메뉴 건너뛰기




Volumn 23, Issue 8, 2010, Pages 2935-2969

CEO replacement under private information

Author keywords

[No Author keywords available]

Indexed keywords


EID: 77954998069     PISSN: 08939454     EISSN: 14657368     Source Type: Journal    
DOI: 10.1093/rfs/hhq018     Document Type: Article
Times cited : (71)

References (44)
  • 1
    • 33846194158 scopus 로고    scopus 로고
    • A theory of friendly boards
    • Adams, R., and D. Ferreira. 2007. A Theory of Friendly Boards. Journal of Finance 62:217-250
    • (2007) Journal of Finance , vol.62 , pp. 217-250
    • Adams, R.1    Ferreira, D.2
  • 2
    • 0033018677 scopus 로고    scopus 로고
    • The other side of the tradeoff: The impact of risk on executive compensation
    • Aggarwal, R. K., and A. A. Samwick. 1999a. The Other Side of the Tradeoff: The Impact of Risk on Executive Compensation. Journal of Political Economy 107:65-105.
    • (1999) Journal of Political Economy , vol.107 , pp. 65-105
    • Aggarwal, R.K.1    Samwick, A.A.2
  • 3
    • 0002247009 scopus 로고    scopus 로고
    • Executive compensation, strategic competition, and relative performance evaluation: Theory and evidence
    • -. 1999b. Executive Compensation, Strategic Competition, and Relative Performance Evaluation: Theory and Evidence. Journal of Finance 54:1999-2043.
    • (1999) Journal of Finance , vol.54 , pp. 1999-2043
  • 4
    • 0742323902 scopus 로고    scopus 로고
    • The Match Between CEO and Firm
    • DOI 10.1086/367752
    • Allgood, S., and K. A. Farrell. 2003. The Match between CEO and Firm. Journal of Business 76:317-341 (Pubitemid 38148813)
    • (2003) Journal of Business , vol.76 , Issue.2 , pp. 317-341
    • Allgood, S.1    Farrell, K.A.2
  • 5
    • 0142250311 scopus 로고    scopus 로고
    • Entrenchment and Severance Pay in Optimal Governance Structures
    • Almazan, A., and J. Suarez. 2003. Entrenchment and Severance Pay in Optimal Governance Structures. Journal of Finance 58:519-548 (Pubitemid 36408619)
    • (2003) Journal of Finance , vol.58 , Issue.2 , pp. 519-548
    • Almazan, A.1    Suarez, J.2
  • 6
    • 84993907313 scopus 로고
    • Influence costs and capital structure
    • Bagwell, L. S., and J. Zechner. 1993. Influence Costs and Capital Structure. Journal of Finance 48:975-1008.
    • (1993) Journal of Finance , vol.48 , pp. 975-1008
    • Bagwell, L.S.1    Zechner, J.2
  • 9
    • 0039784061 scopus 로고    scopus 로고
    • Are CEOs rewarded for luck? the ones without principals are
    • -.2001. Are CEOs Rewarded for Luck? The Ones without Principals Are. Quarterly Journal of Economics 116:901-932
    • (2001) Quarterly Journal of Economics , vol.116 , pp. 901-932
  • 12
    • 0001245231 scopus 로고    scopus 로고
    • The use of equity grants to manage optimal equity incentive levels
    • Core, J., and W. Guay. 1999. The Use of Equity Grants to Manage Optimal Equity Incentive Levels. Journal of Accounting and Economics 28:151-184
    • (1999) Journal of Accounting and Economics , vol.28 , pp. 151-184
    • Core, J.1    Guay, W.2
  • 13
    • 46549097378 scopus 로고
    • Executive compensation, management turnover, and firm performance: An empirical investigation
    • Coughlan, A. T., and R. M. Schmidt. 1985. Executive Compensation, Management Turnover, and Firm Performance: An Empirical Investigation. Journal of Accounting and Economics 7:43-66.
    • (1985) Journal of Accounting and Economics , vol.7 , pp. 43-66
    • Coughlan, A.T.1    Schmidt, R.M.2
  • 15
    • 84935941592 scopus 로고
    • The structure of corporate ownership: Causes and consequences
    • Demsetz, H., and K. Lehn. 1985. The Structure of Corporate Ownership: Causes and Consequences. Journal of Political Economy 93:1155-1177
    • (1985) Journal of Political Economy , vol.93 , pp. 1155-1177
    • Demsetz, H.1    Lehn, K.2
  • 18
    • 36849034933 scopus 로고    scopus 로고
    • Managerial incentives, capital reallocation, and the business cycle
    • Eisfeldt, A. L., and A. A. Rampini. 2008. Managerial Incentives, Capital Reallocation, and the Business Cycle. Journal of Financial Economics 87:177-199
    • (2008) Journal of Financial Economics , vol.87 , pp. 177-199
    • Eisfeldt, A.L.1    Rampini, A.A.2
  • 19
    • 58449116370 scopus 로고    scopus 로고
    • Shareholder rights, boards, and CEO compensation
