메뉴 건너뛰기




Volumn , Issue , 2008, Pages 226-261

UK corporate governance and takeover performance

Author keywords

[No Author keywords available]

Indexed keywords


EID: 84855889757     PISSN: None     EISSN: None     Source Type: Book    
DOI: None     Document Type: Chapter
Times cited : (8)

References (123)
  • 2
    • 0030492391 scopus 로고    scopus 로고
    • 'Firm performance and mechanisms to control agency problems between managers and shareholders'
    • Agrawal, A. and C.R. Knoeber (1996), 'Firm performance and mechanisms to control agency problems between managers and shareholders', Journal of Financial and Quantitative Analysis, 31, 377-97.
    • (1996) Journal of Financial and Quantitative Analysis , vol.31 , pp. 377-397
    • Agrawal, A.1    Knoeber, C.R.2
  • 3
    • 84925929913 scopus 로고
    • 'Managerial power and tenure in the large corporation'
    • Allen, M.P. (1981), 'Managerial power and tenure in the large corporation', Social Forces, 60, 482-94.
    • (1981) Social Forces , vol.60 , pp. 482-494
    • Allen, M.P.1
  • 5
    • 0031097135 scopus 로고    scopus 로고
    • 'Detecting long run abnormal stock returns: the empirical power and specification of test statistics'
    • Barber, B.M. and J.D. Lyon (1997), 'Detecting long run abnormal stock returns: the empirical power and specification of test statistics', Journal of Financial Economics, 43, 341-72.
    • (1997) Journal of Financial Economics , vol.43 , pp. 341-372
    • Barber, B.M.1    Lyon, J.D.2
  • 6
    • 0001990250 scopus 로고
    • 'The composition of boards of directors and strategic control: effects on corporate strategy'
    • Baysinger, B. and R.E. Hoskisson (1990), 'The composition of boards of directors and strategic control: effects on corporate strategy', Academy of Management Review, 15, 72-87.
    • (1990) Academy of Management Review , vol.15 , pp. 72-87
    • Baysinger, B.1    Hoskisson, R.E.2
  • 9
    • 4143145194 scopus 로고    scopus 로고
    • 'Is board size an independent corporate governance mechanism?'
    • Beiner, S., W. Drobetz, M.M. Schmid and H. Zimmermann (2004), 'Is board size an independent corporate governance mechanism?', Kyklos, 57, 327-56.
    • (2004) Kyklos , vol.57 , pp. 327-356
    • Beiner, S.1    Drobetz, W.2    Schmid, M.M.3    Zimmermann, H.4
  • 12
    • 0037702976 scopus 로고    scopus 로고
    • 'The non-correlation between board independence and long-term firm performance'
    • Bhagat, S. and B.S. Black (2002), 'The non-correlation between board independence and long-term firm performance', Journal of Corporation Law, 27, 231-73.
    • (2002) Journal of Corporation Law , vol.27 , pp. 231-273
    • Bhagat, S.1    Black, B.S.2
  • 13
    • 0040117341 scopus 로고
    • 'Managerialism and risk-return performance'
    • Boudreaux, K.J. (1973), 'Managerialism and risk-return performance', Southern Economic Journal, 29, 366-72.
    • (1973) Southern Economic Journal , vol.29 , pp. 366-372
    • Boudreaux, K.J.1
  • 14
    • 84989082201 scopus 로고
    • 'Board control and CEO compensation'
    • Boyd, B.K. (1994), 'Board control and CEO compensation', Strategic Management Journal, 15, 335-44.
    • (1994) Strategic Management Journal , vol.15 , pp. 335-344
    • Boyd, B.K.1
  • 15
    • 29244450441 scopus 로고    scopus 로고
    • 'Boards of directors,Market discipline and firm performance'
    • Bozec, R. (2005), 'Boards of directors, market discipline and firm performance', Journal of Business Finance & Accounting, 32, 1921-60.
    • (2005) Journal of Business Finance & Accounting , vol.32 , pp. 1921-1960
    • Bozec, R.1
  • 16
    • 36749092418 scopus 로고
    • 'Using daily stock returns, The case of event studies'
    • Brown, S.J. and J.B. Warner (1985), 'Using daily stock returns, the case of event studies', Journal of Financial Economics, 14, 3-31.
    • (1985) Journal of Financial Economics , vol.14 , pp. 3-31
    • Brown, S.J.1    Warner, J.B.2
  • 18
    • 2342532021 scopus 로고    scopus 로고
    • 'The financial effects of takeover: accounting rates of return and accounting regulation'
    • Chatterjee, R. and G. Meeks (1996), 'The financial effects of takeover: accounting rates of return and accounting regulation', Journal of Business Finance & Accounting, 23, 851-68.
