메뉴 건너뛰기




Volumn 20, Issue 3, 2014, Pages 652-676

How Do Powerful CEOs Affect Analyst Coverage?

Author keywords

Agency costs; Agency theory; Analyst coverage; Analyst following; CEO power

Indexed keywords


EID: 84902547533     PISSN: 13547798     EISSN: 1468036X     Source Type: Journal    
DOI: 10.1111/j.1468-036X.2012.00655.x     Document Type: Article
Times cited : (44)

References (82)
  • 1
    • 0039604680 scopus 로고    scopus 로고
    • 'Information asymmetry, R&D, and insider gains
    • Aboody D. and Lev B., 2000, 'Information asymmetry, R&D, and insider gains', Journal of Finance, Vol. 55, pp. 2747-66.
    • (2000) Journal of Finance , vol.55 , pp. 2747-2766
    • Aboody, D.1    Lev, B.2
  • 2
    • 27544515879 scopus 로고    scopus 로고
    • 'Powerful CEOs and their impact on corporate performance
    • Adams R.B., Almeida H. and Ferreira D., 2005, 'Powerful CEOs and their impact on corporate performance', Review of Financial Studies, Vol. 18, pp. 1403-32.
    • (2005) Review of Financial Studies , vol.18 , pp. 1403-1432
    • Adams, R.B.1    Almeida, H.2    Ferreira, D.3
  • 3
    • 0001330687 scopus 로고    scopus 로고
    • 'Do some outside directors play a political role?
    • Agrawal A. and Knoeber C., 2001, 'Do some outside directors play a political role?', Journal of Law and Economics, Vol. 44, pp. 179-98.
    • (2001) Journal of Law and Economics , vol.44 , pp. 179-198
    • Agrawal, A.1    Knoeber, C.2
  • 5
    • 15844426510 scopus 로고    scopus 로고
    • 'Selection on observed and unobserved variables: assessing the effectiveness of Catholic schools
    • Altonji J.G., Elder T.E. and Taber C.R., 2005, 'Selection on observed and unobserved variables: assessing the effectiveness of Catholic schools', Journal of Political Economy, Vol. 113, pp. 151-84.
    • (2005) Journal of Political Economy , vol.113 , pp. 151-184
    • Altonji, J.G.1    Elder, T.E.2    Taber, C.R.3
  • 6
    • 84856835116 scopus 로고    scopus 로고
    • 'Corporate governance and the information environment: evidence from state antitakeover laws
    • Armstrong C.S., Balakrishnan K. and Cohen D., 2012, 'Corporate governance and the information environment: evidence from state antitakeover laws', Journal of Accounting and Economics, Vol. 53(1-2), pp. 185-204.
    • (2012) Journal of Accounting and Economics , vol.53 , Issue.1-2 , pp. 185-204
    • Armstrong, C.S.1    Balakrishnan, K.2    Cohen, D.3
  • 7
    • 84902552971 scopus 로고    scopus 로고
    • 'When does information asymmetry affect the cost of capital?
    • Wharton School, University of Pennsylvania
    • Armstrong C.S., Core J.E., Taylor D.J. and Verrecchia R.E., 2010, 'When does information asymmetry affect the cost of capital?', Working Paper (Wharton School, University of Pennsylvania).
    • (2010) Working Paper
    • Armstrong, C.S.1    Core, J.E.2    Taylor, D.J.3    Verrecchia, R.E.4
  • 9
    • 84902552972 scopus 로고    scopus 로고
    • 'Quiet life or managerial myopia: the number of antitakeover legislation on technological innovation'
    • Atanassov, University of Oregon.
    • Atanassov, 2006, 'Quiet life or managerial myopia: the number of antitakeover legislation on technological innovation', Working Paper (University of Oregon).
    • (2006) Working Paper
  • 10
    • 56549093968 scopus 로고    scopus 로고
    • 'Do analyst recommendations reflect shareholder rights?
    • Autore D.M., Kovacs T. and Sharma V., 2009, 'Do analyst recommendations reflect shareholder rights?', Journal of Banking and Finance, Vol. 33(2), pp. 193-202.
