The DOI matches its Crossref record.
Leadership structure: Separating the CEO and Chairman of the Board
Open accessAbstract
Shareholder activists and regulators are pressuring U.S. firms to separate the titles of CEO and Chairman of the Board. They argue that separating the titles will reduce agency costs in corporations and improve performance. The existing empirical evidence appears to support this view. We argue that this separation has potential costs, as well as potential benefits. In contrast to most of the previous empirical work, our evidence suggests that the costs of separation are larger than the benefits for most large firms.
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Citations
Cited by
The role of information and financial reporting in corporate governance and debt contracting
Armstrong, C. S., Guay, W. R., & Weber, J. P. (2010) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2010.10.001 · Cited by 1,494
Appuhami, R., & Bhuyan, M. (2015) · Managerial Auditing Journal · doi:10.1108/maj-04-2014-1022 · Cited by 100
Metadata
- Authors
- Brickley, J. A., Coles, J. L., & Jarrell, G.
- Venue
- Journal of Corporate Finance
- Publisher
- Elsevier BV
- Published
- 1997-06
- Volume
- 3
- Issue
- 3
- Pages
- 189-220
- ISSN
- 0929-1199 (ISSN-L)
- OpenAlex
- W2115290060
- Cited by
- 1,526
- References
- 0
- FWCI
- 60.60
- Type
- journal article
- Language
- en
- Open access
- hybrid
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- CoChat. (2026). Citation check: Leadership structure: Separating the CEO and Chairman of the Board. https://app.cochat.ai/papers/10.1016/s0929-1199(96)00013-2
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- Brickley, J. A., Coles, J. L., & Jarrell, G. (1997). Leadership structure: Separating the CEO and Chairman of the Board. Journal of Corporate Finance. https://doi.org/10.1016/s0929-1199(96)00013-2
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
