메뉴 건너뛰기




Volumn 20, Issue 4, 2011, Pages 342-358

Insiders' personal stock donations from the lens of stakeholder, stewardship and agency theories

Author keywords

[No Author keywords available]

Indexed keywords


EID: 80054863540     PISSN: 09628770     EISSN: 14678608     Source Type: Journal    
DOI: 10.1111/j.1467-8608.2011.01633.x     Document Type: Article
Times cited : (10)

References (43)
  • 1
    • 0039486234 scopus 로고    scopus 로고
    • The distribution of charitable giving, income and taxes: An analysis of panel data
    • Auten, J., Sieg, H. and Clotfelter, C. 2002. 'The distribution of charitable giving, income and taxes: an analysis of panel data'. American Economic Review, 92:1, 371-382.
    • (2002) American Economic Review , vol.92 , Issue.1 , pp. 371-382
    • Auten, J.1    Sieg, H.2    Clotfelter, C.3
  • 2
    • 0013300881 scopus 로고    scopus 로고
    • Corporate policies restricting trading by insiders
    • Bettis, C., Coles, J. and Lemmon, M. 2000. 'Corporate policies restricting trading by insiders'. Journal of Financial Economics, 57:2, 191-220.
    • (2000) Journal of Financial Economics , vol.57 , Issue.2 , pp. 191-220
    • Bettis, C.1    Coles, J.2    Lemmon, M.3
  • 3
    • 43149087029 scopus 로고    scopus 로고
    • The evolution of corporate charitable contributions in the UK between 1989 and 1999: Industry structure and stakeholder influences
    • Brammer, S. and Millington, A. 2003. 'The evolution of corporate charitable contributions in the UK between 1989 and 1999: industry structure and stakeholder influences'. Business Ethics: A European Review, 12:3, 216-228.
    • (2003) Business Ethics: A European Review , vol.12 , Issue.3 , pp. 216-228
    • Brammer, S.1    Millington, A.2
  • 4
    • 26444549323 scopus 로고    scopus 로고
    • Corporate reputation and philanthropy: An empirical analysis
    • DOI 10.1007/s10551-005-7443-4
    • Brammer, S. and Millington, A. 2005. 'Corporate reputation and philanthropy: an empirical analysis'. Journal of Business Ethics, 61:1, 29-44. (Pubitemid 41424941)
    • (2005) Journal of Business Ethics , vol.61 , Issue.1 , pp. 29-44
    • Brammer, S.1    Millington, A.2
  • 5
    • 44849089918 scopus 로고    scopus 로고
    • Is philanthropy strategic? An analysis of the management of charitable giving in large UK companies
    • Brammer, S., Millington, A. and Pavelin, S. 2006. 'Is philanthropy strategic? An analysis of the management of charitable giving in large UK companies'. Business Ethics: A European Review, 15:3, 234-245.
    • (2006) Business Ethics: A European Review , vol.15 , Issue.3 , pp. 234-245
    • Brammer, S.1    Millington, A.2    Pavelin, S.3
  • 6
    • 84989099586 scopus 로고
    • Measuring security price performance
    • Brown, S. and Warner, J. 1980. 'Measuring security price performance'. Journal of Financial Economics, 8:3, 205-258.
    • (1980) Journal of Financial Economics , vol.8 , Issue.3 , pp. 205-258
    • Brown, S.1    Warner, J.2
  • 7
    • 36749092418 scopus 로고
    • Using daily stock returns: The case of event studies
    • Brown, S. and Warner, J. 1985. 'Using daily stock returns: the case of event studies'. Journal of Financial Economics, 14:1, 3-31.
    • (1985) Journal of Financial Economics , vol.14 , Issue.1 , pp. 3-31
    • Brown, S.1    Warner, J.2
  • 8
    • 0000758307 scopus 로고
    • A three-dimensional conceptual model of corporate social performance
    • Carroll, A. 1979. 'A three-dimensional conceptual model of corporate social performance'. Academy of Management Review, 4:4, 497-505.
    • (1979) Academy of Management Review , vol.4 , Issue.4 , pp. 497-505
    • Carroll, A.1
  • 9
    • 0032325868 scopus 로고    scopus 로고
    • Board diversity and managerial control as predictors of corporate social performance