    • (2009) Journal of Banking and Finance , vol.33 , Issue.2 , pp. 193-202
    • Autore, D.M.1    Kovacs, T.2    Sharma, V.3
  • 11
    • 77952862419 scopus 로고    scopus 로고
    • 'Why are analysts less likely to follow firms with high managerial ownership?
    • Baik B., Kang J.K. and Morton R., 2010, 'Why are analysts less likely to follow firms with high managerial ownership?', Journal of Accounting, Auditing, and Finance, Vol. 25(2), pp. 171-200.
    • (2010) Journal of Accounting, Auditing, and Finance , vol.25 , Issue.2 , pp. 171-200
    • Baik, B.1    Kang, J.K.2    Morton, R.3
  • 12
    • 8744307216 scopus 로고    scopus 로고
    • 'Private information, earnings manipulations, and executive stock option exercises
    • Bartov E. and Mohanram P., 2004, 'Private information, earnings manipulations, and executive stock option exercises', The Accounting Review, Vol. 79, pp. 889-920.
    • (2004) The Accounting Review , vol.79 , pp. 889-920
    • Bartov, E.1    Mohanram, P.2
  • 17
    • 70350396827 scopus 로고    scopus 로고
    • 'War and local collective actions in Sierra Leone
    • Bellows J. and Miguel E., 2009, 'War and local collective actions in Sierra Leone', Journal of Public Economics, Vol. 93, pp. 1144-1157.
    • (2009) Journal of Public Economics , vol.93 , pp. 1144-1157
    • Bellows, J.1    Miguel, E.2
  • 18
    • 0344983396 scopus 로고    scopus 로고
    • 'Enjoying the quite life? Corporate governance and managerial preferences
    • Bertrand M. and Mullainathan S., 2003, 'Enjoying the quite life? Corporate governance and managerial preferences', Journal of Political Economy, Vol. 111 (5), pp. 1043-75.
    • (2003) Journal of Political Economy , vol.111 , Issue.5 , pp. 1043-1075
    • Bertrand, M.1    Mullainathan, S.2
  • 19
    • 0345447671 scopus 로고    scopus 로고
    • 'Managing with style: the effect of managers on firm policies
    • Bertrand M. and Schoar A., 2003, 'Managing with style: the effect of managers on firm policies', Quarterly Journal of Economics, Vol. 118, pp. 1169-1208.
    • (2003) Quarterly Journal of Economics , vol.118 , pp. 1169-1208
    • Bertrand, M.1    Schoar, A.2
  • 20
    • 77952236542 scopus 로고    scopus 로고
    • 'Conflicts of interest and research quality of affiliated analysts in the German universal banking system: evidence from IPO underwriting
    • Bessler W. and Stanzel M., 2009, 'Conflicts of interest and research quality of affiliated analysts in the German universal banking system: evidence from IPO underwriting', European Financial Management, Vol. 15, pp. 757-86.
    • (2009) European Financial Management , vol.15 , pp. 757-786
    • Bessler, W.1    Stanzel, M.2
  • 21
    • 0010697284 scopus 로고
    • 'Firm characteristics and analyst following
    • Bhushan R., 1989, 'Firm characteristics and analyst following', Journal of Accounting and Economics, Vol. 11, pp. 255-74.
    • (1989) Journal of Accounting and Economics , vol.11 , pp. 255-274
    • Bhushan, R.1
  • 22
    • 84977728601 scopus 로고
    • 'Stock prices and the supply of information
    • Brennan M. and Hughes P., 1991, 'Stock prices and the supply of information', Journal of Finance, Vol. 46, pp. 1665-91.
    • (1991) Journal of Finance , vol.46 , pp. 1665-1691
    • Brennan, M.1    Hughes, P.2
  • 24
    • 0037729103 scopus 로고    scopus 로고
    • 'Analyst activity around the world
    • Harvard University.
    • Chang J., Khanna T. and Palepu K., 2000, 'Analyst activity around the world', Working Paper (Harvard University).