    • (1996) Journal of Business Finance & Accounting , vol.23 , pp. 851-868
    • Chatterjee, R.1    Meeks, G.2
  • 19
    • 37849018727 scopus 로고    scopus 로고
    • 'The value of outside directors: evidence from corporate governance reform in Korea'
    • Choi, J.J., S.W. Park and S.S. Yoo (2007), 'The value of outside directors: evidence from corporate governance reform in Korea', Journal of Financial and Quantitative Analysis, 42, 941-62.
    • (2007) Journal of Financial and Quantitative Analysis , vol.42 , pp. 941-962
    • Choi, J.J.1    Park, S.W.2    Yoo, S.S.3
  • 21
    • 84925927950 scopus 로고
    • 'Merger pricing policy by owner-controlled versus managercontrolled firms'
    • Conn, R.L. (1980), 'Merger pricing policy by owner-controlled versus managercontrolled firms', Journal of Industrial Economies, 28, 427-38.
    • (1980) Journal of Industrial Economies , vol.28 , pp. 427-438
    • Conn, R.L.1
  • 22
    • 84924393180 scopus 로고    scopus 로고
    • 'Why must all good things come to an end? The performance of multiple acquirers'
    • in D.H. Nagao (ed.), Proceedings of the Sixty-third Annual Meeting of the Academy of Management, Briarcliff Manor, NY: Academy of Management, ISSN 1543-8643
    • Conn, R.L., A. Cosh, P.M. Guest and A. Hughes (2004), 'Why must all good things come to an end? The performance of multiple acquirers', in D.H. Nagao (ed.), Proceedings of the Sixty-third Annual Meeting of the Academy of Management, Briarcliff Manor, NY: Academy of Management, ISSN 1543-8643.
    • (2004)
    • Conn, R.L.1    Cosh, A.2    Guest, P.M.3    Hughes, A.4
  • 23
    • 27844490633 scopus 로고    scopus 로고
    • 'The impact on UK acquirers of domestic,Cross-border, public and private acquisitions'
    • Conn, R.L., A. Cosh, P.M. Guest and A. Hughes (2005), 'The impact on UK acquirers of domestic, cross-border, public and private acquisitions', Journal of Business Finance & Accounting, 32, 815-70.
    • (2005) Journal of Business Finance & Accounting , vol.32 , pp. 815-870
    • Conn, R.L.1    Cosh, A.2    Guest, P.M.3    Hughes, A.4
  • 24
    • 0032220381 scopus 로고    scopus 로고
    • 'Board control Remuneration committees and top management compensation'
    • Conyon, M.J. and S.I. Peck (1998a), 'Board control, remuneration committees and top management compensation', Academy of Management Review, 41, 146-57.
    • (1998) Academy of Management Review , vol.41 , pp. 146-157
    • Conyon, M.J.1    Peck, S.I.2
  • 25
    • 0038040695 scopus 로고    scopus 로고
    • 'Board size and corporate performance: evidence from European countries'
    • Conyon, M.J. and S.I. Peck (1998b), 'Board size and corporate performance: evidence from European countries', The European Journal of Finance, 4, 291-304.
    • (1998) The European Journal of Finance , vol.4 , pp. 291-304
    • Conyon, M.J.1    Peck, S.I.2
  • 26
    • 0000546427 scopus 로고
    • 'The anatomy of corporate control: directors, Shareholders and executive remuneration in giant US and UK corporations'
    • Cosh, Andy and Alan Hughes (1987), 'The anatomy of corporate control: directors, shareholders and executive remuneration in giant US and UK corporations', Cambridge Journal of Economics, 11, 285-313.
    • (1987) Cambridge Journal of Economics , vol.11 , pp. 285-313
    • Cosh, A.1    Alan, H.2
  • 27
    • 0031498387 scopus 로고    scopus 로고
    • 'The changing anatomy of corporate control and the market for executives in the United Kingdom'
    • Cosh, A. and A. Hughes (1997a), 'The changing anatomy of corporate control and the market for executives in the United Kingdom', Journal of Law and Society, 24, 104-23.
    • (1997) Journal of Law and Society , vol.24 , pp. 104-123
    • Cosh, A.1    Hughes, A.2
  • 30
    • 0038318264 scopus 로고
    • 'The causes and effects of takeovers in the United Kingdom: an empirical investigation for the late 1960s at the microeconomic level'
    • in D.C. Mueller (ed.), Cambridge, MA: Oelgeschlager, Gunn & Hain
    • Cosh, Andrew, Alan Hughes and Ajit Singh (1980), 'The causes and effects of takeovers in the United Kingdom: an empirical investigation for the late 1960s at the microeconomic level', in D.C. Mueller (ed.), The Determinants and Effects of Mergers: An International Comparison, Cambridge, MA: Oelgeschlager, Gunn & Hain, pp. 227-70.