    • Coffey, B. and Wang, J. 1998. 'Board diversity and managerial control as predictors of corporate social performance'. Journal of Business Ethics, 17:14, 1595-1603. (Pubitemid 128184556)
    • (1998) Journal of Business Ethics , vol.17 , Issue.14 , pp. 1595-1603
    • Coffey, B.S.1    Wang, J.2
  • 12
    • 84993897491 scopus 로고
    • Performance changes following top management dismissal
    • Denis, D. and Denis, D. 1995. 'Performance changes following top management dismissal'. Journal of Finance, 50:4, 1029-1057.
    • (1995) Journal of Finance , vol.50 , Issue.4 , pp. 1029-1057
    • Denis, D.1    Denis, D.2
  • 13
    • 33645843937 scopus 로고    scopus 로고
    • The degradation of reported corporate profits
    • DOI 10.1257/089533005775196705
    • Desai, M.A. 2005. 'The degradation of reported corporate profits'. Journal of Economic Perspectives, 19:4, 171-192. (Pubitemid 43573849)
    • (2005) Journal of Economic Perspectives , vol.19 , Issue.4 , pp. 171-192
    • Desai, M.A.1
  • 14
    • 21844463321 scopus 로고
    • The stake-holder theory of the corporation: Concepts, evi- dence, and implications
    • Donaldson, T. and Preston, L.E. 1995. 'The stake- holder theory of the corporation: concepts, evi- dence, 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
  • 17
    • 0001723491 scopus 로고    scopus 로고
    • A signaling explanation ofcharity
    • Glazer, A. and Konrad, K.A. 1996. 'A signaling explanation ofcharity'. American Economic Review, 84:4, 1019-1028.
    • (1996) American Economic Review , vol.84 , Issue.4 , pp. 1019-1028
    • Glazer, A.1    Konrad, K.A.2
  • 18
    • 65449156880 scopus 로고    scopus 로고
    • The relationship between corporate social respon- sibility and shareholder value: An empirical test of the risk management hypothesis
    • Godfrey, P.C., Merrill, C.B. and Jared, M.H. 2009. 'The relationship between corporate social respon- sibility and shareholder value: an empirical test of the risk management hypothesis'. Strategic Management Journal, 30:4, 425-445.
    • (2009) Strategic Management Journal , vol.30 , Issue.4 , pp. 425-445
    • Godfrey, P.C.1    Merrill, C.B.2    Jared, M.H.3
  • 19
    • 34247471196 scopus 로고    scopus 로고
    • Upper echelons theory: An update
    • Hambrick, D. 2007. 'Upper echelons theory: an update'. Academy of Management Review, 32:2, 334-343.
    • (2007) Academy of Management Review , vol.32 , Issue.2 , pp. 334-343
    • Hambrick, D.1
  • 20
    • 0000194533 scopus 로고
    • Upper echelons: The organization as a reflection of its top managers
    • Hambrick, D. and Mason, P. 1984. 'Upper echelons: the organization as a reflection of its top managers'. Academy of Management Review, 9:2, 193-206.
    • (1984) Academy of Management Review , vol.9 , Issue.2 , pp. 193-206
    • Hambrick, D.1    Mason, P.2
  • 21
    • 0001699443 scopus 로고    scopus 로고
    • The prestige motive for making charitable transfers
    • Harbaugh, W.T. 1998. 'The prestige motive for making charitable transfers'. American Economic Review, 88:2, 277-282. (Pubitemid 128451456)
    • (1998) American Economic Review , vol.88 , Issue.2 , pp. 277-282
    • Harbaugh, W.T.1
  • 22
    • 4043097640 scopus 로고    scopus 로고
    • Managers' personal values as drivers of corporate social responsibility
    • DOI 10.1023/B:BUSI.0000020964.80208.c9
    • Hemingway, C. and Maclagan, P. 2004. 'Managers' personal values as drivers of corporate social respon- sibility'. Journal of Business Ethics, 50:1, 33-44. (Pubitemid 39063740)
    • (2004) Journal of Business Ethics , vol.50 , Issue.1 , pp. 33-44
    • Hemingway, C.A.1    Maclagan, P.W.2
  • 23
    • 33846502600 scopus 로고    scopus 로고
    • Does backdating explain the stock price pattern around executive stock option grants?