    • (2000) Working Paper
    • Chang, J.1    Khanna, T.2    Palepu, K.3
  • 25
    • 84864702568 scopus 로고    scopus 로고
    • 'The predictive role of analyst coverage intensity: evidence from cross-listing in the U.S
    • Chen F., Weiss I.S. and Zheng L., 2007, 'The predictive role of analyst coverage intensity: evidence from cross-listing in the U.S.', Journal of Contemporary Accounting and Economics, Vol. 3, pp. 34-57.
    • (2007) Journal of Contemporary Accounting and Economics , vol.3 , pp. 34-57
    • Chen, F.1    Weiss, I.S.2    Zheng, L.3
  • 27
    • 33744870364 scopus 로고
    • 'Organizational structure, environments and performance: the role of strategic choice
    • Child J., 1972, 'Organizational structure, environments and performance: the role of strategic choice', Sociology, Vol. 6, pp. 1-22.
    • (1972) Sociology , vol.6 , pp. 1-22
    • Child, J.1
  • 28
    • 0030362919 scopus 로고    scopus 로고
    • 'The impact of security analysts' monitoring and marketing functions on the market value of firms
    • Chung K.H. and Jo H., 1996, 'The impact of security analysts' monitoring and marketing functions on the market value of firms', Journal of Financial and Quantitative Analysis, Vol. 31 (4), pp. 493-512.
    • (1996) Journal of Financial and Quantitative Analysis , vol.31 , Issue.4 , pp. 493-512
    • Chung, K.H.1    Jo, H.2
  • 29
    • 46049100780 scopus 로고    scopus 로고
    • 'Real and accrual-based earnings management in the pre- and post-Sarbanes-Oxley periods
    • Cohen D.A., Dey A. and Lys T., 2008, 'Real and accrual-based earnings management in the pre- and post-Sarbanes-Oxley periods', The Accounting Review, Vol. 83, pp. 757-87.
    • (2008) The Accounting Review , vol.83 , pp. 757-787
    • Cohen, D.A.1    Dey, A.2    Lys, T.3
  • 30
    • 0000544450 scopus 로고    scopus 로고
    • 'Does Delaware law improve firm value?
    • Daines R., 2001, 'Does Delaware law improve firm value?', Journal of Financial Economics, Vol. 62, pp. 559-71.
    • (2001) Journal of Financial Economics , vol.62 , pp. 559-571
    • Daines, R.1
  • 31
    • 3042618663 scopus 로고    scopus 로고
    • 'Earnings management following duality-creating successions: ethnostatistics, impression management, and agency theory
    • Davidson W.N., Jiraporn P., Kim Y.S. and Nemec C., 2004, 'Earnings management following duality-creating successions: ethnostatistics, impression management, and agency theory', Academy of Management Journal, Vol. 47, pp. 267-75.
    • (2004) Academy of Management Journal , vol.47 , pp. 267-275
    • Davidson, W.N.1    Jiraporn, P.2    Kim, Y.S.3    Nemec, C.4
  • 32
    • 84935941592 scopus 로고
    • 'The structure of corporate ownership- causes and consequences
    • Demsetz H. and Lehn K., 1985, 'The structure of corporate ownership- causes and consequences', Journal of Political Economy, Vol. 93 (6), pp. 1155-77.
    • (1985) Journal of Political Economy , vol.93 , Issue.6 , pp. 1155-1177
    • Demsetz, H.1    Lehn, K.2
  • 33
    • 84993897491 scopus 로고
    • 'Performance changes following top management dismissals
    • Denis D. and Denis D., 1995, 'Performance changes following top management dismissals', Journal of Finance, Vol. 50, pp. 1029-57.
    • (1995) Journal of Finance , vol.50 , pp. 1029-1057
    • Denis, D.1    Denis, D.2
  • 34
    • 0345131423 scopus 로고    scopus 로고
    • 'Dispersion in analyst forecasts and the profitability of earnings momentum strategies
    • Dische A., 2002, 'Dispersion in analyst forecasts and the profitability of earnings momentum strategies', European Financial Management, Vol. 8, pp. 211-28.
