Higher market valuation of companies with a small board of directors

Keywords

Corporate governance, Valuation (finance), Accounting, Market value, Business

References

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• Bankruptcy, boards, banks, and blockholders: Evidence on changes in corporate ownership and control when firms defaultStuart C. Gilson — 1990
• A Modest Proposal for Improved Corporate GovernanceMartin J. Lipton, Jay W. Lorsch — 1992
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• Panel Data and Unobservable Individual EffectsJerryA. Hausman, WilliamE. Taylor — 1981
• The Effects of Board Composition and Direct Incentives on Firm PerformanceBenjamin E. Hermalin, Michael S. Weisbach — 1991
• Additional evidence on equity ownership and corporate valueJohn J. McConnell, Henri Servaes — 1990
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• Managers, Owners, and The Pricing of Risky Debt: An Empirical AnalysisElizabeth Strock Bagnani, Nikolaos T. Milonas, Anthony Saunders — 1994
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• The Investment Opportunity Set and Corporate Financing, Dividend, and Compensation PoliciesClifford W. Smith, Ross L. Watts — 1992
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• The Modern Industrial Revolution, Exit, and the Failure of Internal Control SystemsMichael C. Jensen — 1993
• Outside directors, board independence, and shareholder wealth☆Stuart Rosenstein, Jeffrey G. Wyatt — 1990
• Diversification's effect on firm valuePhilip G. Berger, Eli Ofek — 1995
• The Determinants of Board CompositionBenjamin E. Hermalin, Michael S. Weisbach — 1988
• Corporate takeovers, firm performance, and board compositionOmesh Kini, William A. Kracaw, Shehzad L. Mian — 1995

Cited by

• Board Characteristics and Firm Performance: Evidence from Bursa Malaysia Ace MarketAminaddin Nabihah — 2013
• The Dual Role of Corporate Boards as Advisors and Monitors of Management: Theory and EvidenceRenée B. Adams — 2000
• Impact of board size and board diversity on firm value: Australian evidenceHoa Nguyen, Robert W. Faff — 2007
• CEO Deal-Making Activity, CEO Compensation and Firm ValueEliezer M. Fich, Laura T. Starks, Adam S. Yore — 2008
• Corporate Governance and the Hedging Premium Around the WorldGeorge Allayannis, Uǧur Lel, Darius P. Miller — 2008
• The relationship between corporate governance and environmental disclosure : UK evidenceRania AbuRaya — 2012
• Multiple Directorships, Board Characteristics and Firm Performance in MalaysiaRohaida Abdul Latif, Hasnah Kamardin, Kamarun Nisham Taufil Mohd — 2013
• Managerial turnover and performance in outside boards: Ownership makes the differenceMiguel Ángel García Cestona, Esteban Lafuente — 2019
• Dynamics of audit quality : behavioural approach and governance framework : UK evidenceRabih Nehme — 2013
• Financial Reporting and Corporate Governance: Essays on the contracting role of accounting and the effects of monitoring mechanismsNiuosha Samani — 2015
• Board independence and firm performance: evidence from ASX-listed companiesYi Wang — 2009
• Takeover Discipline and Asset TangibilityJulien Sauvagnat — 2013
• The Impact of Ownership Structure on Voluntary Corporate Disclosure in Annual Reports: Evidence from FijiIfraz Khan, Priyashni Vandana Chand, Arvind Patel — 2013
• CEO pay slice and firm value: evidence from UK panel dataValentina Tarkovska — 2017
• Es el género una variable predictora de la rentabilidadVicente Evelio Condor López — 2009
• What Corporate Governance Elements Predict Firm Value: Evidence from BrazilBernard S. Black, Antônio Gledson de Carvalho, Érica Gorga — 2009
• CORPORATE GOVERNANCE Empirical Research on Board Size, Board Composition, Board Activity, Ownership Concentration and Their Effects on Performance Of Vietnamese Listed CompaniesDung To Thi — 2011
• IMPACT OF INTERNAL GOVERNANCE MECHANISMS ON THE IPO LONG TERM PERFORMANCEAdel Boubaker, Mediha Mezhoud — 2012
• Good Corporate Governance controls earnings management during financial crisesRalph van Gelderen — 2013
• The impact of business environment and boards of directors on strategic decision-making: A case study of Greek listed companiesMaria Balta — 2008

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