    • Heron, R.A. and Lie, E. 2007. 'Does backdating explain the stock price pattern around executive stock option grants?'. Journal of Financial Econom- ics, 83:2, 271-295.
    • (2007) Journal of Financial Econom- Ics , vol.83 , Issue.2 , pp. 271-295
    • Heron, R.A.1    Lie, E.2
  • 24
    • 0038159332 scopus 로고    scopus 로고
    • Shareholder value, stakeholder management, and social issues: What's the bottom line?
    • DOI 10.1002/1097-0266(200101)2 2:2<125::AID-SMJ150>3.0.CO;2-H
    • Hillman, A.J. and Keim, G.D. 2001. 'Shareholder value, stakeholder management, and social issues: what's the bottom line?'. Strategic Management Journal, 22:2, 125-139. (Pubitemid 33617225)
    • (2001) Strategic Management Journal , vol.22 , Issue.2 , pp. 125-139
    • Hillman, A.J.1    Keim, G.D.2
  • 25
    • 7444234268 scopus 로고    scopus 로고
    • Managerial succession and firm performance
    • DOI 10.1016/j.jfineco.2003.08.002, PII S0304405X04000510
    • Huson, M., Malatesta, P. and Parrino, R. 2004. 'Managerial succession and firm performance'. Journal of Financial Economics, 74:2, 237-275. (Pubitemid 39442766)
    • (2004) Journal of Financial Economics , vol.74 , Issue.2 , pp. 237-275
    • Huson, M.R.1    Malatesta, P.H.2    Parrino, R.3
  • 26
    • 67649964752 scopus 로고    scopus 로고
    • SEC Rule 10b5-1 and insiders' strategic trade
    • Jagolinzer, A. 2009. 'SEC Rule 10b5-1 and insiders' strategic trade'. Management Science, 55:2, 224-239.
    • (2009) Management Science , vol.55 , Issue.2 , pp. 224-239
    • Jagolinzer, A.1
  • 27
    • 84993850751 scopus 로고
    • The post-issue operating performance of IPO firms
    • Jain, B. and Kini, O. 1994. 'The post-issue operating performance of IPO firms'. Journal of Finance, 49:5, 1699-1726.
    • (1994) Journal of Finance , vol.49 , Issue.5 , pp. 1699-1726
    • Jain, B.1    Kini, O.2
  • 28
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs, and capital structure
    • Jensen, M.C. and Meckling, W. 1976. 'Theory of the firm: managerial behavior, agency costs, and capital structure'. Journal of Financial Economics, 3:4, 305-360.
    • (1976) Journal of Financial Economics , vol.3 , Issue.4 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.2
  • 31
    • 0000140435 scopus 로고
    • Information asymme-tries, financial structure, and financial intermediation
    • Leland, H. and Pyle, D. 1977. 'Information asymme-tries, financial structure, and financial intermediation'. Journal of Finance, 32:2, 371-387.
    • (1977) Journal of Finance , vol.32 , Issue.2 , pp. 371-387
    • Leland, H.1    Pyle, D.2
  • 32
    • 78650514261 scopus 로고    scopus 로고
    • The impact of CEO characteristics on corporate social performance
    • Manner, M. 2010. 'The impact of CEO characteristics on corporate social performance'. Journal of Busi-ness Ethics, 93:Suppl. 1, 53-72.
    • (2010) Journal of Busi-ness Ethics , vol.93 , Issue.SUPPL. 1 , pp. 53-72
    • Manner, M.1
  • 33
    • 85087583203 scopus 로고    scopus 로고
    • Do markets love misery? Stock prices and corporate philanthropic disaster response
    • In G.T. Solomon (ed.) Academy of Management
    • Muller, A. and Kraussl, R. 2008. 'Do markets love misery? Stock prices and corporate philanthropic disaster response'. In G.T. Solomon (ed.), Proceedings of the Sixty-Eighth Annual Meeting of the Academy of Management. Academy of Management.
    • (2008) Proceedings of the Sixty-Eighth Annual Meeting of the Academy of Management
    • Muller, A.1    Kraussl, R.2
  • 34
    • 0000681091 scopus 로고
    • Board members, corporate social responsive-ness and profitability: Are tradeoffs necessary?
    • O'Neill, H.M., Saunders, C. and Mc Carthy, A.M. 1989. 'Board members, corporate social responsive-ness and profitability: Are tradeoffs necessary?' Journal of Business Ethics, 8:5, 353-357.
    • (1989) Journal of Business Ethics , vol.8 , Issue.5 , pp. 353-357
