2    Pontiff, J.3
  • 3
    • 77958406983 scopus 로고
    • Corporate governance and the board of directors: Performance effects of changes in board composition
    • Baysinger B. Butler H. Corporate governance and the board of directors: performance effects of changes in board composition Journal of Law, Economics, and Organization l 1985 101-124
    • (1985) Journal of Law, Economics, and Organization , vol.1 , pp. 101-124
    • Baysinger, B.1    Butler, H.2
  • 4
    • 0036579045 scopus 로고    scopus 로고
    • The powerful antitakeover force of staggered boards: Theory, evidence and policy
    • Bebchuk L. Coates J. Subramanian G. The powerful antitakeover force of staggered boards: theory, evidence and policy Stanford Law Review 54 2002 887-951
    • (2002) Stanford Law Review , vol.54 , pp. 887-951
    • Bebchuk, L.1    Coates, J.2    Subramanian, G.3
  • 5
    • 0038465558 scopus 로고    scopus 로고
    • Recent developments in litigation under the Investment Company Act of 1940
    • The '40 Act Institute, Practising Law Institute
    • Benedict, J., Moyle, J., Drichta, J., 1999. Recent developments in litigation under the Investment Company Act of 1940. The '40 Act Institute, Practising Law Institute.
    • (1999)
    • Benedict, J.1    Moyle, J.2    Drichta, J.3
  • 6
    • 0038803389 scopus 로고    scopus 로고
    • The uncertain relationship between board composition and firm performance
    • H. Klaus, M. Roe, & E. Wymeersch (Eds.), London: Oxford University Press
    • Bhagat S. Black B. The uncertain relationship between board composition and firm performance In: Klaus H. Roe M. Wymeersch E. (Eds.), Corporate Governance: the State of the Art and Emerging Research 1998 Oxford University Press London
    • (1998) Corporate Governance: The State of the Art and Emerging Research
    • Bhagat, S.1    Black, B.2
  • 7
    • 0038126478 scopus 로고    scopus 로고
    • The core fiduciary duties of outside directors
    • Black B. The core fiduciary duties of outside directors Asia Business Law Review 33 2001 3-16
    • (2001) Asia Business Law Review , vol.33 , pp. 3-16
    • Black, B.1
  • 10
  • 12
    • 0000106797 scopus 로고
    • Do outside directors monitor managers? Evidence from tender offer bids
    • Byrd J. Hickman K. Do outside directors monitor managers? Evidence from tender offer bids Journal of Financial Economics 32 1992 195-222
    • (1992) Journal of Financial Economics , vol.32 , pp. 195-222
    • Byrd, J.1    Hickman, K.2
  • 13
    • 0002624840 scopus 로고    scopus 로고
    • On persistence in mutual fund performance
    • Carhart M. On persistence in mutual fund performance Journal of Finance 52 1997 57-82
    • (1997) Journal of Finance , vol.52 , pp. 57-82
    • Carhart, M.1
  • 14
    • 0038465556 scopus 로고    scopus 로고
    • An analysis of mutual fund trading costs
    • Unpublished working paper. University of Oregon
    • Chalmers, J., Edelen, R., Kadlec, G., 1999. An analysis of mutual fund trading costs. Unpublished working paper. University of Oregon.
    • (1999)
    • Chalmers, J.1    Edelen, R.2    Kadlec, G.3
  • 15
    • 0031066545 scopus 로고    scopus 로고
    • Do independent directors enhance target shareholders wealth during tender offers?
    • Cotter J. Shivdasani A. Zenner M. Do independent directors enhance target shareholders wealth during tender offers? Journal of Financial Economics 43 1997 195-218
    • (1997) Journal of Financial Economics , vol.43 , pp. 195-218
    • Cotter, J.1    Shivdasani, A.2    Zenner, M.3
  • 18
    • 21144474059 scopus 로고
    • Efficiency with costly information: A reinterpretation of evidence from managed portfolios
    • Elton E. Gruber M. Das S. Hlavka M. Efficiency with costly information: a reinterpretation of evidence from managed portfolios Review of Financial Studies 6 1993 1-22
    • (1993) Review of Financial Studies , vol.6 , pp. 1-22
    • Elton, E.1    Gruber, M.2    Das, S.3    Hlavka, M.4
  • 22
    • 0001387430 scopus 로고
    • The effects of board composition and direct incentives on firm performance
    • Hermalin B. Weisbach M. The effects of board composition and direct incentives on firm performance Financial Management 20 1991 101-112
    • (1991) Financial Management , vol.20 , pp. 101-112
    • Hermalin, B.1    Weisbach, M.2
  • 23
    • 0003503228 scopus 로고    scopus 로고
    • Boards of directors as an endogenously determined institution: A survey of the economic literature
    • NBER Working Paper 8161
    • Hermalin, B., Weisbach, M., 2001. Boards of directors as an endogenously determined institution: a survey of the economic literature. NBER Working Paper 8161.