    • (1980) The Determinants and Effects of Mergers: An International Comparison , pp. 227-270
    • Cosh, A.1    Alan, H.2    Ajit, S.3
  • 32
    • 84986765251 scopus 로고
    • 'Growth versus profit-maximisation: a simultaneous equation approach to testing the Marris model'
    • Cubbin, J. and D. Leech (1986), 'Growth versus profit-maximisation: a simultaneous equation approach to testing the Marris model', Managerial and Decision Economics, 7, 123-31.
    • (1986) Managerial and Decision Economics , vol.7 , pp. 123-131
    • Cubbin, J.1    Leech, D.2
  • 33
    • 38249008574 scopus 로고
    • 'The relationship between governance structure and corporate performance in entrepreneurial firms'
    • Daily, C.M. and D.R. Dalton (1992), 'The relationship between governance structure and corporate performance in entrepreneurial firms', Journal of Business Venturing, 7, 375-86.
    • (1992) Journal of Business Venturing , vol.7 , pp. 375-386
    • Daily, C.M.1    Dalton, D.R.2
  • 34
    • 21844493704 scopus 로고
    • 'Bankruptcy and corporate governance: the impact of board composition and structure'
    • Daily, C.M. and D.R. Dalton (1994), 'Bankruptcy and corporate governance: the impact of board composition and structure', Academy of Management Journal, 37, 1603-17.
    • (1994) Academy of Management Journal , vol.37 , pp. 1603-1617
    • Daily, C.M.1    Dalton, D.R.2
  • 36
    • 0031537062 scopus 로고    scopus 로고
    • 'Comparative corporate governance: an interdisciplinary research agenda'
    • Deakin, S. and A. Hughes (1997), 'Comparative corporate governance: an interdisciplinary research agenda', Journal of Law and Society, 24, 1-9.
    • (1997) Journal of Law and Society , vol.24 , pp. 1-9
    • Deakin, S.1    Hughes, A.2
  • 37
    • 0035358442 scopus 로고    scopus 로고
    • 'Corporate performance and board structure in Belgian companies'
    • Dehaene, A., V. De Vuyst and H. Ooghe (2001), 'Corporate performance and board structure in Belgian companies', Long Range Planning, 34, 383-98.
    • (2001) Long Range Planning , vol.34 , pp. 383-398
    • Dehaene, A.1    De Vuyst, V.2    Ooghe, H.3
  • 38
    • 0031467205 scopus 로고    scopus 로고
    • 'The impact of acquisitions on company performance: evidence from a large panel of UK firms'
    • Dickerson, A., H. Gibson and E. Tsakalotos (1997), 'The impact of acquisitions on company performance: evidence from a large panel of UK firms', Oxford Economic Papers, 49, 344-61.
    • (1997) Oxford Economic Papers , vol.49 , pp. 344-361
    • Dickerson, A.1    Gibson, H.2    Tsakalotos, E.3
  • 41
    • 0346207692 scopus 로고    scopus 로고
    • 'Market efficiency,Long-run returns, and behavioral finance'
    • Fama, E.F. (1998), 'Market efficiency, long-run returns, and behavioral finance', Journal of Financial Economics, 49, 283-306.
    • (1998) Journal of Financial Economics , vol.49 , pp. 283-306
    • Fama, E.F.1
  • 43
    • 38249005782 scopus 로고
    • 'Shareholder wealth effects of corporate takeovers: the UK experience 1955-1985'
    • Franks, J. and R.S. Harris (1989), 'Shareholder wealth effects of corporate takeovers: the UK experience 1955-1985', Journal of Financial Economics, 23, 225-49.
    • (1989) Journal of Financial Economics , vol.23 , pp. 225-249
    • Franks, J.1    Harris, R.S.2
  • 46
    • 0040588371 scopus 로고    scopus 로고
    • 'Managerial ownership, the method of payment for acquisitions and executive job retention'
    • Ghosh, A. and W. Ruland (1998), 'Managerial ownership, the method of payment for acquisitions and executive job retention', Journal of Finance, 53, 785-98
    • (1998) Journal of Finance , vol.53 , pp. 785-798
    • Ghosh, A.1    Ruland, W.2
  • 48
    • 0000053451 scopus 로고    scopus 로고
    • 'An examination of the long run performance of UK acquiring firms'
    • Gregory, A. (1997), 'An examination of the long run performance of UK acquiring firms', Journal of Business Finance & Accounting, 24, 971-1002.