    • O'Neill, H.M.1    Saunders, C.2    Mc Carthy, A.M.3
  • 35
    • 0029543909 scopus 로고
    • Dynamic income, progressive taxes, and the timing of charitable contributions
    • DOI 10.1086/262000
    • Randolph, W.C. 1995. 'Dynamic income, progressive taxes, and the timing of charitable contri-butions'. Journal of Political Economy, 103:4, 709-738. (Pubitemid 26433771)
    • (1995) Journal of Political Economy , vol.103 , Issue.4 , pp. 709-738
    • Randolph, W.C.1
  • 36
    • 22544443040 scopus 로고    scopus 로고
    • Sustainability in the boardroom: An empirical examination of Dow Jones Sustainability World Index leaders
    • DOI 10.1108/14720700510604670, Responding to a Societal Expectations
    • Ricart, J., Rodriguez, M. and Sanchez, P. 2005. 'Sustainability in the boardroom: an empirical investigation of Dow Jones Sustainability World Index leaders'. Corporate Governance, 5:3, 24-41. (Pubitemid 41017143)
    • (2005) Corporate Governance , vol.5 , Issue.3 , pp. 24-41
    • Ricart, J.E.1    Rodriguez, M.A.2    Sanchez, P.3
  • 37
    • 33644627834 scopus 로고    scopus 로고
    • The role of corporate social responsibility in strengthening multiple stakeholder relationships: A field experiment
    • DOI 10.1177/0092070305284978
    • Sen, S., Bhattacharya, C.B. and Korschun, D. 2006. 'The role of corporate social responsibility in strengthening multiple stakeholder relationships: a field experiment'. Journal of the Academy of Marketing Science, 34:2, 158-166. (Pubitemid 43319807)
    • (2006) Journal of the Academy of Marketing Science , vol.34 , Issue.2 , pp. 158-166
    • Sen, S.1    Bhattacharya, C.B.2    Korschun, D.3
  • 38
    • 70349637268 scopus 로고    scopus 로고
    • The development of governance structures for corporate responsibility
    • Spitzeck, H. 2009. 'The development of governance structures for corporate responsibility'. Corporate Governance, 9:4, 495-505.
    • (2009) Corporate Governance , vol.9 , Issue.4 , pp. 495-505
    • Spitzeck, H.1
  • 39
    • 80054874212 scopus 로고    scopus 로고
    • Goldman weighs requirement for charity
    • Section B1, January 11, 2010
    • Story, L. 2010. 'Goldman weighs requirement for charity'. The New York Times, Section B1, January 11, 2010.
    • (2010) The New York Times
    • Story, L.1
  • 40
    • 69949099625 scopus 로고
    • Looking a gift of stock in the mouth: Donatives transfers and Rule 10b-5
    • Sulcoski, C.J. 1989. 'Looking a gift of stock in the mouth: donatives transfers and Rule 10b-5'. Michigan Law Review, 88:3, 604-634.
    • (1989) Michigan Law Review , vol.88 , Issue.3 , pp. 604-634
    • Sulcoski, C.J.1
  • 41
    • 0001163724 scopus 로고
    • CEO turnover and the firm's investment decision
    • Weisbach, M. 1995. 'CEO turnover and the firm's investment decision'. Journal of Financial Economics, 37:2, 159-188.
    • (1995) Journal of Financial Economics , vol.37 , Issue.2 , pp. 159-188
    • Weisbach, M.1
  • 42
    • 0141627397 scopus 로고    scopus 로고
    • The CEO's influence on corporate foundation giving
    • DOI 10.1023/A:1019904820344
    • Werbel, J. and Carter, S. 2002. 'The CEO's influence on corporate foundation giving'. Journal of Business Ethics, 40:1, 47-60. (Pubitemid 37141596)
    • (2002) Journal of Business Ethics , vol.40 , Issue.1 , pp. 47-60
    • Werbel, J.D.1    Carter, S.M.2
  • 43
    • 69949101995 scopus 로고    scopus 로고
    • Deductio ad absurdum: CEOs donating their own stock to their own family foundations
    • Yermack, D. 2009. 'Deductio ad absurdum: CEOs donating their own stock to their own family foundations'. Journal of Financial Economics, 94:1, 107-123.
    • (2009) Journal of Financial Economics , vol.94 , Issue.1 , pp. 107-123
    • Yermack, D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.