The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
When does ownership matter? Board characteristics and behavior
Open accessAbstract
We develop a contingency approach to explain how firm ownership influences the monitoring function of the board—measured as the magnitude of external audit fees contracted by the board—by extending agency theory to incorporate the resource dependence notion that boards have distinct incentives and abilities to monitor management. Analyses of data on C ontinental E uropean companies reveal that while board independence and audit services are complementary when ownership is dispersed, this is not the case when ownership is concentrated—suggesting that ownership concentration and board composition become substitutes in terms of monitoring management. Additional analysis shows that the relationship between board composition and external audit fees is also contingent upon the type of the controlling shareholder . Copyright © 2013 John Wiley & Sons, Ltd.
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A Survey of Corporate Governance
Shleifer, A., & Vishny, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb04820.x · Cited by 16,243
Cited by
Connecting the Dots: Bringing External Corporate Governance into the Corporate Governance Puzzle
Aguilera, R. V., Desender, K. A., Bednar, M. K., & Lee, J. H. (2015) · Academy of Management Annals · doi:10.1080/19416520.2015.1024503 · Cited by 502
Self-citationAbdullah, S. N., Ismail, K. N. I. K., & Nachum, L. (2016) · Strategic Management Journal · doi:10.1002/smj.2352 · Cited by 367
Ararat, M., Aksu, M., & Tansel Cetin, A. (2015) · Corporate Governance: An International Review · doi:10.1111/corg.12103 · Cited by 282
Rahman, H. U., & Zahid, M. (2021) · Gender in Management: An International Journal · doi:10.1108/gm-12-2019-0252 · Cited by 36
Metadata
- Authors
- Desender, K. A., Aguilera, R. V., Crespi, R., & GarcÍa‐cestona, M.
- Venue
- Strategic Management Journal
- Publisher
- Wiley
- Published
- 2013-03-21
- Volume
- 34
- Issue
- 7
- Pages
- 823-842
- ISSN
- 0143-2095 (ISSN-L)
- 1097-0266
- OpenAlex
- W2318322531
- Cited by
- 315
- References
- 1
- FWCI
- 76.81
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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