    • Fahlenbrach, R. 2009. Shareholder Rights, Boards, and CEO Compensation. Review of Finance 13:81-113.
    • (2009) Review of Finance , vol.13 , pp. 81-113
    • Fahlenbrach, R.1
  • 21
    • 33746191316 scopus 로고    scopus 로고
    • Synergies and internal agency conflicts: The double-edged sword of mergers
    • Fulghieri, P., and L. S. Hodrick. 2006. Synergies and Internal Agency Conflicts: The Double-Edged Sword of Mergers. Journal of Economics and Management Strategy 15:549-576
    • (2006) Journal of Economics and Management Strategy , vol.15 , pp. 549-576
    • Fulghieri, P.1    Hodrick, L.S.2
  • 22
    • 84937312959 scopus 로고
    • Executive compensation and principal-agent theory
    • Garen, J. E. 1994. Executive Compensation and Principal-Agent Theory. Journal of Political Economy 102:1175-1199
    • (1994) Journal of Political Economy , vol.102 , pp. 1175-1199
    • Garen, J.E.1
  • 23
    • 33748090573 scopus 로고    scopus 로고
    • Asymmetric benchmarking in compensation: Executives are rewarded for good luck but not penalized for bad
    • Garvey, G., and T. T. Milbourn. 2006. Asymmetric Benchmarking in Compensation: Executives Are Rewarded for Good Luck But Not Penalized for Bad. Journal of Financial Economics 82:197-225.
    • (2006) Journal of Financial Economics , vol.82 , pp. 197-225
    • Garvey, G.1    Milbourn, T.T.2
  • 24
    • 43949176471 scopus 로고
    • Additional evidence on the association between the investment opportunity set and corporate financing, dividend, and compensation policies
    • Gaver, J. J., and K. M. Gaver. 1993. Additional Evidence on the Association between the Investment Opportunity Set and Corporate Financing, Dividend, and Compensation Policies. Journal of Accounting and Economics 16:125-160
    • (1993) Journal of Accounting and Economics , vol.16 , pp. 125-160
    • Gaver, J.J.1    Gaver, K.M.2
  • 25
    • 0039647002 scopus 로고    scopus 로고
    • Compensation, turnover, and top management incentives: Historical evidence
    • Hadlock, C. J., and G. B. Lumer. 1997. Compensation, Turnover, and Top Management Incentives: Historical Evidence. Journal of Business 70:153-187
    • (1997) Journal of Business , vol.70 , pp. 153-187
    • Hadlock, C.J.1    Lumer, G.B.2
  • 26
    • 0010827683 scopus 로고
    • Antitakeover measures, golden parachutes, and target firm shareholder welfare
    • Harris, E. G. 1990. Antitakeover Measures, Golden Parachutes, and Target Firm Shareholder Welfare. RAND Journal of Economics 21:614-625
    • (1990) RAND Journal of Economics , vol.21 , pp. 614-625
    • Harris, E.G.1
  • 27
    • 23844552986 scopus 로고    scopus 로고
    • Trends in corporate governance
    • Hermalin, B. E. 2005. Trends in Corporate Governance. Journal of Finance 60:2351-2384
    • (2005) Journal of Finance , vol.60 , pp. 2351-2384
    • Hermalin, B.E.1
  • 28
    • 0348194856 scopus 로고    scopus 로고
    • Endogenously chosen boards of directors and their monitoring of the CEO
    • Hermalin, B. E., and M. S. Weisbach. 1998. Endogenously Chosen Boards of Directors and Their Monitoring of the CEO. American Economic Review 88:96-118.
    • (1998) American Economic Review , vol.88 , pp. 96-118
    • Hermalin, B.E.1    Weisbach, M.S.2
  • 30
    • 0040331678 scopus 로고    scopus 로고
    • Internal monitoring mechanisms and CEO turnover: A long-term perspective
    • Huson, M. R., R. Parrino, and L. T. Starks. 2001. Internal Monitoring Mechanisms and CEO Turnover: A Long-Term Perspective. Journal of Finance 56:2265-2297
    • (2001) Journal of Finance , vol.56 , pp. 2265-2297
    • Huson, M.R.1    Parrino, R.2    Starks, L.T.3
  • 31
    • 0003110004 scopus 로고
    • Limited liability and incentive contracting with ex-ante action choices
    • Innes, R. D. 1990. Limited Liability and Incentive Contracting with Ex-Ante Action Choices. Journal of Economic Theory 52:45-67.
    • (1990) Journal of Economic Theory , vol.52 , pp. 45-67
    • Innes, R.D.1
  • 32
    • 84993848601 scopus 로고
    • The modern industrial revolution, exit, and the failure of internal control systems
    • Jensen, M. C. 1993. TheModern Industrial Revolution, Exit, and the Failure of Internal Control Systems. Journal of Finance 48:831-880
    • (1993) Journal of Finance , vol.48 , pp. 831-880
