메뉴 건너뛰기




Volumn 30, Issue 3, 2009, Pages 261-285

With greater power comes greater responsibility? takeover protection and corporate attention to stakeholders

Author keywords

Agency theory; Corporate governance; Corporate social responsibility; Shareholder value; Short termism; Stakeholder management

Indexed keywords

INDUSTRIAL MANAGEMENT; MANAGERS;

EID: 62549122534     PISSN: 01432095     EISSN: 10970266     Source Type: Journal    
DOI: 10.1002/smj.733     Document Type: Review
Times cited : (289)

References (109)
  • 1
    • 62549165999 scopus 로고    scopus 로고
    • When boards say 'no deal' to holders. New York Times 6 October
    • Abelson R. 1996. When boards say 'no deal' to holders. New York Times 6 October, Business 4.
    • (1996) Business , vol.4
    • Abelson, R.1
  • 2
    • 0042324813 scopus 로고
    • Our schizophrenic conception of the business corporation
    • Allen WT. 1992. Our schizophrenic conception of the business corporation. Cardozo Law Review 14: 261-281.
    • (1992) Cardozo Law Review , vol.14 , pp. 261-281
    • Allen, W.T.1
  • 7
    • 0033247292 scopus 로고    scopus 로고
    • Does stakeholder orientation matter? The relationship between stakeholder management models and firm financial performance
    • Berman SL, Wicks AC, Kotha S, Jones TM. 1999. Does stakeholder orientation matter? The relationship between stakeholder management models and firm financial performance. Academy of Management Journal 42(5): 488-506.
    • (1999) Academy of Management Journal , vol.42 , Issue.5 , pp. 488-506
    • Berman, S.L.1    Wicks, A.C.2    Kotha, S.3    Jones, T.M.4
  • 8
    • 0344983396 scopus 로고    scopus 로고
    • Enjoying the quiet life? Corporate governance and managerial preferences
    • Bertrand M, Mullainathan S. 2003. Enjoying the quiet life? Corporate governance and managerial preferences. Journal of Political Economy 111: 1043-1075.
    • (2003) Journal of Political Economy , vol.111 , pp. 1043-1075
    • Bertrand, M.1    Mullainathan, S.2
  • 9
    • 0004266583 scopus 로고
    • South-Western Publishing: Cincinnati, OH
    • Caroll AB. 1989. Business and Society. South-Western Publishing: Cincinnati, OH.
    • (1989) Business and Society
    • Caroll, A.B.1
  • 12
    • 62549143704 scopus 로고    scopus 로고
    • Clarkson M. 1995. A stakeholder framework for analyzing and evaluating corporate social performance. Academy of Management Review 20: 92-117. Coffey BS, Wang J. 1998. Board diversity and managerial control as predictors of corporate social performance. Journal of Business Ethics 17: 1595-1603.
    • Clarkson M. 1995. A stakeholder framework for analyzing and evaluating corporate social performance. Academy of Management Review 20: 92-117. Coffey BS, Wang J. 1998. Board diversity and managerial control as predictors of corporate social performance. Journal of Business Ethics 17: 1595-1603.
  • 13
    • 0000380080 scopus 로고
    • Poison pill or placebo? Evidence on the deterrence and wealth effects of modem antitakeover measures
    • Comment R, Schwert GW. 1995. Poison pill or placebo? Evidence on the deterrence and wealth effects of modem antitakeover measures. Journal of Financial Economics 39(1): 3-43.
    • (1995) Journal of Financial Economics , vol.39 , Issue.1 , pp. 3-43
    • Comment, R.1    Schwert, G.W.2
  • 14
    • 62549130487 scopus 로고    scopus 로고
    • The new accountability: Tracking the social costs. New York Times 24 March
    • Cortese A. 2002. The new accountability: tracking the social costs. New York Times 24 March, Business 4.
    • (2002) Business , vol.4
    • Cortese, A.1
  • 15
    • 0000544450 scopus 로고    scopus 로고
    • Does Delaware law improve firm value?
