The DOI matches its Crossref record; 7 of the 7 references it cites were found in a registry or an index.
Watchdog or Lapdog? A Behavioral View of the Media as a Corporate Governance Mechanism
Abstract
This study begins to provide a behavioral view of the media and corporate governance by showing how firms enact largely symbolic governance changes with respect to board independence that essentially protect managerial interests, yet still elicit positive responses from the media. I show why this media response is important for firm leaders by examining how more favorable media coverage may affect CEO job security, executive compensation, and board composition. To the extent that largely symbolic actions affect media coverage, this study raises questions about the effectiveness of the media as a governance control mechanism.
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Citations
Cites
The pricing of options and corporate liabilities
Black, F., & Scholes, M. (1973) · Journal of Political Economy · doi:10.1086/260062 · Cited by 29,074
Sample Selection Bias as a Specification Error
Heckman, J. J. (1979) · Econometrica · doi:10.2307/1912352 · Cited by 28,779
Managing Legitimacy: Strategic and Institutional Approaches
Suchman, M. C. (1995) · The Academy of Management Review · doi:10.2307/258788 · Cited by 19,903
Strategic Responses to Institutional Processes
Oliver, C. (1991) · The Academy of Management Review · doi:10.5465/amr.1991.4279002 · Cited by 8,950
Baumeister, R. F., Bratslavsky, E., Finkenauer, C., & Vohs, K. D. (2001) · Review of General Psychology · doi:10.1037/1089-2680.5.4.323 · Cited by 7,678
Power in Top Management Teams: Dimensions, Measurement, and Validation
Finkelstein, S. (1992) · Academy of Management Journal · doi:10.5465/256485 · Cited by 2,389
Chatterjee, A., & Hambrick, D. C. (2007) · Administrative Science Quarterly · doi:10.2189/asqu.52.3.351 · Cited by 2,074
Metadata
- Authors
- Bednar, M. K.
- Venue
- Academy of Management Journal
- Publisher
- Academy of Management
- Published
- 2012-02
- Volume
- 55
- Issue
- 1
- Pages
- 131-150
- ISSN
- 0001-4273 (ISSN-L)
- 1948-0989
- OpenAlex
- W2110651358
- Cited by
- 503
- References
- 7
- FWCI
- 62.44
- Type
- journal article
- Language
- en
- Open access
- closed
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