Too Much of a Good Thing? Board Independence and the Value of Initial Public Offerings

E-viri

Recenzirano Odprti dostop

Too Much of a Good Thing? Board Independence and the Value of Initial Public Offerings

Bertoni, Fabio; Meoli, Michele; Vismara, Silvio

British journal of management, April 2023, Letnik: 34, Številka: 2

Journal Article

Building on agency and resource dependence theories, we study the relationship between the value of initial public offerings and the extent of board independence, which we find to be an inverted U‐shape: beyond a certain threshold, board independence becomes excessive. Consistent with agency theory, the inverted U‐shaped relationship is more pronounced when ownership and control rights are separated. Consistent with resource dependence theory, the inverted U‐shaped relationship is more pronounced in companies with higher industry diversification and less pronounced when the roles of the CEO and president of the board of directors are separated.

Išči dalje

Avtor

Bertoni, Fabio | Meoli, Michele | Vismara, Silvio

Dostop do baze podatkov JCR je dovoljen samo uporabnikom iz Slovenije. Vaš trenutni IP-naslov ni na seznamu dovoljenih za dostop, zato je potrebna avtentikacija z ustreznim računom AAI.

Leto	Faktor vpliva		Izdaja		Kategorija		Razvrstitev
Leto	JCR	SNIP	JCR	SNIP	JCR	SNIP	JCR	SNIP

Povezave do osebnih bibliografij avtorjev	Povezave do podatkov o raziskovalcih v sistemu SICRIS

Vir: Osebne bibliografije in: SICRIS

Naloži sliko

Vnos na polico

Dodajanje gradiva na polico je uspelo.

Dodajanje gradiva na polico je spodletelo.

Dodajanje gradiva na polico ni bilo potrebno.

Trajna povezava

E-pošta

Faktor vpliva

Izberite knjižnično izkaznico:

Baze podatkov, v katerih je revija indeksirana

Citiranje

Tema