    • (2002) European Financial Management , vol.8 , pp. 211-228
    • Dische, A.1
  • 35
    • 0348197911 scopus 로고    scopus 로고
    • 'Why are foreign firms listed in the U.S. worth more?
    • Doidge C., Karolyi A. and Stulz R., 2004, 'Why are foreign firms listed in the U.S. worth more?' Journal of Financial Economics, Vol. 71, pp. 205-38.
    • (2004) Journal of Financial Economics , vol.71 , pp. 205-238
    • Doidge, C.1    Karolyi, A.2    Stulz, R.3
  • 36
    • 2442609381 scopus 로고    scopus 로고
    • 'Information and the cost of capital
    • Easley D, and O'Hara M., 2004, 'Information and the cost of capital', Journal of Finance, Vol. 59 (4), pp. 1553-83.
    • (2004) Journal of Finance , vol.59 , Issue.4 , pp. 1553-1583
    • Easley, D.1    and O'Hara, M.2
  • 37
    • 0036331681 scopus 로고    scopus 로고
    • 'Do external auditors perform a corporate governance role in emerging markets? Evidence from East Asia
    • Fan J.P.H. and Wong T.J., 2002, 'Do external auditors perform a corporate governance role in emerging markets? Evidence from East Asia', Journal of Accounting and Economics, Vol. 33, pp. 401-425.
    • (2002) Journal of Accounting and Economics , vol.33 , pp. 401-425
    • Fan, J.P.H.1    Wong, T.J.2
  • 38
    • 0026902902 scopus 로고
    • 'Power in top management teams: Dimensions, measurement, and validation
    • Finkelstein S., 1992, 'Power in top management teams: Dimensions, measurement, and validation', Academy of Management Journal, Vol. 35 (3), pp. 505-38.
    • (1992) Academy of Management Journal , vol.35 , Issue.3 , pp. 505-538
    • Finkelstein, S.1
  • 40
    • 84977736638 scopus 로고
    • 'Disclosure decisions by firms and the competition for price efficiency
    • Fishman M.J. and Hagerty K., 1989, 'Disclosure decisions by firms and the competition for price efficiency', Journal of Finance, Vol. 44 (3), pp. 633-46.
    • (1989) Journal of Finance , vol.44 , Issue.3 , pp. 633-646
    • Fishman, M.J.1    Hagerty, K.2
  • 42
    • 0019581462 scopus 로고
    • 'Environment, strategy, and power within top management teams
    • Hambrick D.C., 1981, 'Environment, strategy, and power within top management teams', Administrative Science Quarterly, Vol. 26, pp. 252-75.
    • (1981) Administrative Science Quarterly , vol.26 , pp. 252-275
    • Hambrick, D.C.1
  • 43
    • 0000194533 scopus 로고
    • 'Under echelons: the organization as a reflection of its top managers
    • Hambrick D.C. and Mason P., 1984, 'Under echelons: the organization as a reflection of its top managers', Academy of Management Review, Vol. 9, pp. 193-206.
    • (1984) Academy of Management Review , vol.9 , pp. 193-206
    • Hambrick, D.C.1    Mason, P.2
  • 44
    • 0000268518 scopus 로고
    • 'The population ecology of organizations
    • Hannan M. and Freeman J., 1977, 'The population ecology of organizations', American Journal of Sociology, Vol. 82, pp. 929-64.
    • (1977) American Journal of Sociology , vol.82 , pp. 929-964
    • Hannan, M.1    Freeman, J.2
  • 45
    • 84928841557 scopus 로고
    • 'The changing of the guard: turnover and structural change in the top management positions
    • Harrison J.R., Torres D.L. and Kukalis S., 1988, 'The changing of the guard: turnover and structural change in the top management positions', Administrative Science Quarterly, Vol. 33, pp. 211-32.
    • (1988) Administrative Science Quarterly , vol.33 , pp. 211-232
    • Harrison, J.R.1    Torres, D.L.2    Kukalis, S.3
  • 46
    • 2642512164 scopus 로고    scopus 로고
    • 'The effect of capital structure when expected agency costs are extreme
    • Harvey C.R., Lins K. and Roper A., 2004, 'The effect of capital structure when expected agency costs are extreme', Journal of Financial Economics, Vol. 74, pp. 3-30.
