The costs of entrenched boards
Integrity signals
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Each is checked against this paper’s own text: does it say what the citing paper says it does?
Bebchuk and Cohen (2005) show that, controlling for all other IRRC provisions, staggered boards are negatively correlated with Tobin's Q.
“In another relevant prior work, Bebchuk and Cohen (2005) show that, controlling for all other IRRC provisions, staggered boards are negatively correlated with Tobin's Q.”
From What Matters in Corporate Governance? (2009) · cites this paper as Bebchuk and Cohen (2005)
The most notable example of this phenomenon is staggered boards.
“The most notable example of this phenomenon is staggered boards [Bebchuk and Cohen (2005)].”
From What Matters in Corporate Governance? (2009) · cites this paper as Bebchuk and Cohen (2005)
With respect to some entrenching provisions, it is necessary to first obtain shareholder approval before they can be adopted, which made it difficult for firms that did not already have these entrenching provisions as of 1990 to adopt them afterwards.
“With respect to some of the entrenching provisions, it is necessary to first obtain shareholder approval before they can be adopted, which made it difficult for firms that did not already have these entrenching provisions as of 1990 to adopt them afterwards.”
From What Matters in Corporate Governance? (2009) · cites this paper as Bebchuk and Cohen (2005)
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References 57 · Cited by 986
- Authors
- Bebchuk, L. A., & Cohen, A.
- Affiliations
- National Bureau of Economic Research (US)
- Harvard University (US)
- Corresponding author
- Bebchuk, Lucian A.
- Venue
- Journal of Financial Economics
- Publisher
- Elsevier BV
- Published
- 2005-11
- Volume
- 78
- Issue
- 2
- Pages
- 409-433
- ISSN
- 0304-405X (ISSN-L)
- OpenAlex
- W3122302359
- Cited by
- 986
- References
- 57
- Citations by year
- 2026: 25 · 2025: 32 · 2024: 35 · 2023: 32 · 2022: 37 · 2021: 42 · 2020: 41 · 2019: 45 · 2018: 46 · 2017: 67 · 2016: 41 · 2015: 56 · 2014: 76 · 2013: 54 · 2012: 59
- FWCI
- 133.79
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Financial Economics (publishedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Accounting › Corporate Finance and Governance
- Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Governance and Law
- Social Sciences › Business, Management and Accounting › Accounting › Auditing, Earnings Management, Governance
- Keywords
- staggered boards, corporate governance, firm value, Tobin's Q, hostile takeovers, proxy contests, corporate charters, bylaws, listed companies
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