    • Daines R. 2001. Does Delaware law improve firm value? Journal of Financial Economics 62: 559-571.
    • (2001) Journal of Financial Economics , vol.62 , pp. 559-571
    • Daines, R.1
  • 16
    • 84894285121 scopus 로고
    • A social movement perspective on corporate control
    • Davis GF, Thompson TA. 1994. A social movement perspective on corporate control. Administrative Science Quarterly 39(1): 141-173.
    • (1994) Administrative Science Quarterly , vol.39 , Issue.1 , pp. 141-173
    • Davis, G.F.1    Thompson, T.A.2
  • 18
    • 33646192705 scopus 로고    scopus 로고
    • The effects of CEO pay structure on corporate social performance
    • Deckop JR, Merriman KK, Gupta S. 2006. The effects of CEO pay structure on corporate social performance. Journal of Management 32(3): 329-342.
    • (2006) Journal of Management , vol.32 , Issue.3 , pp. 329-342
    • Deckop, J.R.1    Merriman, K.K.2    Gupta, S.3
  • 19
    • 0030305470 scopus 로고    scopus 로고
    • Modes of theorizing in strategic human resource management: Tests of universalistic, contingency, and configurational performance predictions
    • Delery J, Doty DH. 1996. Modes of theorizing in strategic human resource management: tests of universalistic, contingency, and configurational performance predictions. Academy of Management Journal 39: 802-835.
    • (1996) Academy of Management Journal , vol.39 , pp. 802-835
    • Delery, J.1    Doty, D.H.2
  • 21
    • 21844463321 scopus 로고
    • The stakeholder theory of the corporation: Concepts, evidence, and implications
    • Donaldson T, Preston LE. 1995. The stakeholder theory of the corporation: concepts, evidence, and implications. Academy of Management Review 20(1): 65-91.
    • (1995) Academy of Management Review , vol.20 , Issue.1 , pp. 65-91
    • Donaldson, T.1    Preston, L.E.2
  • 22
    • 0002459535 scopus 로고
    • A crisis of capitalism
    • 30 September, 31
    • Drucker P. 1986. A crisis of capitalism. Wall Street Journal 30 September, 31.
    • (1986) Wall Street Journal
    • Drucker, P.1
  • 23
    • 80052884981 scopus 로고
    • The proper role of a target's management in responding to a tender offer
    • Easterbrook FH, Fischel DR. 1981. The proper role of a target's management in responding to a tender offer. Harvard Law Review 94: 1161-1204.
    • (1981) Harvard Law Review , vol.94 , pp. 1161-1204
    • Easterbrook, F.H.1    Fischel, D.R.2
  • 25
    • 0001336426 scopus 로고
    • Agency Theory: An Assessment and Review
    • Eisenhardt KM. 1989. Agency Theory: An Assessment and Review. Academy of Management Review 14(1): 57-74.
    • (1989) Academy of Management Review , vol.14 , Issue.1 , pp. 57-74
    • Eisenhardt, K.M.1
  • 26
    • 0141521862 scopus 로고    scopus 로고
    • The myth of social investing: A critique of its practice and consequences for corporate social performance research
    • Entine J. 2003. The myth of social investing: a critique of its practice and consequences for corporate social performance research. Organization & Environment 16(3): 352-368.
    • (2003) Organization & Environment , vol.16 , Issue.3 , pp. 352-368
    • Entine, J.1
  • 27
    • 0000480869 scopus 로고
    • Efficient capital markets: A review of theory and empirical work
    • Fama EF. 1970. Efficient capital markets: a review of theory and empirical work. Journal of Finance 25(2): 383-417.
    • (1970) Journal of Finance , vol.25 , Issue.2 , pp. 383-417
    • Fama, E.F.1
  • 28
    • 0000806744 scopus 로고
    • Agency problems and the theory of the firm
    • Fama EF. 1980. Agency problems and the theory of the firm. Journal of Political Economy 88: 288-307.