    • (2001)
    • Hermalin, B.1    Weisbach, M.2
  • 25
    • 0000486548 scopus 로고
    • The performance of mutual funds in the period 1945-1964
    • Jensen M. The performance of mutual funds in the period 1945-1964 Journal of Finance 23 1968 389-416
    • (1968) Journal of Finance , vol.23 , pp. 389-416
    • Jensen, M.1
  • 27
    • 0006178745 scopus 로고    scopus 로고
    • Firm performance and board committee structure
    • Klein A. Firm performance and board committee structure Journal of Law and Economics 41 1998 137-165
    • (1998) Journal of Law and Economics , vol.41 , pp. 137-165
    • Klein, A.1
  • 28
    • 84977360059 scopus 로고
    • The valuation of closed-end investment-company shares
    • Malkiel B. The valuation of closed-end investment-company shares Journal of Finance 32 1977 847-859
    • (1977) Journal of Finance , vol.32 , pp. 847-859
    • Malkiel, B.1
  • 29
    • 84993848940 scopus 로고
    • Returns from investing in equity mutual funds 1971 to 1991
    • Malkiel B. Returns from investing in equity mutual funds 1971 to 1991 Journal of Finance 53 1995 549-572
    • (1995) Journal of Finance , vol.53 , pp. 549-572
    • Malkiel, B.1
  • 30
    • 4243918686 scopus 로고    scopus 로고
    • Issues and opportunities for closed-end funds
    • The '40 Act Institute. Practising Law Institute
    • McMillan K. Issues and opportunities for closed-end funds 1999 The '40 Act Institute. Practising Law Institute.
    • (1999)
    • McMillan, K.1
  • 31
    • 0039657134 scopus 로고    scopus 로고
    • The value of open market repurchases of closed-end fund shares
    • Porter G. Roenfeldt R. Sicherman N. The value of open market repurchases of closed-end fund shares Journal of Business 72 1999 257-276
    • (1999) Journal of Business , vol.72 , pp. 257-276
    • Porter, G.1    Roenfeldt, R.2    Sicherman, N.3
  • 34
    • 0040531553 scopus 로고    scopus 로고
    • CEO involvement in the selection of new board members: An empirical analysis
    • Shivdasani A. Yermack D. CEO involvement in the selection of new board members: an empirical analysis Journal of Finance 54 1999 1829-1853
    • (1999) Journal of Finance , vol.54 , pp. 1829-1853
    • Shivdasani, A.1    Yermack, D.2
  • 35
    • 0031537006 scopus 로고    scopus 로고
    • Board structure and fee-setting in the U.S. mutual fund industry
    • Tufano P. Sevick M. Board structure and fee-setting in the U.S. mutual fund industry Journal of Financial Economics 46 1997 321-355
    • (1997) Journal of Financial Economics , vol.46 , pp. 321-355
    • Tufano, P.1    Sevick, M.2
  • 36
  • 37
    • 0030078208 scopus 로고    scopus 로고
    • Higher market valuation of companies with a small board of directors
    • Yermack D. Higher market valuation of companies with a small board of directors Journal of Financial Economics 40 1996 185-211
    • (1996) Journal of Financial Economics , vol.40 , pp. 185-211
    • Yermack, D.1
  • 38
    • 0038465557 scopus 로고    scopus 로고
    • Who cares about shareholders? Arbitrage-proofing mutual funds
    • Working paper. Stanford Unpublished University
    • Zitzewitz, E., 2002. Who cares about shareholders? Arbitrage-proofing mutual funds. Unpublished working paper. Stanford University.
    • (2002)
    • Zitzewitz, E.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.