Determinants of the Adoption of Director Incentive Plans

Journal of Accounting, Auditing & Finance

Volumn 14, Issue 4, 1999, Pages 453-474

  Vafeas, Nikos ^a  

^a UNIVERSITY OF CYPRUS   (Cyprus)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84990353456     PISSN: 0148558X     EISSN: None     Source Type: Journal    
DOI: 10.1177/0148558X9901400404     Document Type: Review

References (39)

1. Agrawal A. Knoeber C. 1996. “Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders.” Journal of Financial and Quantitative Analysis 31 (September): 377–397.
2. Auerbach J. 1996. “Director's Cut: The Trend toward.…” The Wall Street Journal (April 11).
3. Bhagat S. Black B. 1997. “Do Independent Outside Directors Matter?” Working Paper, University of Colorado and Columbia University (June).
4. Bhagat S. Brickley J. Coles J. 1987. “Managerial Indemnification and Liability Insurance: The Effect on Shareholder Wealth.” Journal of Risk and Insurance 54 (December): 721–736.
5. Borokhovich K. Parrino R. Trapani T. 1996. “Outside Directors and CEO Selection.” Journal of Financial and Quantitative Analysis 31 (September): 337–355.
6. Brickley J. Coles L. Jarrell G. 1997. “Leadership Structure: Separating the CEO and Chairman of the Board.” Journal of Corporate Finance 3 (June): 189–220.
7. Brickley J. Coles L. Terry R. 1994. “Outside Directors and the Adoption of Poison Pills.” Journal of Financial Economics 32 (June): 371–390.
8. Brickley J. James C. 1987. “The Takeover Market, Corporate Board Composition, and Ownership Structure: The Case of Banking.” Journal of Law and Economics 30 (April): 161–180.
9. Byrd J. Hickman A. 1992. “Do Outside. Directors Monitor Managers? Evidence from Tender Offer Bids.” Journal of Financial Economics 32 (October): 195–221.
10. Carey D. Elson C. England J. 1996. “How Should Corporate Directors be Compensated?” Directors and Boards (Special Report 1): 1–12.
11. “CEO says Scott.…” 1995. BNA's Corporate Counsel Weekly (February 15).
12. Cotter J. Shivdasani A. Zenner M. 1997. “Do Independent Directors Enhance Target Shareholder Wealth during Tender Offers?” Journal of Financial Economics 43 (February): 195–218.
13. Dunlap A. 1995. “Why We Should Pay Directors in Stock: Reflections on the Scott Paper Company Experience.” Director's Monthly 19 (August).
14. Elson C. 1993. “Executive Overcompensation: A Board-based Solution.” Boston College Law Review 34 (September): 937–996.
15. Elson C. 1995. “Major Shifts Seen in Director Pay.” Corporate Governance Advisor 4 (May/June).
16. Elson C. 1996. “Shareholding Directors Create Better Corporate Performance.” Issue Alert 11 (May): 3–4.
17. Gaver J. Gaver K. 1993. “Additional Evidence on the Association between the Investment Opportunity Set and Corporate Financing, Dividend, and Compensation Policies.” Journal of Accounting and Economics 16 (Jan./April/July): 125–160.
18. Gilson S. 1990. “Bankruptcy, Boards, Banks, and Blockholders: Evidence on Changes in Corporate Ownership and Control When Firms Default.” Journal of Financial Economics 27 (October): 355–387.
19. Hermalin B. Weisbach M. 1991. “The Effects of Board Composition and Director Incentives on Firm Performance.” Financial Management 20 (Winter): 101–112.
20. Kaplan S. Reishus D. 1990. “Outside Directorships and Corporate Performance.” Journal of Financial Economics 27 (October): 389–410.
21. Klein A. 1998. “Firm Performance and Board Committee Structure.” Journal of Law and Economics 41 (April): 275–303.
22. Linden D. W. 1995. “Off with Their Perks.” Forbes (December 4).
23. Lublin J. 1996. “My Pay: Manpower Inc's CEO.…” The Wall Street Journal (April 11).
24. Mayers D. Shivdasani A. Smith C. 1997. “Board Composition and Corporate Control: Evidence from the Insurance Industry.” Journal of Business 70 (January): 33–62.
25. McConnell J. Servaes H. 1990. “Additional Evidence on Equity Ownership and Corporate Value.” Journal of Financial Economics 27 (October): 595–613.
26. Morck R. Shleifer A. Vishny R. 1988. “Managerial Ownership and Market Valuation: An Empirical Analysis.” Journal of Financial Economics 20 (Jan./March): 293–315.
27. NACD. 1995. “Report of the NACD Blue Ribbon Commission on Director Compensation: Purposes, Principles, and Best Practices.” Washington, D.C.: NACD.
28. NACD. 1996. “Report of the NACD Blue Ribbon Commission on Director Professionalism.” Washington, D.C: NACD.
29. Ofek E. Yermack D. 1997. “Taking Stock: Does Equity-based Compensation Increase Managers’ Ownership?” Working paper, New York University, Stern School of Business, Department of Finance (June).
30. Perry T. 1996. “Incentive Compensation for Outside Directors.” Working Paper, University of North Carolina at Chapel Hill (January).
31. Rosenstein S. Wyatt J. 1990. “Outside Directors, Board Independence and Shareholder Wealth.” Journal of Financial Economics 26 (August): 175–191.
32. Rosenstein S. Wyatt J. 1997. “Inside Directors, Board Effectiveness, and Shareholder Wealth.” Journal of Financial Economics 44 (May): 229–256.
33. Shivdasani A. 1993. “Board Composition, Ownership Structure, and Hostile Takeovers.” Journal of Accounting and Economics 16 (Jan./April/July): 167–198.
34. Shivdasani A. Yermack D. 1999. “CEO Involvement in the Selection of New Board Members: An Empirical Analysis.” Journal of Finance 54 (October): forthcoming.
35. Smith C. Watts R. 1992. “The Investment Opportunity Set and Corporate Financing, Dividend and Compensation Policies.” Journal of Financial Economics 32 (December): 263–292.
36. Strickland D. Wiles K. Zenner M. 1996. “A Requiem for the USA: Is Small Shareholder Monitoring Effective?” Journal of Financial Economics 40 (February): 319–338.
37. Vafeas N. 1999. “Board Meeting Frequency and Firm Performance.” Journal of Financial Economics 53 (July): 113–142.
38. Weisbach M. 1988. “Outside Directors and CEO Turnover.” Journal of Financial Economics 20 (January): 431–460.
39. Yermack D. 1996. “Higher Market Valuation of Firms with a Small Board of Directors.” Journal of Financial Economics 40 (February): 185–211.