haku: @author Filatotchev, I. / yhteensä: 14
viite: 6 / 14
| Tekijä: | Filatotchev, I. |
| Otsikko: | Effects of executive characteristics and venture capital involvement on board composition and share ownership in IPO firms |
| Lehti: | British Journal of Management
2006 : MAR, VOL 17:1, p. 75-92 |
| Asiasana: | executives venture capital initial public offerings share ownership board of directors |
| Kieli: | eng |
| Tiivistelmä: | This article explores factors influencing board selection and share ownership in initial public offerings (IPOs) by combining the agency perspective, resource-based view and upper echelon research. It shows that board independence, cognitive capacity and the incentives of non-executive directors are negatively related with the experience and power of executive directors. Large-block share ownership is positively associated with the intensity and diversity of non-executives' experience. However, the retained equity by venture capitalists negatively impacts board independence and non-executive directors' interests. |
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