메뉴 건너뛰기




Volumn 5, Issue 1, 2003, Pages 40-54

Corporate Governance and board effectiveness in maritime firms

Author keywords

Board effectiveness; Board independence; Board ownership; Corporate governance; Founder CEO; Maritime industry

Indexed keywords


EID: 0347532800     PISSN: 14792931     EISSN: 1479294X     Source Type: Journal    
DOI: 10.1057/palgrave.mel.9100059     Document Type: Article
Times cited : (22)

References (57)
  • 1
    • 0013105098 scopus 로고    scopus 로고
    • Ownership and Control in Sweden - Strong Owners Weak Minorities and Social Control
    • Barca F and Becht M, Oxford University Press: Oxford
    • Angblad, J, Berglof, E, Hogfeldt, P and Svancar, H. 2001: Ownership and Control in Sweden - Strong Owners Weak Minorities and Social Control. In: Barca F and Becht M. (eds). The Control of Corporate Europe. Oxford University Press: Oxford.
    • (2001) The Control of Corporate Europe
    • Angblad, J.1    Berglof, E.2    Hogfeldt, P.3    Svancar, H.4
  • 2
    • 84986860260 scopus 로고
    • The determinants of board composition: An agency theory perspective
    • Bathala, CT and Rao, RP. 1995: The determinants of board composition: an agency theory perspective. Managerial and Decision Economics 16: 59-69.
    • (1995) Managerial and Decision Economics , vol.16 , pp. 59-69
    • Bathala, C.T.1    Rao, R.P.2
  • 3
    • 77958406983 scopus 로고
    • Corporate governance and the board of directors: Performance effects of changes in board competition
    • Baysinger, BD and Butler, HD. 1985: Corporate governance and the board of directors: performance effects of changes in board competition. Journal of Law, Economics and Organizations 1: 101-124.
    • (1985) Journal of Law, Economics and Organizations , vol.1 , pp. 101-124
    • Baysinger, B.D.1    Butler, H.D.2
  • 4
    • 0346225700 scopus 로고    scopus 로고
    • The control of corporate Europe
    • Barca, F and Becht, M, Oxford University Press: Oxford
    • Becht, F and Mayer, C. 2001: The control of corporate Europe. In: Barca, F and Becht, M. (eds). The Control of Corporate Europe. Oxford University Press: Oxford.
    • (2001) The Control of Corporate Europe
    • Becht, F.1    Mayer, C.2
  • 6
    • 0038056957 scopus 로고    scopus 로고
    • The free cash flow hypothesis for sales growth and firm performance
    • Brush, TH, Bromiley, P and Hendrickx, M. 2000: The free cash flow hypothesis for sales growth and firm performance. Strategic Management Journal 21: 455-472.
    • (2000) Strategic Management Journal , vol.21 , pp. 455-472
    • Brush, T.H.1    Bromiley, P.2    Hendrickx, M.3
  • 7
    • 0009952280 scopus 로고    scopus 로고
    • Large shareholders, monitoring, and the value of the firm
    • Burkart, M, Gromb, D and Panunzi, F. 1997: Large shareholders, monitoring, and the value of the firm. Quarterly Journal of Economics 112: 693-728.
    • (1997) Quarterly Journal of Economics , vol.112 , pp. 693-728
    • Burkart, M.1    Gromb, D.2    Panunzi, F.3
  • 9
    • 0038040695 scopus 로고    scopus 로고
    • Board size and corporate governance: Evidence from European countries
    • Conyon, MJ and Peck, SI. 1998: Board size and corporate governance: evidence from European countries. European Journal of Finance 4: 291-304.
    • (1998) European Journal of Finance , vol.4 , pp. 291-304
    • Conyon, M.J.1    Peck, S.I.2
  • 10
    • 0031066545 scopus 로고    scopus 로고
    • Do independent directors enhance target shareholders wealth during tender offers?
    • Cotter, J, Shivdasani, A and Zenner, M. 1997: Do independent directors enhance target shareholders wealth during tender offers?. Journal of Financial Economics 431: 95-218.
    • (1997) Journal of Financial Economics , vol.431 , pp. 95-218
    • Cotter, J.1    Shivdasani, A.2    Zenner, M.3
  • 11
    • 84989096040 scopus 로고
    • Corporate governance and the bankrupt firm: An empirical assessment
    • Daily, CM and Dalton, DR. 1994: Corporate governance and the bankrupt firm: an empirical assessment. Strategic Management Journal 15: 643-654.
    • (1994) Strategic Management Journal , vol.15 , pp. 643-654
    • Daily, C.M.1    Dalton, D.R.2
  • 12
    • 0346762522 scopus 로고    scopus 로고
    • Meta-analytic review of board, composition, leadership, structure, and financial performance
    • Dalton, DR, Daily, CM, Ellstrand, AE and Johnson JL. 1998: Meta-analytic review of board, composition, leadership, structure, and financial performance. Strategic Management Journal 19: 269-290.
    • (1998) Strategic Management Journal , vol.19 , pp. 269-290