    • (1980) Journal of Political Economy , vol.88 , pp. 288-307
    • Fama, E.F.1
  • 31
    • 0001223696 scopus 로고
    • The politics of stakeholder theory: Some future directions
    • Freeman RE. 1994. The politics of stakeholder theory: some future directions. Business Ethics Quarterly 4(4): 409-421.
    • (1994) Business Ethics Quarterly , vol.4 , Issue.4 , pp. 409-421
    • Freeman, R.E.1
  • 34
    • 3142712929 scopus 로고    scopus 로고
    • Stakeholder theory and 'the corporate objective revisited.' Organization
    • Freeman RE, Wicks AC, Parmar B. 2004. Stakeholder theory and 'the corporate objective revisited.' Organization Science 15(3): 364-369.
    • (2004) Science , vol.15 , Issue.3 , pp. 364-369
    • Freeman, R.E.1    Wicks, A.C.2    Parmar, B.3
  • 35
    • 0001788578 scopus 로고
    • The social responsibility of business is to increase its profits
    • 13 September
    • Friedman M. 1970. The social responsibility of business is to increase its profits. New York Times Magazine, 13 September, 32-33.
    • (1970) New York Times Magazine , pp. 32-33
    • Friedman, M.1
  • 36
    • 84977717550 scopus 로고
    • Herd on the street: Informational inefficiencies in a market with short-term speculation
    • Froot KA, Scharstein DS, Stein JC. 1992. Herd on the street: informational inefficiencies in a market with short-term speculation. Journal of Finance 47: 1461-1484.
    • (1992) Journal of Finance , vol.47 , pp. 1461-1484
    • Froot, K.A.1    Scharstein, D.S.2    Stein, J.C.3
  • 38
    • 0031287462 scopus 로고    scopus 로고
    • An urban grants economy revisited: Corporate charitable contributions in the Twin Cities, 1979-81, 1987'-89
    • Galaskiewicz J. 1997. An urban grants economy revisited: corporate charitable contributions in the Twin Cities, 1979-81, 1987'-89. Administrative Science Quarterly 42(3): 445-471.
    • (1997) Administrative Science Quarterly , vol.42 , Issue.3 , pp. 445-471
    • Galaskiewicz, J.1
  • 40
    • 0041295400 scopus 로고
    • Institutional owners and corporate social performance
    • Graves SB, Waddock SA. 1994. Institutional owners and corporate social performance. Academy of Management Journal 37: 1034-1046.
    • (1994) Academy of Management Journal , vol.37 , pp. 1034-1046
    • Graves, S.B.1    Waddock, S.A.2
  • 41
    • 0033481252 scopus 로고    scopus 로고
    • A bias toward short-term thinking in threat-related negative emotional states
    • Gray JR. 1999. A bias toward short-term thinking in threat-related negative emotional states. Personality and Social Psychology Bulletin 25(1): 65-75.
    • (1999) Personality and Social Psychology Bulletin , vol.25 , Issue.1 , pp. 65-75
    • Gray, J.R.1
  • 42
    • 9344224062 scopus 로고
    • A natural-resource-based view of the firm
    • Hart S. 1995. A natural-resource-based view of the firm. Academy of Management Review 20(4): 986-1014.
    • (1995) Academy of Management Review , vol.20 , Issue.4 , pp. 986-1014
    • Hart, S.1
  • 43
    • 0000250716 scopus 로고
    • Specification tests in econometrics
    • Hausman JA. 1978. Specification tests in econometrics. Econornetrica 46: 1252-1271.
    • (1978) Econornetrica , vol.46 , pp. 1252-1271
    • Hausman, J.A.1
  • 45
    • 0038159332 scopus 로고    scopus 로고
    • Shareholder value, stakeholder management, and social issues: What's the bottom line?
    • Hillman AJ, Keim GD. 2001. Shareholder value, stakeholder management, and social issues: what's the bottom line? Strategic Management Journal 22(2): 125-139.