    • (1997) Journal of Business Finance & Accounting , vol.24 , pp. 971-1002
    • Gregory, A.1
  • 50
    • 58149129473 scopus 로고    scopus 로고
    • 'The impact of mergers and acquisitions on executive pay in the United Kingdom'
    • Economica, forthcoming, doi:101111/j.1468-0335.2007. 00674.x
    • Guest, P.M. (2008a), 'The impact of mergers and acquisitions on executive pay in the United Kingdom', Economica, forthcoming, doi:10.1111/j.1468-0335.2007. 00674.x.
    • (2008)
    • Guest, P.M.1
  • 51
    • 40649108567 scopus 로고    scopus 로고
    • 'The determinants of board size and composition: evidence from the UK'
    • Guest, P.M. (2008b). 'The determinants of board size and composition: evidence from the UK', Journal of Corporate Finance, 14, 51-72.
    • (2008) Journal of Corporate Finance , vol.14 , pp. 51-72
    • Guest, P.M.1
  • 54
    • 33749023308 scopus 로고    scopus 로고
    • 'Corporate governance structure and performance of Malaysian listed companies'
    • Haniffa, R. and M. Hudaib (2006), 'Corporate governance structure and performance of Malaysian listed companies', Journal of Business Finance & Accounting, 33, 1034-62.
    • (2006) Journal of Business Finance & Accounting , vol.33 , pp. 1034-1062
    • Haniffa, R.1    Hudaib, M.2
  • 55
    • 0031094431 scopus 로고    scopus 로고
    • 'Explaining the premiums paid for large acquisitions: evidence of CEO hubris'
    • Hayward, M.L.A. and D.C. Hambrick (1997), 'Explaining the premiums paid for large acquisitions: evidence of CEO hubris', Administrative Science Quarterly, 42, 103-27.
    • (1997) Administrative Science Quarterly , vol.42 , pp. 103-127
    • Hayward, M.L.A.1    Hambrick, D.C.2
  • 56
    • 0001387430 scopus 로고
    • 'The effects of board composition and direct incentives on firm performance'
    • Hermalin, B.E. and M.S. Weisbach (1991), 'The effects of board composition and direct incentives on firm performance', Financial Management, 20(4), 101-12.
    • (1991) Financial Management , vol.20 , Issue.4 , pp. 101-112
    • Hermalin, B.E.1    Weisbach, M.S.2
  • 57
    • 0012583968 scopus 로고    scopus 로고
    • 'Boards of directors as an endogenously determined institution: a survey of the economic evidence'
    • Hermalin, B.E. and M.S.Weisbach (2003), 'Boards of directors as an endogenously determined institution: a survey of the economic evidence', Economic Policy Review, 9, 7-26.
    • (2003) Economic Policy Review , vol.9 , pp. 7-26
    • Hermalin, B.E.1    Weisbach, M.S.2
  • 58
    • 36248935027 scopus 로고
    • Corporate Power, New York: William Morrow
    • Herman, E.S. (1981), Corporate Control, Corporate Power, New York: William Morrow.
    • (1981) Corporate Control
    • Herman, E.S.1
  • 60
    • 84925895466 scopus 로고
    • 'Effect of control type on the performance of the firms in the UK'
    • Holl, P. (1975), 'Effect of control type on the performance of the firms in the UK', Journal of Industrial Economics, 23, 257-71.
    • (1975) Journal of Industrial Economics , vol.23 , pp. 257-271
    • Holl, P.1
  • 61
    • 0012589298 scopus 로고    scopus 로고
    • 'Corporate governance in New Zealand: the effect of the 1993 Companies Act on the relation between board composition and firm performance'
    • Hossain, M., A.K. Prevost and R.P. Rao (2001), 'Corporate governance in New Zealand: the effect of the 1993 Companies Act on the relation between board composition and firm performance', Pacific-Basin Finance Journal, 9, 119-45.
    • (2001) Pacific-Basin Finance Journal , vol.9 , pp. 119-145
    • Hossain, M.1    Prevost, A.K.2    Rao, R.P.3
  • 63
    • 0003305108 scopus 로고
    • 'Mergers and economic performance in the UK: a survey of the empirical evidence 1950-90'
    • in M.Bishop and J. Kay (eds), Oxford: Oxford University Press.
    • Hughes, Alan (1993), 'Mergers and economic performance in the UK: a survey of the empirical evidence 1950-90', in M. Bishop and J. Kay (eds), European Mergers and Merger Policy, Oxford: Oxford University Press.
    • (1993) European Mergers and Merger Policy
    • Hughes, A.1
  • 64
    • 0031286465 scopus 로고    scopus 로고
    • 'An empirical test of the effect of board size on firm efficiency'
    • Huther, J. (1997), 'An empirical test of the effect of board size on firm efficiency', Economics Letters, 54, 259-64.
