By Mark Hirschey, A. K. Makhija, K. John
This quantity includes fourteen study papers with theoretical and empirical therapy of vital monetary points of company governance. The papers conceal significant company governance matters reminiscent of the position of the board of administrators, possession constitution, possession focus, and the effect of out of doors blockholders. one other salient characteristic of this assortment is that it deals large overseas facts, together with that from the USA of the USA, Australia, Germany, Saudi Arabia, China, India, and Malaysia.
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Extra resources for Corporate Governance, Volume 9 (Advances in Financial Economics)
Ms. Ellery served as President of LookSmart from June 1999 through 24 ELIZABETH A. GORDON ET AL. March 2001 and Senior Vice President of Product from July 1996 to June 1999. From 1991 to 1994, Ms. Ellery was Chief Executive Officer of Student Services Australia, an Australian college publishing and retail company. Ms. Ellery studied drama and legal studies at Deakin University, Australia. Ms. Ellery is married to Mr. Thornley. 1. This relationship between Thornley and Ellery was coded as a single transaction.
Financial Accounting Standards Board (FASB) (1982). Statement of financial accounting standard No. 57. Related party disclosures. , & Henry, E. (2003). Related party transactions and earnings management. Working Paper, Rutgers University. , & Palia, D. (2004). The determinants of related party transactions and their impact on firm value. Working Paper, Rutgers University. , & Meckling, W. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3, 305–360.
To avoid the influence of extreme observations on the analyses of corporate governance variables, we report median values. 2. Matching Firms To assess whether preferred issuers have unusual corporate governance characteristics we need to specify a benchmark, or the corporate governance characteristics we expect in the absence of the use of preferred stock. We compare corporate governance characteristics of preferred issuers with those of control firms selected by various matching schemes. The criteria of three matching designs that are detailed below are: (i) industry and size; (ii) industry, size, and book-to-market ratio; and (iii) industry, size, and leverage ratio.
Corporate Governance, Volume 9 (Advances in Financial Economics) by Mark Hirschey, A. K. Makhija, K. John