    • (2001) Strategic Management Journal , vol.22 , Issue.2 , pp. 125-139
    • Hillman, A.J.1    Keim, G.D.2
  • 48
    • 0035536553 scopus 로고    scopus 로고
    • Jawahar 1M, McLaughlin GL. 2001. Toward a descriptive stakeholder theory: an organizational life cycle approach. Academy of Management Review 26(3): 397-414.
    • Jawahar 1M, McLaughlin GL. 2001. Toward a descriptive stakeholder theory: an organizational life cycle approach. Academy of Management Review 26(3): 397-414.
  • 50
    • 0036328813 scopus 로고    scopus 로고
    • Value maximization, stakeholder theory, and the corporate objective function
    • Jensen MC. 2002. Value maximization, stakeholder theory, and the corporate objective function. Business Ethics Quarterly 12: 235-256.
    • (2002) Business Ethics Quarterly , vol.12 , pp. 235-256
    • Jensen, M.C.1
  • 51
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs and ownership structure
    • Jensen MC, Meckling WH. 1976. Theory of the firm: managerial behavior, agency costs and ownership structure. Journal of Financial Economics 3: 305-360.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.H.2
  • 54
    • 34447504242 scopus 로고
    • The market for corporate control: The scientific evidence
    • Jensen MC, Ruback RS. 1983. The market for corporate control: the scientific evidence. Journal of Financial Economics 11: 5-50.
    • (1983) Journal of Financial Economics , vol.11 , pp. 5-50
    • Jensen, M.C.1    Ruback, R.S.2
  • 55
    • 62549163581 scopus 로고    scopus 로고
    • Organization-level antecedents of stakeholder conflict: A comparative case study
    • Johnson-Cramer ME. 2004. Organization-level antecedents of stakeholder conflict: a comparative case study. Academy of Management Proceedings, F1-F6.
    • (2004) Academy of Management Proceedings
    • Johnson-Cramer, M.E.1
  • 56
    • 0033247298 scopus 로고    scopus 로고
    • The effects of corporate governance and institutional ownership types on corporate social performance
    • Johnson RA, Greening DW. 1999. The effects of corporate governance and institutional ownership types on corporate social performance. Academy of Management Journal 42(5): 564-576.
    • (1999) Academy of Management Journal , vol.42 , Issue.5 , pp. 564-576
    • Johnson, R.A.1    Greening, D.W.2
  • 57
    • 21844519987 scopus 로고
    • Instrumental stakeholder theory: A synthesis of ethics and economics
    • Jones TM. 1995. Instrumental stakeholder theory: a synthesis of ethics and economics. Academy of Management Review 20(2): 404-437.
    • (1995) Academy of Management Review , vol.20 , Issue.2 , pp. 404-437
    • Jones, T.M.1
  • 59
    • 0000176289 scopus 로고
    • The wealth effects of second-generation state takeover legislation
    • Karpoff JM, Malatesta PH. 1989. The wealth effects of second-generation state takeover legislation. Journal of Financial Economics 25: 291-322.
    • (1989) Journal of Financial Economics , vol.25 , pp. 291-322
    • Karpoff, J.M.1    Malatesta, P.H.2
  • 60
    • 0040205468 scopus 로고
    • State takeover legislation and share values: The wealth effects of Pennsylvania's Act 36
    • Karpoff JM, Malatesta PH. 1995. State takeover legislation and share values: the wealth effects of Pennsylvania's Act 36. Journal of Corporate Finance 1: 367-382.
    • (1995) Journal of Corporate Finance , vol.1 , pp. 367-382
    • Karpoff, J.M.1    Malatesta, P.H.2
  • 61
    • 62549135866 scopus 로고    scopus 로고
    • Kaysen C. 1957. The social significance of the modern corporation. American Economic Review (Papers and Proceedings of the Sixty-eighth annual meeting of the American Economic Association) 47(2): 311-319.
    • Kaysen C. 1957. The social significance of the modern corporation. American Economic Review (Papers and Proceedings of the Sixty-eighth annual meeting of the American Economic Association) 47(2): 311-319.