    • (1997) Economics Letters , vol.54 , pp. 259-264
    • Huther, J.1
  • 66
    • 0000929855 scopus 로고
    • 'Special information and insider trading'
    • Jaffe, J.F. (1974), 'Special information and insider trading', Journal of Business, 47, 305-60.
    • (1974) Journal of Business , vol.47 , pp. 305-360
    • Jaffe, J.F.1
  • 67
    • 0001066475 scopus 로고
    • 'Agency costs of free cash flow, Corporate finance and takeovers'
    • Jensen, M.C. (1986), 'Agency costs of free cash flow, corporate finance and takeovers', American Economic Review, 76, 323-9.
    • (1986) American Economic Review , vol.76 , pp. 323-329
    • Jensen, M.C.1
  • 68
    • 34447504242 scopus 로고
    • 'The market for corporate control: the scientific evidence'
    • Jensen, M. and R. Ruback (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.1    Ruback, R.2
  • 69
    • 2442614059 scopus 로고    scopus 로고
    • 'Corporate elites and corporate strategy: how demographic preferences and structural position shape the scope of the firm'
    • Jensen, M.C. and E.J. Zajac (2004), 'Corporate elites and corporate strategy: how demographic preferences and structural position shape the scope of the firm', Strategic Management Journal, 25, 507-24.
    • (2004) Strategic Management Journal , vol.25 , pp. 507-524
    • Jensen, M.C.1    Zajac, E.J.2
  • 70
    • 0040180953 scopus 로고
    • 'The influence of ownership and control on profit rates'
    • Kamerschen, D.R. (1968), 'The influence of ownership and control on profit rates', American Economic Review, 58, 432-47.
    • (1968) American Economic Review , vol.58 , pp. 432-447
    • Kamerschen, D.R.1
  • 71
    • 84980284211 scopus 로고
    • 'Ownership, Control and the contemporary corporation: a general behavioural analysis'
    • Kania, J.J. and J.R. McKean (1976), 'Ownership, control and the contemporary corporation: a general behavioural analysis', Kyklos, 29, 272-91.
    • (1976) Kyklos , vol.29 , pp. 272-291
    • Kania, J.J.1    McKean, J.R.2
  • 73
    • 0006178745 scopus 로고    scopus 로고
    • 'Firm performance and board committee structure'
    • Klein, A. (1998), 'Firm performance and board committee structure', Journal of Law and Economics, 41, 275-303.
    • (1998) Journal of Law and Economics , vol.41 , pp. 275-303
    • Klein, A.1
  • 74
    • 0000688253 scopus 로고
    • 'Measuring managerial equity ownership: a comparison of sources of ownership data'
    • Kole, S.R. (1995), 'Measuring managerial equity ownership: a comparison of sources of ownership data', Journal of Corporate Finance, 1, 413-35.
    • (1995) Journal of Corporate Finance , vol.1 , pp. 413-435
    • Kole, S.R.1
  • 75
    • 84934561624 scopus 로고
    • 'Greenmail: a study of board performance in corporate governance'
    • Kosnik, R.D. (1987), 'Greenmail: a study of board performance in corporate governance', Administrative Science Quarterly, 32, 163-85.
    • (1987) Administrative Science Quarterly , vol.32 , pp. 163-185
    • Kosnik, R.D.1
  • 76
    • 0000917563 scopus 로고
    • 'Effects of board demography and directors' incentives on corporate greenmail decisions'
    • Kosnik, R.D. (1990), 'Effects of board demography and directors' incentives on corporate greenmail decisions', Academy of Management Journal, 33, 129-50.
    • (1990) Academy of Management Journal , vol.33 , pp. 129-150
    • Kosnik, R.D.1
  • 79
    • 0001606481 scopus 로고
    • 'Corporate mergers and wealth effects: 1977-86'
    • Limmack, R.J. (1991), 'Corporate mergers and wealth effects: 1977-86', Accounting and Business Research, 21, 239-51.
    • (1991) Accounting and Business Research , vol.21 , pp. 239-251
    • Limmack, R.J.1
  • 80
    • 0031206578 scopus 로고    scopus 로고
    • 'Executive stock ownership and performance: tracking faint changes'
    • Loderer, C. and K. Martin (1998), 'Executive stock ownership and performance: tracking faint changes', Journal of Financial Economics, 45, 223-55.
    • (1998) Journal of Financial Economics , vol.45 , pp. 223-255
    • Loderer, C.1    Martin, K.2
  • 82
    • 0009885154 scopus 로고    scopus 로고
    • 'Improved methods for tests of longrun abnormal stock returns'
    • Lyon, J.D., B.M. Barber and C. Tsai (1999), 'Improved methods for tests of longrun abnormal stock returns', Journal of Finance, 54, 165-201.
