메뉴 건너뛰기




Volumn 30, Issue 4, 2001, Pages 45-61

Do shareholders benefit from the adoption of incentive pay for directors?

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0040489245     PISSN: 00463892     EISSN: None     Source Type: Journal    
DOI: 10.2307/3666258     Document Type: Article
Times cited : (45)

References (31)
  • 2
    • 0347038860 scopus 로고    scopus 로고
    • Director ownership, corporate performance, and management turnover
    • Bhagat, S., D.C. Carey, and C.M. Elson, 1999, "Director Ownership, Corporate Performance, and Management Turnover," The Business Lawyer 54, 885-919.
    • (1999) The Business Lawyer , vol.54 , pp. 885-919
    • Bhagat, S.1    Carey, D.C.2    Elson, C.M.3
  • 3
    • 46549099011 scopus 로고
    • The impact of long range managerial compensation plans on shareholder wealth
    • Brickley, J.A., S. Bhagat, and R.C. Lease, 1985, "The Impact of Long Range Managerial Compensation Plans on Shareholder Wealth," Journal of Accounting and Economics 7, 115-129.
    • (1985) Journal of Accounting and Economics , vol.7 , pp. 115-129
    • Brickley, J.A.1    Bhagat, S.2    Lease, R.C.3
  • 5
    • 0000106797 scopus 로고
    • Do outside directors monitor managers? Evidence from tender offer bids
    • Byrd, J.W. and K.A. Hickman, 1992, "Do Outside Directors Monitor Managers? Evidence from Tender Offer Bids," Journal of Financial Economics 32, 195-221.
    • (1992) Journal of Financial Economics , vol.32 , pp. 195-221
    • Byrd, J.W.1    Hickman, K.A.2
  • 6
    • 0041012736 scopus 로고    scopus 로고
    • New evidence on the market for directors: Board memberships and pennsylvania senate bill 1310
    • Forthcoming
    • Coles, J.L. and C.K. Hoi, 2001, "New evidence on the market for directors: Board Memberships and Pennsylvania Senate Bill 1310," Journal of Finance (Forthcoming).
    • (2001) Journal of Finance
    • Coles, J.L.1    Hoi, C.K.2
  • 7
  • 8
    • 0031066545 scopus 로고    scopus 로고
    • Do independent directors enhance target shareholder wealth during tender offers
    • Cotter, J.F., A. Shivdasani, and M. Zenner, 1997, "Do Independent Directors Enhance Target Shareholder Wealth During Tender Offers," Journal of Financial Economics 43, 195-218.
    • (1997) Journal of Financial Economics , vol.43 , pp. 195-218
    • Cotter, J.F.1    Shivdasani, A.2    Zenner, M.3
  • 9
    • 84977731245 scopus 로고
    • The effect of stock option plans on stockholders and bondholders
    • DeFusco, R.A., R.R. Johnson, and T.S. Zorn, 1990, "The Effect of Stock Option Plans on Stockholders and Bondholders," Journal of Finance 55, 617-627.
    • (1990) Journal of Finance , vol.55 , pp. 617-627
    • DeFusco, R.A.1    Johnson, R.R.2    Zorn, T.S.3
  • 10
    • 0001163995 scopus 로고
    • On corporate governance: A study of proxy contests
    • Dodd, P. and J.B. Warner, 1983, "On Corporate Governance: A Study of Proxy Contests," Journal of Financial Economics 11, 401-438.
    • (1983) Journal of Financial Economics , vol.11 , pp. 401-438
    • Dodd, P.1    Warner, J.B.2
  • 11
    • 0039234192 scopus 로고    scopus 로고
    • The causes and consequences of accounting fraud
    • Gerety, M.S. and K. Lehn, 1997, "The Causes and Consequences of Accounting Fraud," Managerial and Decision Economics 18, 587-599.
    • (1997) Managerial and Decision Economics , vol.18 , pp. 587-599
    • Gerety, M.S.1    Lehn, K.2
  • 12
    • 0004296209 scopus 로고    scopus 로고
    • Englewood Cliffs, NJ, Prentice Hall
    • Green, W.H., 1997, Econometric Analysis, Englewood Cliffs, NJ, Prentice Hall.
    • (1997) Econometric Analysis
    • Green, W.H.1
  • 14
    • 0001066475 scopus 로고
    • Agency costs of free cash flow, corporate finance, and takeover
    • Jensen, M.C., 1986, "Agency Costs of Free Cash Flow, Corporate Finance, and Takeover," American Economic Review 76, 323-329.
    • (1986) American Economic Review , vol.76 , pp. 323-329
    • Jensen, M.C.1
  • 15
    • 84993848601 scopus 로고
    • The modern industrial revolution, exit, and the failure of internal control systems
    • Jensen, M.C., 1993, "The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems," Journal of Financial Economics 48, 831-880.
