haku: @author Moore, W. / yhteensä: 7
viite: 2 / 7
| Tekijä: | Lippert, R. Moore, W. |
| Otsikko: | Monitoring versus bonding: shareholder rights and management compensation |
| Lehti: | Financial Management
1995 : AUTUMN, VOL. 24:3, p. 54-62 |
| Asiasana: | FINANCIAL MANAGEMENT SHAREHOLDERS RIGHTS ISSUES |
| Kieli: | eng |
| Tiivistelmä: | Using a sample of nearly 700 firms, the authors document a significant level of substitution between monitoring efforts by shareholders and bonding of Chief Executive Officers' (CEO) compensation with shareholder wealth. Direct shareholder monitoring effectiveness is measured by various dimensions of voting rights, e.g., equal voting, cumulative voting, and confidential voting. Indirect monitoring is measured by the degree of independence of the board of directors. |
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