    • (1999) Journal of Finance , vol.54 , pp. 165-201
    • Lyon, J.D.1    Barber, B.M.2    Tsai, C.3
  • 83
    • 0002919972 scopus 로고
    • 'Are acquiring-firm shareholders better off after an acquisition?'
    • in John C. Coffee Jr, Knights, Raiders and Targets, Oxford: Oxford University Press
    • Magenheim, E.B. and D.C. Mueller (1988), 'Are acquiring-firm shareholders better off after an acquisition?', in John C. Coffee Jr, Louis Lowenstein and Susan Rose- Ackerman (eds), Knights, Raiders and Targets, Oxford: Oxford University Press, pp. 171-93.
    • (1988) Louis Lowenstein and Susan Rose- Ackerman (eds) , pp. 171-193
    • Magenheim, E.B.1    Mueller, D.C.2
  • 84
    • 0001125429 scopus 로고    scopus 로고
    • 'Total board remuneration and company performance'
    • Main, B., A. Bruce and T. Buck (1996), 'Total board remuneration and company performance', Economic Journal, 106, 1627-44.
    • (1996) Economic Journal , vol.106 , pp. 1627-1644
    • Main, B.1    Bruce, A.2    Buck, T.3
  • 85
    • 20044388793 scopus 로고    scopus 로고
    • 'Size really matters: further evidence on the negative relationship between board size and firm value'
    • Mak, Y.T. and Y. Kusnadi (2005), 'Size really matters: further evidence on the negative relationship between board size and firm value', Pacific-Basin Finance Journal, 13, 301-18.
    • (2005) Pacific-Basin Finance Journal , vol.13 , pp. 301-318
    • Mak, Y.T.1    Kusnadi, Y.2
  • 86
    • 49549160079 scopus 로고
    • 'Risk and return: the case of merging firms'
    • Mandelker, G. (1974), 'Risk and return: the case of merging firms', Journal of Financial Economics, 1, 303-35.
    • (1974) Journal of Financial Economics , vol.1 , pp. 303-335
    • Mandelker, G.1
  • 87
    • 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, 110-20.
    • (1965) Journal of Political Economy , vol.73 , pp. 110-120
    • Manne, H.1
  • 90
    • 0011088442 scopus 로고
    • 'Additional evidence on equity ownership and corporate value'
    • McConnell, J. and H. Servaes (1991), 'Additional evidence on equity ownership and corporate value', Journal of Financial Economics, 27, 595-612.
    • (1991) Journal of Financial Economics , vol.27 , pp. 595-612
    • McConnell, J.1    Servaes, H.2
  • 92
    • 0004256473 scopus 로고
    • Managerial Control and Performance
    • Lexington, MA: D.C. Heath
    • McEachern, William A. (1975), Managerial Control and Performance, Lexington, MA: D.C. Heath.
    • (1975)
    • McEachern William, A.1
  • 93
    • 84925918784 scopus 로고
    • 'Corporate control and growth: an alternative approach'
    • McEachern,W.A. (1978), 'Corporate control and growth: an alternative approach', Journal of Industrial Economics, 26, 257-66.
    • (1978) Journal of Industrial Economics , vol.26 , pp. 257-266
    • McEachern, W.A.1
  • 95
    • 84915487209 scopus 로고
    • 'The effects of separation of ownership and control on the performance of the large firm'
    • Monsen, R.J., J.S. Chiu and D.E. Cooley (1968), 'The effects of separation of ownership and control on the performance of the large firm', Quarterly Journal of Economics, 82, 435-51.
    • (1968) Quarterly Journal of Economics , vol.82 , pp. 435-451
    • Monsen, R.J.1    Chiu, J.S.2    Cooley, D.E.3
  • 96
    • 33645896609 scopus 로고
    • 'Management ownership and market valuation: an empirical analysis'
    • Morck, R., A. Shleifer and R. Vishny (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.3
  • 97
    • 84962991668 scopus 로고
    • 'A theory of conglomerate mergers'
    • Mueller, D.C. (1969), 'A theory of conglomerate mergers', Quarterly Journal of Economics, 83, 643-59.
    • (1969) Quarterly Journal of Economics , vol.83 , pp. 643-659
    • Mueller, D.C.1
  • 99
    • 84888629505 scopus 로고
    • 'Political dynamics and the circulation of power: CEO succession in US industrial corporations 1960-1990'
    • Ocasio, W. (1994), 'Political dynamics and the circulation of power: CEO succession in US industrial corporations 1960-1990', Administrative Science Quarterly, 39, 285-312.