    • (2004) Journal of Financial Economics , vol.74 , pp. 3-30
    • Harvey, C.R.1    Lins, K.2    Roper, A.3
  • 47
    • 0032262129 scopus 로고    scopus 로고
    • 'The impact of trading commission incentives on analysts' stock coverage decisions and earnings forecasts
    • Hayes R., 1998, 'The impact of trading commission incentives on analysts' stock coverage decisions and earnings forecasts', Journal of Accounting Research, Vol. 36, pp. 299-320.
    • (1998) Journal of Accounting Research , vol.36 , pp. 299-320
    • Hayes, R.1
  • 48
    • 0000388461 scopus 로고    scopus 로고
    • 'Stock performance and intermediation changes surrounding sustained increases in disclosure
    • Healy P.M., Hutton A. and Palepu K.G., 1999, 'Stock performance and intermediation changes surrounding sustained increases in disclosure', Contemporary Accounting Research, Vol. 16, pp. 485-520.
    • (1999) Contemporary Accounting Research , vol.16 , pp. 485-520
    • Healy, P.M.1    Hutton, A.2    Palepu, K.G.3
  • 49
    • 0000504678 scopus 로고
    • 'The determinants of board composition
    • Hermalin H. and Weisbach M., 1988, 'The determinants of board composition', Rand Journal of Economics, Vol. 19, pp. 589-606.
    • (1988) Rand Journal of Economics , vol.19 , pp. 589-606
    • Hermalin, H.1    Weisbach, M.2
  • 51
    • 84902552973 scopus 로고    scopus 로고
    • Managerial succession and firm performance', Working Paper (University of Alberta, University of Washington, and University of Texas
    • Huson M., Malatesta P. and Parrino R., 2001, 'Managerial succession and firm performance', Working Paper (University of Alberta, University of Washington, and University of Texas).
    • (2001)
    • Huson, M.1    Malatesta, P.2    Parrino, R.3
  • 52
    • 84902552965 scopus 로고    scopus 로고
    • Analyst following, staggered boards, and firm value', Working Paper (Pennsylvania State University- School of Graduate Professional Studies
    • Jiraporn P., Chintrakarn P. and Kim Y.S., 2012, 'Analyst following, staggered boards, and firm value', Working Paper (Pennsylvania State University- School of Graduate Professional Studies).
    • (2012)
    • Jiraporn, P.1    Chintrakarn, P.2    Kim, Y.S.3
  • 53
    • 84902552966 scopus 로고    scopus 로고
    • Does corporate governance quality affect analyst coverage? Evidence from the Institutional Shareholder Services', Working Paper (Pennsylvania State University- School of Graduate Professional Studies).
    • Jiraporn P., Kim J.C. and Kim Y.S., 2012, 'Does corporate governance quality affect analyst coverage? Evidence from the Institutional Shareholder Services', Working Paper (Pennsylvania State University- School of Graduate Professional Studies).
    • (2012)
    • Jiraporn, P.1    Kim, J.C.2    Kim, Y.S.3
  • 54
    • 40149105594 scopus 로고    scopus 로고
    • 'Capital structure, staggered boards, and firm value
    • Jiraporn P. and Liu Y., 2008, 'Capital structure, staggered boards, and firm value', Financial Analysts Journal, Vol. 64, pp. 49-60.
    • (2008) Financial Analysts Journal , vol.64 , pp. 49-60
    • Jiraporn, P.1    Liu, Y.2
  • 55
    • 84902552967 scopus 로고    scopus 로고
    • Payout policy, agency conflicts, and corporate governance', Working Paper (New York University
    • John K. and Knyazeva A. 2006, 'Payout policy, agency conflicts, and corporate governance', Working Paper (New York University).
    • (2006)
    • John, K.1    Knyazeva, A.2
  • 56
    • 41949100856 scopus 로고    scopus 로고
    • 'The information role of conservatism
    • LaFond R. and Watts R.L., 2008, 'The information role of conservatism', The Accounting Review, Vol. 83, pp. 447-78.