  • 62
    • 0034553083 scopus 로고    scopus 로고
    • Assessing the contribution of venture capital to innovation
    • Kortum S, Lemer J. 2000. Assessing the contribution of venture capital to innovation. RAND Journal of Economics 31(4): 674-692.
    • (2000) RAND Journal of Economics , vol.31 , Issue.4 , pp. 674-692
    • Kortum, S.1    Lemer, J.2
  • 63
    • 0000917563 scopus 로고
    • Effects of board demography and directors' incentives on corporate greenmail decisions
    • Kosnik RD. 1990. Effects of board demography and directors' incentives on corporate greenmail decisions. Academy of Management Journal 33(1): 129-151.
    • (1990) Academy of Management Journal , vol.33 , Issue.1 , pp. 129-151
    • Kosnik, R.D.1
  • 64
    • 1542740640 scopus 로고
    • Human resource systems and sustained competitive advantages: A competencybased perspective
    • Lado AA, Wilson MC. 1994. Human resource systems and sustained competitive advantages: a competencybased perspective Academy of Management Review 19: 699-727.
    • (1994) Academy of Management Review , vol.19 , pp. 699-727
    • Lado, A.A.1    Wilson, M.C.2
  • 65
    • 0030509373 scopus 로고    scopus 로고
    • Economic 'short-termism': The debate, the unresolved issues, and the implications for management practice and research
    • Laverty KJ. 1996. Economic 'short-termism': the debate, the unresolved issues, and the implications for management practice and research. Academy of Management Review 21(3): 825-860.
    • (1996) Academy of Management Review , vol.21 , Issue.3 , pp. 825-860
    • Laverty, K.J.1
  • 66
    • 0002206621 scopus 로고
    • Tobin's q ratio and industrial organization
    • Lindenberg EB, Ross SA. 1981. Tobin's q ratio and industrial organization. Journal of Business 54: 1-32.
    • (1981) Journal of Business , vol.54 , pp. 1-32
    • Lindenberg, E.B.1    Ross, S.A.2
  • 67
    • 33750806019 scopus 로고    scopus 로고
    • Corporate social responsibility, customer satisfaction, and market value
    • Luo X, Bhattacharya CB. 2006. Corporate social responsibility, customer satisfaction, and market value. Journal of Marketing 70: 1-18.
    • (2006) Journal of Marketing , vol.70 , pp. 1-18
    • Luo, X.1    Bhattacharya, C.B.2
  • 68
    • 84989133355 scopus 로고
    • An empirical investigation of the effect of corporate charter antitakeover amendments on stockholder wealth
    • Mahoney JM, Mahoney TM. 1993. An empirical investigation of the effect of corporate charter antitakeover amendments on stockholder wealth. Strategic Management Journal 14(1): 17-31.
    • (1993) Strategic Management Journal , vol.14 , Issue.1 , pp. 17-31
    • Mahoney, J.M.1    Mahoney, T.M.2
  • 69
    • 0000297803 scopus 로고
    • Mergers and the market for corporate control
    • Manne H. 1965. Mergers and the market for corporate control. Journal of Political Economy 73(2): 110-120.
    • (1965) Journal of Political Economy , vol.73 , Issue.2 , pp. 110-120
    • Manne, H.1
  • 70
    • 32944464116 scopus 로고    scopus 로고
    • Measurement of corporate social action: Discovering taxonomy in the Kinder Lydenburg Domini ratings data
    • Mattingly JE, Berman SL. 2006. Measurement of corporate social action: discovering taxonomy in the Kinder Lydenburg Domini ratings data. Business & Society 45(1): 20-46.
    • (2006) Business & Society , vol.45 , Issue.1 , pp. 20-46
    • Mattingly, J.E.1    Berman, S.L.2
  • 71
    • 0040432627 scopus 로고
    • Theories of the corporation
    • Millon D. 1990. Theories of the corporation. Duke Law Journal 2: 201-262.