    • (1994) Administrative Science Quarterly , vol.39 , pp. 285-312
    • Ocasio, W.1
  • 100
    • 0039525708 scopus 로고
    • 'The profit performance effects of the separation of ownership from control in larger US industrial corporations'
    • Bell Journal of Economic and Management Science, Spring
    • Palmer, J. (1973), 'The profit performance effects of the separation of ownership from control in larger US industrial corporations', Bell Journal of Economic and Management Science, Spring, pp. 293-303.
    • (1973) , pp. 293-303
    • Palmer, J.1
  • 101
    • 84985817870 scopus 로고
    • 'A further analysis of profitability and managerialism'
    • Palmer, J. (1975), 'A further analysis of profitability and managerialism', Economic Training, 13, 127-30.
    • (1975) Economic Training , vol.13 , pp. 127-130
    • Palmer, J.1
  • 102
    • 27844442294 scopus 로고    scopus 로고
    • 'Board monitoring and earnings management: do outside directors influence abnormal accruals?'
    • Peasnell, K.V., P.F. Pope and S. Young (2005), 'Board monitoring and earnings management: do outside directors influence abnormal accruals?', Journal of Business Finance & Accounting, 32, 1311-46.
    • (2005) Journal of Business Finance & Accounting , vol.32 , pp. 1311-1346
    • Peasnell, K.V.1    Pope, P.F.2    Young, S.3
  • 103
    • 12344265854 scopus 로고    scopus 로고
    • 'Does operating performance increase posttakeover for UK takeovers? A comparison of performance measures and benchmarks'
    • Powell, R. and A. Stark (2005), 'Does operating performance increase posttakeover for UK takeovers? A comparison of performance measures and benchmarks', Journal of Corporate Finance, 11, 293-317.
    • (2005) Journal of Corporate Finance , vol.11 , pp. 293-317
    • Powell, R.1    Stark, A.2
  • 104
    • 84881950562 scopus 로고
    • 'Market structure and managerial behaviour'
    • in R.T. Masson and D.P. Qualls (eds), Cambridge, MA: Ballinger.
    • Qualls, D.P. (1976), 'Market structure and managerial behaviour', in R.T. Masson and D.P. Qualls (eds), Essays on Industrial Organisation in Honour of J.S. Bain, Cambridge, MA: Ballinger.
    • (1976) Essays on Industrial Organisation in Honour of J.S. Bain
    • Qualls, D.P.1
  • 105
    • 85044980215 scopus 로고
    • 'Control type,Profitability and growth in large firms: an empirical study'
    • Radice, H.K. (1971), 'Control type, profitability and growth in large firms: an empirical study', Economic Journal, 81, 547-62.
    • (1971) Economic Journal , vol.81 , pp. 547-562
    • Radice, H.K.1
  • 106
    • 33646879481 scopus 로고    scopus 로고
    • 'Returns to acquiring firms: the role of managerial ownership,Managerial wealth, and outside owners'
    • Shinn, E. (1999), 'Returns to acquiring firms: the role of managerial ownership, managerial wealth, and outside owners', Journal of Economics and Finance, 23, 78-89.
    • (1999) Journal of Economics and Finance , vol.23 , pp. 78-89
    • Shinn, E.1
  • 107
    • 0002249537 scopus 로고    scopus 로고
    • 'Managerial ownership and the performance of firms: evidence from the UK'
    • Short, H. and K. Keasey (1999), 'Managerial ownership and the performance of firms: evidence from the UK', Journal of Corporate Finance, 5, 79-101.
    • (1999) Journal of Corporate Finance , vol.5 , pp. 79-101
    • Short, H.1    Keasey, K.2
  • 109
    • 84933483630 scopus 로고
    • 'Synergy, Agency, and the determinants of premia paid in mergers'
    • Slutsky, A. and R. Caves (1991), 'Synergy, agency, and the determinants of premia paid in mergers', Journal of Industrial Economics, 39, 277-96.
    • (1991) Journal of Industrial Economics , vol.39 , pp. 277-296
    • Slutsky, A.1    Caves, R.2
  • 110
    • 0042737094 scopus 로고
    • 'The separation of ownership and control and firm performance: an empirical analysis'
    • Sorensen, R. (1974), 'The separation of ownership and control and firm performance: an empirical analysis', Southern Economic Journal, 41, 145-8.
    • (1974) Southern Economic Journal , vol.41 , pp. 145-148
    • Sorensen, R.1
  • 111
    • 0008794709 scopus 로고
    • 'Executive ownership interests and corporate performance'
    • Stano, M. (1975), 'Executive ownership interests and corporate performance', Southern Economic Journal, 42, 272-8.
    • (1975) Southern Economic Journal , vol.42 , pp. 272-278
    • Stano, M.1
  • 112
    • 0016999798 scopus 로고
    • 'Monopoly power,Ownership control, and corporate performance'
    • Stano, M. (1976), 'Monopoly power, ownership control, and corporate performance', Bell Journal of Economics, 7, 672-9.