    • Dalton, D.R.1    Daily, C.M.2    Ellstrand, A.E.3    Johnson, J.L.4
  • 15
    • 46549097703 scopus 로고
    • Managerial ownership of voting rights: A study of public corporations with dual classes of common stock
    • De Angelo, H and De Angelo, L. 1985: Managerial ownership of voting rights: a study of public corporations with dual classes of common stock. Journal of Financial Economics 14: 33-69.
    • (1985) Journal of Financial Economics , vol.14 , pp. 33-69
    • De Angelo, H.1    De Angelo, L.2
  • 17
    • 0001336426 scopus 로고
    • Agency theory: An assessment and review
    • Eisenhardt, KM. 1989: Agency theory: an assessment and review. Academy of Management Review 14: 57-74.
    • (1989) Academy of Management Review , vol.14 , pp. 57-74
    • Eisenhardt, K.M.1
  • 18
    • 0000806744 scopus 로고
    • Agency problems and the theory of the firm
    • Fama, E. 1980: Agency problems and the theory of the firm. Journal of Political Economy 88: 134-145.
    • (1980) Journal of Political Economy , vol.88 , pp. 134-145
    • Fama, E.1
  • 19
  • 20
    • 0033247581 scopus 로고    scopus 로고
    • Cognition and corporate governance: Understanding boards of directors as strategic decision-making groups
    • Forbes, DP and Milliken, FJ. 1999: Cognition and corporate governance: understanding boards of directors as strategic decision-making groups. Academy of Management Review 24: 489-505.
    • (1999) Academy of Management Review , vol.24 , pp. 489-505
    • Forbes, D.P.1    Milliken, F.J.2
  • 21
    • 84985666241 scopus 로고
    • Do innovating firms outperform non-innovators?
    • Geroski, P and Machin, L. 1992: Do innovating firms outperform non-innovators?. Business Strategy Review 3(2): 79-90.
    • (1992) Business Strategy Review , vol.3 , Issue.2 , pp. 79-90
    • Geroski, P.1    Machin, L.2
  • 24
    • 84984735432 scopus 로고
    • Economic action and social structure: The problem of embeddedness
    • Granovetter, MS. 1985: Economic action and social structure: the problem of embeddedness. American Journal of Sociology 91: 481-510.
    • (1985) American Journal of Sociology , vol.91 , pp. 481-510
    • Granovetter, M.S.1
  • 25
    • 0006932735 scopus 로고    scopus 로고
    • What can the family contribute to business? Examining contractual relations
    • Harvey Jr JS. 1999: What can the family contribute to business? Examining contractual relations. Family Business Review 12: 61-71.
    • (1999) Family Business Review , vol.12 , pp. 61-71
    • Harvey, J.S.1
  • 26
    • 21344485596 scopus 로고
    • Board-Management relations in small firms: The paradox of simultaneous independence and interdependence
    • Huse, M. 1994: Board-Management relations in small firms: the paradox of simultaneous independence and interdependence. Small Business Economics 6: 55-72.
    • (1994) Small Business Economics , vol.6 , pp. 55-72
    • Huse, M.1
  • 29
    • 0003191078 scopus 로고
    • Eclipse of the public corporation
    • Jensen, MC. 1989: Eclipse of the public corporation. Harvard Business Review 67(5): 61-75.
    • (1989) Harvard Business Review , vol.67 , Issue.5 , pp. 61-75
    • Jensen, M.C.1
  • 30
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs and ownership structure
    • Jensen, MC and Meckling, W. 1976: Theory of the firm: managerial behavior, agency costs and ownership structure. Journal of Financial Economics 3: 5-60.
    • (1976) Journal of Financial Economics , vol.3 , pp. 5-60
    • Jensen, M.C.1    Meckling, W.2
  • 32
    • 0000654960 scopus 로고    scopus 로고
    • Corporate governance and board effectiveness
    • John, K and Senbet, LW. 1998: Corporate governance and board effectiveness. Journal of Banking &Finance 22: 371-403.
    • (1998) Journal of Banking &Finance , vol.22 , pp. 371-403
    • John, K.1    Senbet, L.W.2
  • 36
    • 0013028968 scopus 로고    scopus 로고
    • Does the governed corporation perform better? Governance structure and corporate performance in Germany
    • Lehmann, E and Weigand, J. 2000: Does the governed corporation perform better? Governance structure and corporate performance in Germany. European Finance Review 4: 157-195.
    • (2000) European Finance Review , vol.4 , pp. 157-195
    • Lehmann, E.1    Weigand, J.2
  • 37
    • 0031498388 scopus 로고    scopus 로고
    • Corporate governance, competition and performance
    • Mayer, C. 1997: Corporate governance, competition and performance. Journal of Law and Society 24: 152-176.
    • (1997) Journal of Law and Society , vol.24 , pp. 152-176
    • Mayer, C.1
  • 41
    • 0042727397 scopus 로고    scopus 로고