    • (1990) Duke Law Journal , vol.2 , pp. 201-262
    • Millon, D.1
  • 72
    • 33645896609 scopus 로고
    • Management ownership and market valuation: An empirical analysis
    • Morck R, Shleifer A, Vishny RW. 1988. Management ownership and market valuation: an empirical analysis. Journal of Financial Economics 20: 293-315.
    • (1988) Journal of Financial Economics , vol.20 , pp. 293-315
    • Morck, R.1    Shleifer, A.2    Vishny, R.W.3
  • 73
    • 0039027651 scopus 로고    scopus 로고
    • Taking stock: Equity-based compensation and the evolution of managerial ownership
    • Ofek E, Yermack D. 2000. Taking stock: equity-based compensation and the evolution of managerial ownership. Journal of Finance 55: 1367-1384.
    • (2000) Journal of Finance , vol.55 , pp. 1367-1384
    • Ofek, E.1    Yermack, D.2
  • 77
    • 84936824259 scopus 로고
    • The effects of antitakeover amendments on takeover activity: Some direct evidence
    • Pound J. 1987. The effects of antitakeover amendments on takeover activity: some direct evidence. Journal of Law and Economics 30(2): 353-367.
    • (1987) Journal of Law and Economics , vol.30 , Issue.2 , pp. 353-367
    • Pound, J.1
  • 78
    • 0013590421 scopus 로고
    • Proxy contests and the efficiency of shareholder oversight
    • Pound J. 1988. Proxy contests and the efficiency of shareholder oversight. Journal of Financial Economics 20: 237-265.
    • (1988) Journal of Financial Economics , vol.20 , pp. 237-265
    • Pound, J.1
  • 80
    • 84920431829 scopus 로고
    • Public pension fund activism in corporate governance reconsidered
    • Romano R. 1993. Public pension fund activism in corporate governance reconsidered. Columbia Law Review 93(4): 795-853.
    • (1993) Columbia Law Review , vol.93 , Issue.4 , pp. 795-853
    • Romano, R.1
  • 81
    • 0001740117 scopus 로고
    • The effect of poison pill securities on shareholder wealth
    • Ryngaert M. 1988. The effect of poison pill securities on shareholder wealth. Journal of Financial Economics 20: 377-417.
    • (1988) Journal of Financial Economics , vol.20 , pp. 377-417
    • Ryngaert, M.1
  • 82
    • 33645513764 scopus 로고    scopus 로고
    • Exploring the financial value of a reputation for corporate social responsibility during a crisis
    • Schnietz KE, Epstein MJ. 2005. Exploring the financial value of a reputation for corporate social responsibility during a crisis. Corporate Reputation Review 7(4): 327-345.
    • (2005) Corporate Reputation Review , vol.7 , Issue.4 , pp. 327-345
    • Schnietz, K.E.1    Epstein, M.J.2
  • 83
    • 0040211631 scopus 로고    scopus 로고
    • Hostility in takeovers: In the eyes of the beholder?
    • Schwert W. 2000. Hostility in takeovers: in the eyes of the beholder? Journal of Finance 55(6): 2599-2640.
    • (2000) Journal of Finance , vol.55 , Issue.6 , pp. 2599-2640
    • Schwert, W.1
  • 84
    • 0035534137 scopus 로고    scopus 로고
    • Does doing good always lead to doing better? Consumer reactions to corporate social responsibility
    • Sen S, Bhattacharya CB. 2001. Does doing good always lead to doing better? Consumer reactions to corporate social responsibility Journal of Marketing Research 38: 225-244.
    • (2001) Journal of Marketing Research , vol.38 , pp. 225-244
    • Sen, S.1    Bhattacharya, C.B.2
  • 85
    • 0030101083 scopus 로고    scopus 로고
    • The construct validity of the Kinder, Lydenberg, and Domini social performance ratings data
    • Sharfman M. 1996. The construct validity of the Kinder, Lydenberg, and Domini social performance ratings data. Journal of Business Ethics 15(3): 287-296.