    • (1976) Bell Journal of Economics , vol.7 , pp. 672-679
    • Stano, M.1
  • 113
    • 77951900254 scopus 로고    scopus 로고
    • 'Glamour acquirers, Method of payment and post-acquisition performance: the UK evidence'
    • Sudarsanam, S. and A.A. Mahate (2003), 'Glamour acquirers, method of payment and post-acquisition performance: the UK evidence', Journal of Business Finance & Accounting, 30, 299-341.
    • (2003) Journal of Business Finance & Accounting , vol.30 , pp. 299-341
    • Sudarsanam, S.1    Mahate, A.A.2
  • 114
    • 67049096956 scopus 로고    scopus 로고
    • Treasury Select Committee House of Commons Treasury Committee, Tenth Report of Session 2006-07, July, London: The Stationery Office
    • Treasury Select Committee (2007), 'Private equity', House of Commons Treasury Committee, Tenth Report of Session 2006-07, July, London: The Stationery Office.
    • (2007) 'Private equity'
  • 115
    • 34547283330 scopus 로고    scopus 로고
    • 'The impact of acquisitions on firm performance: a review of the evidence'
    • Tuch, C. and N. O'Sullivan (2007), 'The impact of acquisitions on firm performance: a review of the evidence', International Journal of Management Reviews, 9, 141-70.
    • (2007) International Journal of Management Reviews , vol.9 , pp. 141-170
    • Tuch, C.1    O'Sullivan, N.2
  • 117
    • 0001155473 scopus 로고    scopus 로고
    • 'Board meeting frequency and firm performance'
    • Vafeas, N. (1999), 'Board meeting frequency and firm performance', Journal of Financial Economics, 53, 113-42.
    • (1999) Journal of Financial Economics , vol.53 , pp. 113-142
    • Vafeas, N.1
  • 118
    • 0032337613 scopus 로고    scopus 로고
    • 'The relationship between board structure and firm performance in the UK'
    • Vafeas,N. and E. Theodorou (1998), 'The relationship between board structure and firm performance in the UK', British Accounting Review, 30, 383-407.
    • (1998) British Accounting Review , vol.30 , pp. 383-407
    • Vafeas, N.1    Theodorou, E.2
  • 119
    • 0346472539 scopus 로고    scopus 로고
    • 'The performance-governance relationship: the effects of Cadbury compliance on UK quoted companies'
    • Weir, C. and D. Laing (2000), 'The performance-governance relationship: the effects of Cadbury compliance on UK quoted companies', Journal of Management and Governance, 4, 265-81.
    • (2000) Journal of Management and Governance , vol.4 , pp. 265-281
    • Weir, C.1    Laing, D.2
  • 120
    • 0347102857 scopus 로고    scopus 로고
    • 'Internal and external governance mechanisms: their impact on the performance of large UK public companies'
    • Weir, C., D. Laing and P.J. McKnight (2002), 'Internal and external governance mechanisms: their impact on the performance of large UK public companies', Journal of Business Finance & Accounting, 29, 579-611.
    • (2002) Journal of Business Finance & Accounting , vol.29 , pp. 579-611
    • Weir, C.1    Laing, D.2    McKnight, P.J.3
  • 121
    • 0036018696 scopus 로고    scopus 로고
    • 'Acquisition returns, Increase in firm size and chief executive officer compensation: the moderating role of monitoring'
    • Wright, P., M. Kroll and D. Elenkov (2002), 'Acquisition returns, increase in firm size and chief executive officer compensation: the moderating role of monitoring', Academy of Management Journal, 45, 599-608.
    • (2002) Academy of Management Journal , vol.45 , pp. 599-608
    • Wright, P.1    Kroll, M.2    Elenkov, D.3
  • 122
    • 0030078208 scopus 로고    scopus 로고
    • 'Higher market valuation of companies with a small board of directors'
    • Yermack, D. (1996), 'Higher market valuation of companies with a small board of directors', Journal of Financial Economics, 40, 185-221.
    • (1996) Journal of Financial Economics , vol.40 , pp. 185-221
    • Yermack, D.1
  • 123
    • 33646888286 scopus 로고
    • 'Management control,Exploitation, and profit maximization in the large corporation: an empirical confrontation of managerialism and class theory'
    • Zeitlin, M. and S. Norich (1979), 'Management control, exploitation, and profit maximization in the large corporation: an empirical confrontation of managerialism and class theory', Research in Political Economy, 2, 33-62.
    • (1979) Research in Political Economy , vol.2 , pp. 33-62
    • Zeitlin, M.1    Norich, S.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.