haku: @author Mayer, C. / yhteensä: 22
viite: 5 / 22
| Tekijä: | Franks, J. Mayer, C. Renneboog, L. |
| Otsikko: | Who disciplines management in poorly performing companies? |
| Lehti: | Journal of Financial Intermediation
2001 : JUL-OCT, VOL. 10:3-4, p. 209-248 |
| Asiasana: | COMPANY PERFORMANCE DISCIPLINE MANAGEMENT |
| Kieli: | eng |
| Tiivistelmä: | Economic theory points to five parties disciplining management of poorly performing firms: holders of large share blocks, acquirers of new blocks, bidders in takeovers, nonexecutive directors, and investors during periods of financial distress. This paper reports the first comparative evaluation of the role of these different parties in disciplining management. |
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