    • (1996) Journal of Business Ethics , vol.15 , Issue.3 , pp. 287-296
    • Sharfman, M.1
  • 86
    • 0002054507 scopus 로고
    • Breach of trust in hostile takeovers
    • Auerbach AJ ed, The University of Chicago Press: Chicago, IL;
    • Shleifer A, Summers LH. 1988. Breach of trust in hostile takeovers. In Corporate Takeovers: Causes and Consequences, Auerbach AJ (ed). The University of Chicago Press: Chicago, IL; 33-69.
    • (1988) Corporate Takeovers: Causes and Consequences , pp. 33-69
    • Shleifer, A.1    Summers, L.H.2
  • 88
    • 0001026456 scopus 로고    scopus 로고
    • A survey of corporate governance
    • Shleifer A, Vishny RW. 1997. A survey of corporate governance. Journal of Finance 52(2): 737-783.
    • (1997) Journal of Finance , vol.52 , Issue.2 , pp. 737-783
    • Shleifer, A.1    Vishny, R.W.2
  • 89
    • 21844483581 scopus 로고
    • The role of corporations in achieving ecological sustainability
    • Shrivastava P. 1995. The role of corporations in achieving ecological sustainability. Academy of Management Review 20(4): 936-960.
    • (1995) Academy of Management Review , vol.20 , Issue.4 , pp. 936-960
    • Shrivastava, P.1
  • 90
    • 0001312143 scopus 로고
    • Threat rigidity effects in organizational behavior: A multilevel analysis
    • StawBM, Sandelands LE, Dutton JE. 1981. Threat rigidity effects in organizational behavior: a multilevel analysis. Administrative Science Quarterly 26(4): 501-524.
    • (1981) Administrative Science Quarterly , vol.26 , Issue.4 , pp. 501-524
    • Staw, B.M.1    Sandelands, L.E.2    Dutton, J.E.3
  • 91
    • 84934564015 scopus 로고
    • Takeover threats and managerial myopia
    • Stein JC. 1988. Takeover threats and managerial myopia. Journal of Political Economy 6(1): 61-80.
    • (1988) Journal of Political Economy , vol.6 , Issue.1 , pp. 61-80
    • Stein, J.C.1
  • 92
    • 0036018212 scopus 로고    scopus 로고
    • The influence of antitakeover statutes on incorporation choice: Evidence on the 'race' debate and antitakeover overreaching
    • Subramanian G. 2002. The influence of antitakeover statutes on incorporation choice: evidence on the 'race' debate and antitakeover overreaching. University of Pennsylvania Law Review 150(6): 1795-1873.
    • (2002) University of Pennsylvania Law Review , vol.150 , Issue.6 , pp. 1795-1873
    • Subramanian, G.1
  • 94
    • 3142746718 scopus 로고    scopus 로고
    • The corporate objective revisited
    • Sundaram AK, Inkpen AC. 2004. The corporate objective revisited. Organization Science 15(3): 350-363.
    • (2004) Organization Science , vol.15 , Issue.3 , pp. 350-363
    • Sundaram, A.K.1    Inkpen, A.C.2
  • 95
    • 84990553637 scopus 로고
    • Proposals for internationally competitive corporate governance in Britain and America
    • Sykes A. 1994. Proposals for internationally competitive corporate governance in Britain and America. Corporate Governance 2: 187-195.
    • (1994) Corporate Governance , vol.2 , pp. 187-195
    • Sykes, A.1
  • 96
    • 0032388753 scopus 로고    scopus 로고
    • Capturing value from knowledge assets: The new economy, markets for know-how and intangible assets
    • Teece D. 1998. Capturing value from knowledge assets: the new economy, markets for know-how and intangible assets. California Management Review 40(3): 55-79.
    • (1998) California Management Review , vol.40 , Issue.3 , pp. 55-79
    • Teece, D.1
  • 97
    • 0002424013 scopus 로고    scopus 로고
    • Corporate governance
    • Tirole J. 2001. Corporate governance. Econometrica 69(1): 1-35.
