Conyon, Martin and Read, L (2006) A Model of the Supply of Executives for Outside Directorships. Journal of Corporate Finance, 12 (3). pp. 645-659. ISSN 0929-1199
Full text not available from this repository.Abstract
Why do firms allow their executives to accept outsidedirectorships? Are firms acting in the best interests of their shareholders by allowing them to do so? We develop a theoretical model where accepting an outsidedirectorship alters the CEO's effect on the value of the home firm. Our model illustrates that executives will choose to spend more time on external directorships than is optimal for the home firm. Our theoretical model is consistent with other recent empirical finance research on the effects of external directorships.
Item Type:
Journal Article
Journal or Publication Title:
Journal of Corporate Finance
Uncontrolled Keywords:
/dk/atira/pure/core/keywords/accountingandfinance
Subjects:
?? corporate governance firm performance boards of directorsaccounting and financefinanceeconomics and econometricsbusiness and international managementstrategy and managementhf5601 accounting ??
Departments:
ID Code:
53926
Deposited By:
Deposited On:
26 Jun 2012 08:40
Refereed?:
Yes
Published?:
Published
Last Modified:
15 Jul 2024 12:46