Larger board size and decreasing firm value in small firms1

作者: Theodore Eisenberg , Stefan Sundgren , Martin T. Wells

DOI: 10.1016/S0304-405X(98)00003-8

关键词:

摘要: … Indeed, Yermack finds no consistent association between board size and firm value for board sizes below six, and recognizes that his sample, dominated by firms with large boards, is …

参考文章(15)
William Lucius Cary, Melvin Aron Eisenberg, Cases and Materials on Corporations ,(1988)
Jay W. Lorsch, Martin Lipton, A Modest Proposal for Improved Corporate Governance Business Lawyer. ,(1992)
Mark J. Roe, Ronald J. Gilson, Understanding the Japanese Keiretsu: Overlaps between Corporate Governance and Industrial Organization The Yale Law Journal. ,vol. 102, pp. 871- ,(1993) , 10.2307/796835
David E. Hapeman, Categorical Data Analysis Technometrics. ,vol. 33, pp. 241- 241 ,(1991) , 10.1080/00401706.1991.10484817
Halbert White, Maximum likelihood estimation of misspecified models Econometrica. ,vol. 50, pp. 1- 25 ,(1982) , 10.2307/1912004
Kenneth Joseph Arrow, Essays in the theory of risk-bearing ,(1958)
James A Ohlson, None, Financial Ratios and the Probabilistic Prediction of Bankruptcy Journal of Accounting Research. ,vol. 18, pp. 109- 131 ,(1980) , 10.2307/2490395
Benjamin E. Hermalin, Michael S. Weisbach, The Determinants of Board Composition The RAND Journal of Economics. ,vol. 19, pp. 589- 606 ,(1988) , 10.2307/2555459
David Yermack, Higher market valuation of companies with a small board of directors Journal of Financial Economics. ,vol. 40, pp. 185- 211 ,(1996) , 10.1016/0304-405X(95)00844-5