    • Jensen, M.C.1
  • 33
    • 0001642328 scopus 로고
    • Golden parachutes, shark repellents, and hostile tender offers
    • Knoeber, C. R. 1986. Golden Parachutes, Shark Repellents, and Hostile Tender Offers. American Economic Review 76:155-167
    • (1986) American Economic Review , vol.76 , pp. 155-167
    • Knoeber, C.R.1
  • 34
    • 0000435597 scopus 로고
    • Golden parachutes, executive decision-making, and shareholder wealth
    • Lambert, R. A., and D. F. Larcker. 1985. Golden Parachutes, Executive Decision-Making, and Shareholder Wealth. Journal of Accounting and Economics 7:179-203.
    • (1985) Journal of Accounting and Economics , vol.7 , pp. 179-203
    • Lambert, R.A.1    Larcker, D.F.2
  • 35
    • 0001849066 scopus 로고
    • An analysis of the use of accounting and market measures of performance in executive compensation contracts
    • -. 1987. An Analysis of the Use of Accounting and Market Measures of Performance in Executive Compensation Contracts. Journal of Accounting Research 25:85-125.
    • (1987) Journal of Accounting Research , vol.25 , pp. 85-125
  • 36
    • 31244432689 scopus 로고    scopus 로고
    • CEO turnover, firm performance, and corporate governance: Empirical evidence on danish firms
    • Lausten, M. 2002. CEO Turnover, Firm Performance, and Corporate Governance: Empirical Evidence on Danish Firms. International Journal of Industrial Organization 20:391-414.
    • (2002) International Journal of Industrial Organization , vol.20 , pp. 391-414
    • Lausten, M.1
  • 37
    • 0031315347 scopus 로고    scopus 로고
    • Is no news bad news? Information transmission and the role of "early warning" in the principal-agent model
    • Levitt, S. D., and C. M. Snyder. 1997. Is No News Bad News? Information Transmission and The Role of "Early Warning" in the Principal-Agent Model. RAND Journal of Economics 28:641-661
    • (1997) RAND Journal of Economics , vol.28 , pp. 641-661
    • Levitt, S.D.1    Snyder, C.M.2
  • 38
    • 0031138809 scopus 로고    scopus 로고
    • The decline of takeovers and disciplinary managerial turnover
    • Mikkelson, W. H., and M. M. Partch. 1997. The Decline of Takeovers and Disciplinary Managerial Turnover. Journal of Financial Economics 44:205-228
    • (1997) Journal of Financial Economics , vol.44 , pp. 205-228
    • Mikkelson, W.H.1    Partch, M.M.2
  • 39
    • 21344495656 scopus 로고
    • Optimal design of securities under asymmetric information
    • Nachman, D. C., and T. H. Noe. 1994. Optimal Design of Securities under Asymmetric Information. Review of Financial Studies 7:1-44.
    • (1994) Review of Financial Studies , vol.7 , pp. 1-44
    • Nachman, D.C.1    Noe, T.H.2
  • 40
    • 15344351262 scopus 로고    scopus 로고
    • Why do some firms give stock options to all employees? An empirical examination of alternative theories
    • Oyer, P., and S. Shaefer. 2005. Why Do Some Firms Give Stock Options to All Employees? An Empirical Examination of Alternative Theories. Journal of Financial Economics 76:99-133.
    • (2005) Journal of Financial Economics , vol.76 , pp. 99-133
    • Oyer, P.1    Shaefer, S.2
  • 41
    • 0036804610 scopus 로고    scopus 로고
    • The tenuous trade-off between risk and incentives
    • Prendergast, C. 2002. The Tenuous Trade-off between Risk and Incentives. Journal of Political Economy 110:1071-1102
    • (2002) Journal of Political Economy , vol.110 , pp. 1071-1102
    • Prendergast, C.1
  • 42
    • 45349109969 scopus 로고
    • Management entrenchment: The case of manager-specific investments
    • Shleifer, A., and R. W. Vishny. 1989. Management Entrenchment: The Case of Manager-Specific Investments. Journal of Financial Economics 25:123-139
    • (1989) Journal of Financial Economics , vol.25 , pp. 123-139
    • Shleifer, A.1    Vishny, R.W.2
  • 43
    • 2342505938 scopus 로고
    • The investment opportunity set and corporate financing, dividend, and compensation policies
    • Smith, C. W. Jr., and R. L. Watts. 1992. The Investment Opportunity Set and Corporate Financing, Dividend, and Compensation Policies. Journal of Financial Economics 32:263-292
    • (1992) Journal of Financial Economics , vol.32 , pp. 263-292
    • Smith Jr., C.W.1    Watts, R.L.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.