메뉴 건너뛰기




Volumn 61, Issue 6, 2008, Pages 615-622

Board independence, firm performance and ownership concentration: Evidence from Chile

Author keywords

Boards; Chile; Corporate governance; Emerging economies; Ownership structure

Indexed keywords


EID: 41849116679     PISSN: 01482963     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbusres.2007.06.036     Document Type: Article
Times cited : (196)

References (16)
  • 1
    • 85015492969 scopus 로고    scopus 로고
    • Board composition, managerial ownership, and firm performance: an empirical analysis
    • Barnhart S., and Rosenstein S. Board composition, managerial ownership, and firm performance: an empirical analysis. Financ Rev 33 (1998) 1-16
    • (1998) Financ Rev , vol.33 , pp. 1-16
    • Barnhart, S.1    Rosenstein, S.2
  • 2
    • 33745787883 scopus 로고    scopus 로고
    • Does corporate governance predict firm's market values? Evidence from Korea
    • Black B., Jang H., and Him W. Does corporate governance predict firm's market values? Evidence from Korea. J Law Econ Organ 22 (2006) 366-413
    • (2006) J Law Econ Organ , vol.22 , pp. 366-413
    • Black, B.1    Jang, H.2    Him, W.3
  • 3
    • 33645852244 scopus 로고    scopus 로고
    • Predicting firms' corporate governance choices: evidence from Korea
    • Black B., Jang H., and Him W. Predicting firms' corporate governance choices: evidence from Korea. J Corp Finance 12 (2006) 660-691
    • (2006) J Corp Finance , vol.12 , pp. 660-691
    • Black, B.1    Jang, H.2    Him, W.3
  • 4
    • 84935941592 scopus 로고
    • The structure of corporate ownership: causes and consequences
    • Demsetz H., and Lehn K. The structure of corporate ownership: causes and consequences. J Polit Econ 93 (1985) 1155-1177
    • (1985) J Polit Econ , vol.93 , pp. 1155-1177
    • Demsetz, H.1    Lehn, K.2
  • 5
    • 0000806744 scopus 로고
    • Agency problems and the theory of the firm
    • Fama E. Agency problems and the theory of the firm. J Polit Econ 88 (1980) 288-307
    • (1980) J Polit Econ , vol.88 , pp. 288-307
    • Fama, E.1
  • 6
    • 41849115101 scopus 로고    scopus 로고
    • Fama E., Jensen M. Separation of ownership and control. Michael C. Jensen, Foundations of organizational strategy, Harvard University Press, 1998, and Journal of Law and Economics 1983;26:301-325.
    • Fama E., Jensen M. Separation of ownership and control. Michael C. Jensen, Foundations of organizational strategy, Harvard University Press, 1998, and Journal of Law and Economics 1983;26:301-325.
  • 7
    • 0043270428 scopus 로고    scopus 로고
    • Corporate governance and dividend pay-out policy in Germany
    • Gugler K., and Yurtoglu B.B. Corporate governance and dividend pay-out policy in Germany. Eur Econ Rev 47 (2003) 731-758
    • (2003) Eur Econ Rev , vol.47 , pp. 731-758
    • Gugler, K.1    Yurtoglu, B.B.2
  • 8
    • 0000504678 scopus 로고
    • The determinants of board composition
    • Hermalin B., and Weisbach M. The determinants of board composition. Rand J Econ 19 (1988) 589-606
    • (1988) Rand J Econ , vol.19 , pp. 589-606
    • Hermalin, B.1    Weisbach, M.2
  • 9
    • 0012583968 scopus 로고    scopus 로고
    • Boards of Directors as an endogenously determined institution: a survey of the economic literature
    • Hermalin B., and Weisbach M. Boards of Directors as an endogenously determined institution: a survey of the economic literature. Econ Policy Rev 9 (2003) 7-26
    • (2003) Econ Policy Rev , vol.9 , pp. 7-26
    • Hermalin, B.1    Weisbach, M.2
  • 10
    • 44649197264 scopus 로고
    • Theory of the firm: managerial behaviour, agency costs and ownership structure
    • Jensen M., and Meckling W. Theory of the firm: managerial behaviour, agency costs and ownership structure. J Financ Econ 3 (1976) 305-360
    • (1976) J Financ Econ , vol.3 , pp. 305-360
    • Jensen, M.1    Meckling, W.2
  • 11
    • 4043143877 scopus 로고    scopus 로고
    • Ownership and capital structure of Chilean conglomerates: facts and hypotheses for governance
    • Lefort F., and Walker E. Ownership and capital structure of Chilean conglomerates: facts and hypotheses for governance. ABANTE 3 (2000) 3-27
    • (2000) ABANTE , vol.3 , pp. 3-27
    • Lefort, F.1    Walker, E.2
  • 12
    • 34547689606 scopus 로고    scopus 로고
    • Do markets penalize agency conflicts between controlling and minority shareholders? Evidence from Chile
    • September
    • Lefort F., and Walker E. Do markets penalize agency conflicts between controlling and minority shareholders? Evidence from Chile. The Developing Economies (2007) September
    • (2007) The Developing Economies
    • Lefort, F.1    Walker, E.2
  • 13
    • 41849089039 scopus 로고    scopus 로고
    • The effect of agency conflicts on payout policies: the Chilean case
    • Lefort F. The effect of agency conflicts on payout policies: the Chilean case. Forthcoming Trimestre Económico (2007)
    • (2007) Forthcoming Trimestre Económico
    • Lefort, F.1
  • 14
    • 0034134685 scopus 로고    scopus 로고
    • Factors affecting the characteristics of boards of directors: an empirical study of New Zealand initial public offering firms
    • Mak Y.T., and Roush M.L. Factors affecting the characteristics of boards of directors: an empirical study of New Zealand initial public offering firms. J Bus Res 47 (2000) 147-159
    • (2000) J Bus Res , vol.47 , pp. 147-159
    • Mak, Y.T.1    Roush, M.L.2
  • 15
    • 0142118652 scopus 로고    scopus 로고
    • The impact of foreign board membership on firm value
    • Oxelheim L., and Randoy T. The impact of foreign board membership on firm value. J Bank Financ 27 (2003) 2369-2392
    • (2003) J Bank Financ , vol.27 , pp. 2369-2392
    • Oxelheim, L.1    Randoy, T.2
  • 16
    • 31844454229 scopus 로고    scopus 로고
    • Family ties, interlocking directors and performance of business groups in emerging countries: the case of Chile
    • Silva F., Majluf N., and Paredes R. Family ties, interlocking directors and performance of business groups in emerging countries: the case of Chile. J Bus Res 59 (2006) 315-321
    • (2006) J Bus Res , vol.59 , pp. 315-321
    • Silva, F.1    Majluf, N.2    Paredes, R.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.