    • The effect of founding family influence on firm value and corporate governance: A study of Norwegian firms
    • Mishra, C, Randpy, T and Jenssen, JI. 2001: The effect of founding family influence on firm value and corporate governance: a study of Norwegian firms. Journal of International Financial Management and Accounting 12: 235-259.
    • (2001) Journal of International Financial Management and Accounting , vol.12 , pp. 235-259
    • Mishra, C.1    Randpy, T.2    Jenssen, J.I.3
  • 42
    • 0000227693 scopus 로고    scopus 로고
    • Competition and corporate performance
    • Nickell, S. 1996: Competition and corporate performance. Journal of Political Economy 104: 724-746.
    • (1996) Journal of Political Economy , vol.104 , pp. 724-746
    • Nickell, S.1
  • 43
    • 0003625206 scopus 로고    scopus 로고
    • Organization for Economic Cooperation and Development
    • OECD, 1999: OECD principles of corporate governance. Organization for Economic Cooperation and Development. http://www.oecd.org/daf/governance/principles.htm
    • (1999) OECD Principles of Corporate Governance
  • 44
    • 0002582258 scopus 로고    scopus 로고
    • From workplace attitudes and values to a global pattern of nations: An application of latent class modeling
    • Peace, CL and Osmond, CP. 1999: From workplace attitudes and values to a global pattern of nations: an application of latent class modeling. Journal of Management 25: 759-778.
    • (1999) Journal of Management , vol.25 , pp. 759-778
    • Peace, C.L.1    Osmond, C.P.2
  • 47
    • 0002150346 scopus 로고
    • The promise of the governed corporation
    • Pound, J. 1995: The promise of the governed corporation. Harvard Business Review 73(2): 89-98.
    • (1995) Harvard Business Review , vol.73 , Issue.2 , pp. 89-98
    • Pound, J.1
  • 48
    • 80053513918 scopus 로고    scopus 로고
    • Choice of internationalization mode among Norwegian shipping firms
    • Randpy, T. 2001: Choice of internationalization mode among Norwegian shipping firms. International Journal of Maritime Economics 3: 298-259.
    • (2001) International Journal of Maritime Economics , vol.3 , pp. 259-298
    • Randpy, T.1
  • 49
  • 51
    • 0001026456 scopus 로고    scopus 로고
    • A survey of corporate governance
    • Shleifer, A and Vishny RW. 1997: A survey of corporate governance. Journal of Finance 52: 737-783.
    • (1997) Journal of Finance , vol.52 , pp. 737-783
    • Shleifer, A.1    Vishny, R.W.2
  • 52
    • 0035643936 scopus 로고    scopus 로고
    • The impact of boards on strategy
    • Stiles, P. 2001: The impact of boards on strategy. Journal of Management Studies 38: 627-650.
    • (2001) Journal of Management Studies , vol.38 , pp. 627-650
    • Stiles, P.1
  • 53
    • 0031522854 scopus 로고    scopus 로고
    • The role of outside directors in bank acquisitions
    • Subrahmanyam, V and Rangan, N. 1997: The role of outside directors in bank acquisitions. Financial Management 26(3): 23-36.
    • (1997) Financial Management , vol.26 , Issue.3 , pp. 23-36
    • Subrahmanyam, V.1    Rangan, N.2
  • 54
    • 0000251280 scopus 로고    scopus 로고
    • Ownership structure and economic performance in the largest European companies
    • Thomsen, S and Pedersen, T. 2000: Ownership structure and economic performance in the largest European companies. Strategic Management Journal 21: 689-705.
    • (2000) Strategic Management Journal , vol.21 , pp. 689-705
    • Thomsen, S.1    Pedersen, T.2
  • 55
    • 3042553854 scopus 로고    scopus 로고
    • Corporate leadership in a globalizing equity market
    • Useem, M. 1998: Corporate leadership in a globalizing equity market. Academy of Management Executive 12(4): 43-59.
    • (1998) Academy of Management Executive , vol.12 , Issue.4 , pp. 43-59
    • Useem, M.1
  • 56
    • 0000837829 scopus 로고
    • On the efficiency of internal and external corporate governance control mechanisms
    • Walsh, JP and Seward, JK. 1990: On the efficiency of internal and external corporate governance control mechanisms. Academy of Management Review 15: 421-458.
    • (1990) Academy of Management Review , vol.15 , pp. 421-458
    • Walsh, J.P.1    Seward, J.K.2
  • 57
    • 0030078208 scopus 로고    scopus 로고
    • Higher market values of companies with a small board of directors
    • Yermack, D. 1996: Higher market values of companies with a small board of directors. Journal of Financial Economics 40: 185-211.
    • (1996) Journal of Financial Economics , vol.40 , pp. 185-211
    • Yermack, D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.