The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
A Theory of Board Control and Size
Abstract
This article presents a model of optimal control of corporate boards of directors. We determine when one would expect inside versus outside directors to control the board, when the controlling party will delegate decision-making to the other party, the extent of communication between the parties, and the number of outside directors. We show that shareholders can sometimes be better off with an insider-controlled board. We derive endogenous relationships among profits, board control, and the number of outside directors that call into question the usual interpretation of some documented empirical regularities. (JEL G34)
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Strategic information transmission
Crawford, V. P., & Sobel, J. (1982) · Econometrica · doi:10.2307/1913390 · Cited by 4,293
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
Women on board: Does boardroom gender diversity affect firm risk?
Sila, V., Gonzalez, A., & Hagendorff, J. (2016) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2015.10.003 · Cited by 804
CEO Compensation and Board Structure
CHHAOCHHARIA, V., & GRINSTEIN, Y. (2009) · The Journal of Finance · doi:10.1111/j.1540-6261.2008.01433.x · Cited by 611
Board reforms and firm value: worldwide evidence
Fauver, L., Hung, M., Li, X., & Taboada, A. G. (2017) · Journal of Financial Economics · doi:10.1016/j.jfineco.2017.04.010 · Cited by 407
Abdullah, S. N., Ismail, K. N. I. K., & Nachum, L. (2016) · Strategic Management Journal · doi:10.1002/smj.2352 · Cited by 367
Metadata
- Authors
- Harris, M., & Raviv, A.
- Venue
- Review of Financial Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 2006-07-20
- Volume
- 21
- Issue
- 4
- Pages
- 1797-1832
- ISSN
- 0893-9454 (ISSN-L)
- 1465-7368
- OpenAlex
- W2004531271
- Cited by
- 1,144
- References
- 1
- FWCI
- 123.46
- Type
- journal article
- Language
- en
- Open access
- closed
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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.