    • (2008) The Accounting Review , vol.83 , pp. 447-478
    • Lafond, R.1    Watts, R.L.2
  • 57
    • 2642546687 scopus 로고    scopus 로고
    • 'Concentrated control, analyst following and valuation: do analysts matter most when investors are protected least?
    • Lang M., Lins K. and Miller D., 2004, 'Concentrated control, analyst following and valuation: do analysts matter most when investors are protected least?', Journal of Accounting Research, Vol. 42, pp. 589-623.
    • (2004) Journal of Accounting Research , vol.42 , pp. 589-623
    • Lang, M.1    Lins, K.2    Miller, D.3
  • 58
    • 21344483941 scopus 로고
    • 'Cross-sectional determinants of analyst ratings of corporate disclosures
    • Lang M. and Lundholm R., 1993, 'Cross-sectional determinants of analyst ratings of corporate disclosures', Journal of Accounting Research, Vol. 41, pp. 317-45.
    • (1993) Journal of Accounting Research , vol.41 , pp. 317-345
    • Lang, M.1    Lundholm, R.2
  • 59
    • 0030305317 scopus 로고    scopus 로고
    • 'Corporate disclosure policy and analyst behavior
    • Lang M. and Lundholm R., 1996, 'Corporate disclosure policy and analyst behavior', The Accounting Review, Vol. 71, pp. 467-92.
    • (1996) The Accounting Review , vol.71 , pp. 467-492
    • Lang, M.1    Lundholm, R.2
  • 63
    • 0015320585 scopus 로고
    • 'Leadership and organizational performance: a study of large corporation
    • Lieberson S. and O'Connor J.F., 1972, 'Leadership and organizational performance: a study of large corporation', American Sociological Review, Vol. 37, pp. 117-30.
    • (1972) American Sociological Review , vol.37 , pp. 117-130
    • Lieberson, S.1    O'Connor, J.F.2
  • 64
    • 77954457099 scopus 로고    scopus 로고
    • 'The effect of CEO power on bond ratings and yields
    • Liu Y. and Jiraporn P., 2010, 'The effect of CEO power on bond ratings and yields', Journal of Empirical Finance, Vol. 17, pp. 744-62.
    • (2010) Journal of Empirical Finance , vol.17 , pp. 744-762
    • Liu, Y.1    Jiraporn, P.2
  • 65
    • 27544450102 scopus 로고    scopus 로고
    • 'CEO overconfidence and corporate investment
    • Malmendier U. and Tate G., 2005, 'CEO overconfidence and corporate investment', Journal of Finance, Vol. 60, pp. 2661-2700.
    • (2005) Journal of Finance , vol.60 , pp. 2661-2700
    • Malmendier, U.1    Tate, G.2
  • 66
    • 84977707554 scopus 로고
    • 'A simple model of capital market equilibrium with incomplete information
    • Merton R.C., 1987, 'A simple model of capital market equilibrium with incomplete information', Journal of Finance, Vol. 42, pp. 483-510.
    • (1987) Journal of Finance , vol.42 , pp. 483-510
    • Merton, R.C.1
  • 68
    • 80053061380 scopus 로고    scopus 로고
    • 'Are incentive contracts rigged by powerful CEOs?
    • Morse A., Nanda V. and Seru A. 2011, 'Are incentive contracts rigged by powerful CEOs?', Journal of Finance, Vol. 66(5), pp. 1779-1821.
    • (2011) Journal of Finance , vol.66 , Issue.5 , pp. 1779-1821
    • Morse, A.1    Nanda, V.2    Seru, A.3
  • 71
    • 0031066585 scopus 로고    scopus 로고
    • 'Spinoffs and wealth transfers: the Marriott case
    • Parrino R., 1997, 'Spinoffs and wealth transfers: the Marriott case', Journal of Financial Economics, Vol. 43 (2), pp. 241-74.