    • (2001) Econometrica , vol.69 , Issue.1 , pp. 1-35
    • Tirole, J.1
  • 98
    • 0001524993 scopus 로고
    • The effect of capital structure on a firm's liquidation decision
    • Titman S. 1984. The effect of capital structure on a firm's liquidation decision. Journal of Financial Economics 13(1): 137-151.
    • (1984) Journal of Financial Economics , vol.13 , Issue.1 , pp. 137-151
    • Titman, S.1
  • 99
    • 21744445921 scopus 로고    scopus 로고
    • Corporate social performance and organizational attractiveness to prospective employees
    • Turban D, Greening D. 1997. Corporate social performance and organizational attractiveness to prospective employees Academy of Management Journal 40(3): 658-672.
    • (1997) Academy of Management Journal , vol.40 , Issue.3 , pp. 658-672
    • Turban, D.1    Greening, D.2
  • 100
    • 0001640778 scopus 로고    scopus 로고
    • The corporate social performance-financial performance link
    • Waddock SA, Graves SB. 1997. The corporate social performance-financial performance link. Strategic Management Journal 18(4): 303-319.
    • (1997) Strategic Management Journal , vol.18 , Issue.4 , pp. 303-319
    • Waddock, S.A.1    Graves, S.B.2
  • 101
    • 84989026655 scopus 로고
    • Mergers, acquisitions, and the pruning of managerial deadwood
    • Walsh JP, Ellwood JW. 1991. Mergers, acquisitions, and the pruning of managerial deadwood. Strategic Management Journal 12(3): 201-217.
    • (1991) Strategic Management Journal , vol.12 , Issue.3 , pp. 201-217
    • Walsh, J.P.1    Ellwood, J.W.2
  • 102
    • 0000837829 scopus 로고
    • On the efficiency of internal and external corporate control mechanisms
    • Walsh JP, Seward JK. 1990. On the efficiency of internal and external corporate control mechanisms. Academy of Management Review 15(3): 421-458.
    • (1990) Academy of Management Review , vol.15 , Issue.3 , pp. 421-458
    • Walsh, J.P.1    Seward, J.K.2
  • 103
    • 0000936910 scopus 로고
    • Board composition and corporate philanthropy
    • Wang J, Coffey BS. 1992. Board composition and corporate philanthropy. Journal of Business Ethics 11(10): 771-778.
    • (1992) Journal of Business Ethics , vol.11 , Issue.10 , pp. 771-778
    • Wang, J.1    Coffey, B.S.2
  • 104
    • 0033248829 scopus 로고    scopus 로고
    • Collaboration in the boardroom: Behavioral and performance consequences of CEO-board social ties
    • Westphal JD. 1999. Collaboration in the boardroom: behavioral and performance consequences of CEO-board social ties. Academy of Management Journal 42(1): 7-24.
    • (1999) Academy of Management Journal , vol.42 , Issue.1 , pp. 7-24
    • Westphal, J.D.1
  • 106
    • 0000856630 scopus 로고
    • Corporate social performance revisited
    • Wood DJ. 1991. Corporate social performance revisited. Academy of Management Review 16: 691-718.
    • (1991) Academy of Management Review , vol.16 , pp. 691-718
    • Wood, D.J.1
  • 108
    • 33644986230 scopus 로고    scopus 로고
    • Flights of fancy: Corporate jets, CEO perquisites, and inferior shareholder returns
    • Yermack D. 2006. Flights of fancy: corporate jets, CEO perquisites, and inferior shareholder returns. Journal of Financial Economics 80: 211-242.
    • (2006) Journal of Financial Economics , vol.80 , pp. 211-242
    • Yermack, D.1
  • 109
    • 0009450976 scopus 로고
    • Effects of corporate ownership and board structure on corporate social responsibility and financial performance
    • Zahra SA, Oviatt BM, Minyard K. 1993. Effects of corporate ownership and board structure on corporate social responsibility and financial performance. Academy of Management Best Paper Proceedings: 336-340.
    • (1993) Academy of Management Best Paper Proceedings , pp. 336-340
    • Zahra, S.A.1    Oviatt, B.M.2    Minyard, K.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.