    • (1993) Journal of Financial Economics , vol.48 , pp. 831-880
    • Jensen, M.C.1
  • 16
    • 0038611184 scopus 로고    scopus 로고
    • The case for cash for directors
    • Kaback, H., 1996, "The Case for Cash for Directors," Boards and Directors 20, 14-24.
    • (1996) Boards and Directors , vol.20 , pp. 14-24
    • Kaback, H.1
  • 18
    • 0030637314 scopus 로고    scopus 로고
    • The complexity of compensation contracts
    • Kole, S.R., 1997, "The Complexity of Compensation Contracts," Journal of Financial Economics 43, 79-104.
    • (1997) Journal of Financial Economics , vol.43 , pp. 79-104
    • Kole, S.R.1
  • 19
    • 84977733537 scopus 로고
    • Free cash flow and stockholder gains in going private transactions
    • Lehn, K. and A. Poulsen, 1989, "Free Cash Flow and Stockholder Gains in Going Private Transactions," Journal of Finance 44, 771-787.
    • (1989) Journal of Finance , vol.44 , pp. 771-787
    • Lehn, K.1    Poulsen, A.2
  • 21
    • 0039255560 scopus 로고    scopus 로고
    • The efficiency of equity-linked compensation: Understanding the full cost of awarding executive stock options
    • Meulbroek, L.K., 2001, "The Efficiency of Equity-Linked Compensation: Understanding the Full Cost of Awarding Executive Stock Options," Financial Management 30, 5-44.
    • (2001) Financial Management , vol.30 , pp. 5-44
    • Meulbroek, L.K.1
  • 23
    • 0033476716 scopus 로고    scopus 로고
    • Does the composition of the compensation committee influence CEO compensation practices?
    • Newman, H.A. and H.A. Mozes, 1999, "Does the Composition of the Compensation Committee Influence CEO Compensation Practices?" Financial Management 28, 41-53.
    • (1999) Financial Management , vol.28 , pp. 41-53
    • Newman, H.A.1    Mozes, H.A.2
  • 24
    • 0038803428 scopus 로고    scopus 로고
    • Incentive compensation for outside directors and CEO turnover
    • Perry, T., 1998, "Incentive Compensation for Outside Directors and CEO Turnover," Arizona State University Working Paper.
    • (1998) Arizona State University Working Paper
    • Perry, T.1
  • 25
    • 0001475438 scopus 로고
    • Board composition, ownership structure, and hostile takeovers
    • Shivdasani, A., 1993, "Board Composition, Ownership Structure, and Hostile Takeovers," Journal of Accounting and Economics 16, 167-198.
    • (1993) Journal of Accounting and Economics , vol.16 , pp. 167-198
    • Shivdasani, A.1
  • 26
    • 0040531553 scopus 로고    scopus 로고
    • CEO involvement in the selection of new board members: An empirical analysis
    • Shivdasani, A. and D. Yermack, 1999, "CEO Involvement in the Selection of New Board Members: An Empirical Analysis," Journal of Finance 54, 1829-1853.
    • (1999) Journal of Finance , vol.54 , pp. 1829-1853
    • Shivdasani, A.1    Yermack, D.2
  • 27
  • 28
    • 67349260970 scopus 로고
    • Substance and symbolism in CEOs' long-term incentive plans
    • Westphal, J.D. and E.J. Zajac, 1994, "Substance and Symbolism in CEOs' Long-term Incentive Plans," Administrative Science Quarterly 39, 367-390.
    • (1994) Administrative Science Quarterly , vol.39 , pp. 367-390
    • Westphal, J.D.1    Zajac, E.J.2
  • 29
    • 0000095552 scopus 로고
    • A heteroscedasticity-consistent covariance matrix and a direct test for heteroscedasticity
    • White, H., 1980, "A Heteroscedasticity-Consistent Covariance Matrix and a Direct Test for Heteroscedasticity," Econometrica 48, 817-838.
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.1
  • 30
    • 0000399928 scopus 로고
    • Do corporations award CEO stock options effectively?
    • Yermack, D., 1995, "Do Corporations Award CEO Stock Options Effectively?," Journal of Financial Economics 39, 237-269.
    • (1995) Journal of Financial Economics , vol.39 , pp. 237-269
    • Yermack, D.1
  • 31
    • 0040238831 scopus 로고    scopus 로고
    • Good timing: CEO stock option awards and company news announcements
    • Yermack, D., 1997, "Good Timing: CEO Stock Option Awards and Company News Announcements," Journal of Finance 52, 449-476.
    • (1997) Journal of Finance , vol.52 , pp. 449-476
    • Yermack, D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.