    • (1997) Journal of Financial Economics , vol.43 , Issue.2 , pp. 241-274
    • Parrino, R.1
  • 74
    • 40749118907 scopus 로고    scopus 로고
    • 'Regulation and bonding: the Sarbanes-Oxley Act and the flow of international listings
    • Piotroski J. D. and Srinivasan S., 2008, 'Regulation and bonding: the Sarbanes-Oxley Act and the flow of international listings', Journal of Accounting Research, Vol. 46, pp. 383-425.
    • (2008) Journal of Accounting Research , vol.46 , pp. 383-425
    • Piotroski, J.D.1    Srinivasan, S.2
  • 75
    • 0001755034 scopus 로고
    • 'The estimation of economic relationships using instrumental variables
    • Sargan J.D., 1958, 'The estimation of economic relationships using instrumental variables', Econometrica, Vol. 26, pp. 393-415.
    • (1958) Econometrica , vol.26 , pp. 393-415
    • Sargan, J.D.1
  • 76
    • 54049157872 scopus 로고    scopus 로고
    • 'The first- and second- hand effect of analysts' stock recommendations: evidence from the Swiss stock market
    • Schlumpf P.M., Schmid M. and Zimmerman H., 2008, 'The first- and second- hand effect of analysts' stock recommendations: evidence from the Swiss stock market', European Financial Management, Vol. 14, pp. 962-88.
    • (2008) European Financial Management , vol.14 , pp. 962-988
    • Schlumpf, P.M.1    Schmid, M.2    Zimmerman, H.3
  • 77
    • 45349109969 scopus 로고
    • Management entrenchment: the case of manager-specific investments
    • Shleifer A. and Vishny r., 1989, 'Management entrenchment: the case of manager-specific investments'; Journal of Financial Economics, Vol. 25 (1), pp. 123-40.
    • (1989) Journal of Financial Economics , vol.25 , Issue.1 , pp. 123-140
    • Shleifer, A.1    Vishny, R.2
  • 78
    • 0345975870 scopus 로고    scopus 로고
    • 'Managerial bargaining power in the determination of compensation contracts and corporate investment
    • Stoughton N.M. and Talmor E., 1999, 'Managerial bargaining power in the determination of compensation contracts and corporate investment', International Economic Review, Vol. 40, pp. 69-93.
    • (1999) International Economic Review , vol.40 , pp. 69-93
    • Stoughton, N.M.1    Talmor, E.2
  • 79
    • 0000359701 scopus 로고
    • 'Organization evolution: a metamorphosis model of convergence and reorientation'
    • L. L. Cummings and B. M. Staw, eds, JAI Press, Greenwich, CT
    • Tushman M. L. and Romanelli E., 1985, 'Organization evolution: a metamorphosis model of convergence and reorientation', in L. L. Cummings and B. M. Staw, eds, Research in Organizational Behavior, Vol. 7, JAI Press, Greenwich, CT, pp. 171-222.
    • (1985) Research in Organizational Behavior , vol.7 , pp. 171-222
    • Tushman, M.L.1    Romanelli, E.2
  • 80
    • 0001274354 scopus 로고
    • 'A model of corporate performance as a function of environment, organizational and leadership influences
    • Weiner N. and Mahoney T., 1981, 'A model of corporate performance as a function of environment, organizational and leadership influences', Academy of Management Journal, Vol. 24, pp. 453-70.
    • (1981) Academy of Management Journal , vol.24 , pp. 453-470
    • Weiner, N.1    Mahoney, T.2
  • 81
    • 56649120223 scopus 로고    scopus 로고
    • 'Staggered boards and earnings management
    • Zhao Y. and Chen K.H., 2008, 'Staggered boards and earnings management', The Accounting Review, Vol. 83, pp. 1347-81.
    • (2008) The Accounting Review , vol.83 , pp. 1347-1381
    • Zhao, Y.1    Chen, K.H.2
  • 82
    • 84902552960 scopus 로고    scopus 로고
    • 'Transfer of control in mergers: what happens to the CEOs?
    • Zhao M., Lehn K.M. and Mandelker G.N., 2002, 'Transfer of control in mergers: what happens to the CEOs?', Working Paper.
    • (2002) Working Paper
    • Zhao, M.1    Lehn, K.M.2    Mandelker, G.N.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.