Impacts of the board of directors and ownership structure on consolidation strategies in shipping industry
Tài liệu tham khảo
Agrawal, 1996, Firm performance and mechanisms to control agency problems between managers and shareholders, Journal of financial and quantitative analysis, 31, 377, 10.2307/2331397
Alba, 2009, Corporate governance and merger and acquisition (M&A) FDI: Firm-level evidence from Japanese FDI into the US, Journal of multinational financial management, 19, 1, 10.1016/j.mulfin.2008.01.003
amihud, 1981, Risk reduction as a managerial motive for conglomerate mergers, Journal of Economics, 12, 605
Anderson, 2004, Board composition: Balancing family influence in S&P 500 firms, Administrative science quarterly, 49, 209, 10.2307/4131472
bank, 2009, Dividends and politics, European journal of political economy, 25, 208, 10.1016/j.ejpoleco.2009.01.002
Becht, 2003, Reciprocity in takeovers, Working paper, University of Bruxelles
Bethel, 1993, The effects of ownership structure on corporate restructuring, Strategic Management Journal, 14, 15, 10.1002/smj.4250140904
Bhattacharya, 1981, Notes on multiperiod valuation and the pricing of options, Journal of Finance, 36, 163, 10.1111/j.1540-6261.1981.tb03541.x
Bleeke, 1995, Is your strategic alliance really a sale?, Harvard Business Review, 73, 97
Boeker, 1992, Power and managerial dismissal: Scapegoating at the top, Administrative Science Quarterly, 37, 400, 10.2307/2393450
Brooks, 2000
Brooks, 2006, Mergers and acquisitions in the maritime transport industry 1996-2000, Transportation journal Spring, 7, 10.2307/20713631
Claessens, 2000, The separation of ownership and control in East Asian corporations, The Journal of Financial Economics, 58, 81, 10.1016/S0304-405X(00)00067-2
cannella, 1993, Succession as a sociopolitical process: Internal impediments to outsider selection, Academy of Management Journal, 36, 769, 10.2307/256758
Connelly, B. L., Hoskisson, Robert E., Tihanyi, L., and Certo, S. T. (2010), “Ownership as a Form of Corporate Governance,” Journal of management studies
Dalton, 1985, Organizational performance as an antecedent of inside/outside chief executive succession: An empirical assessment, Academy of Management Journal, 28, 749, 10.2307/256235
Dalton, 2003, Meta-analysis of financial performance and equity: fusion or confusion?, Academy of Management Journal, 46, 13, 10.2307/30040673
David, 1998, The effect of institutional investors on the level and mix of CEO compensation, Academy of Management Journal, 41, 200, 10.2307/257102
Demsetz, 1983, The structure of ownership and the theory of the firm, Journal of law and economics, 25, 375, 10.1086/467041
Devers, 2007, Executive compensation: a multidisciplinary review and synthesis of recent developments, Journal of Management, 33, 1016, 10.1177/0149206307308588
Douma, 2006, Foreign and domestic ownership, business groups, and firm performance: evidence from a large emerging market, Strategic Management Journal, 27, 637, 10.1002/smj.535
Eisenhardt, 1989, Agency theory: An assessment and review, Academy of management review, 14, 57, 10.5465/amr.1989.4279003
Fama, 1980, Agency problems and the theory of the firm, Journal of Political Economy, 88, 288, 10.1086/260866
Fama, 1983, Agency problems and residual claims, Journal of Law and Economics, 26, 327, 10.1086/467038
George, 2005, Ownership and the internationalization of small firms, Journal of Management, 31, 210, 10.1177/0149206304271760
Gilson, 2006, Controlling shareholders and corporate governance: Complicating the comparative taxonomy, Harvard law review, 119, 1641
Gomez-Mejia, 2003, The determinants of executive compensation in family-controlled public corporations, Academy of management journal, 46, 226, 10.2307/30040616
Halpern, 1983, Corporate acquisitions: a theory of special cases?A review of event studies applied to acquisitions, Journal of Finance, 38, 297, 10.2307/2327962
Harrigan, 1988, Strategic alliances and partner asymmetries, Management International Review, 28, 53
Heaver, 2000, Do mergers and alliances influence European shipping and port competition?, Maritime policy and Management, 27, 363, 10.1080/030888300416559
Hill, 1991, Cooperative versus competitive structures in related and unrelated diversified firms, Organization Science, 3, 501, 10.1287/orsc.3.4.501
Hiller, 2005, Conceptualizing executive hubris: the role of (hyper-coreself-evaluations in strategic decision making, Strategic Management Journal, 26, 297, 10.1002/smj.455
Himmelberg, 1999, Understanding the determinants of managerial ownership and the link between ownership and performance, Journal of Financial Economics, 53, 353, 10.1016/S0304-405X(99)00025-2
Hoskisson, 2002, Conflicting voices: the effects of institutional ownership heterogeneity and internal governance on corporate innovation strategies, Academy of Management Journal, 45, 697, 10.2307/3069305
Jensen, 1976, Theory of the firm: managerial behavior, agency costs and ownership structure, Journal of Financial Economics, 3, 305, 10.1016/0304-405X(76)90026-X
Jensen, 1983, The market for corporate control: the scientific evidence, Journal of Financial Economics, 11, 5, 10.1016/0304-405X(83)90004-1
Jensen, 1986, Agency costs of free cash flow, corporate finance, and takeovers, American Economic Review, 76, 323
Kadar, 1999, It's 1999: Looking Backward (and Forward) at Transportation, Mercer on Transport, 1, 3
Kole, 1997, The complexity of compensation contracts, Journal of Financial Economics, 43, 79, 10.1016/S0304-405X(96)00888-4
Krishnan, 2007, Acquisition premiums, subsequent workforce reductions and post-acquisition performance, Journal of management studies, 44, 709, 10.1111/j.1467-6486.2006.00672.x
Lane, 1998, Agency problems as antecedents to unrelated mergers and diversification: Amihud and Lev reconsidered, Strategic management journal, 19, 555, 10.1002/(SICI)1097-0266(199806)19:6<555::AID-SMJ955>3.0.CO;2-Y
Levine, 1986, Corporate odd couples, Business Week, 100
Lys, 1995, An analysis of value destruction in AT&T's acquisition of NCR, Journal of Financial Economics, 39, 353, 10.1016/0304-405X(95)00831-X
Maury, 2005, Multiple large shareholders and firm value, Journal of Banking and Finance, 29, 1813, 10.1016/j.jbankfin.2004.07.002
Morck, 1988, Management ownership and market valuation: an empirical analysis, Journal of Financial Economics, 20, 293, 10.1016/0304-405X(88)90048-7
Morck, 1990, Do managerial objectives drive bad acquisitions?, Journal of Finance, 45, 31, 10.1111/j.1540-6261.1990.tb05079.x
Panayides, 2002, The stock market reaction to merger and acquisition announcements in liner shipping, International journal of maritime economics, 4, 55, 10.1057/palgrave.ijme.9100030
Perry, 2000, CEO compensation in the 1990s: shareholder alignment or shareholder expropriation?, Wake Forest Law Review, 35, 123
Porter, 2009, Institutional investors and their role in corporate governance: reflections by a ‘recovering’ corporate governance lawyer, Case Western Reserve law review, 59, 627
Ramaswamy, 2002, Variations in ownership behavior and propensity to diversify: a study of the Indian corporate context, Strategic Management Journal, 23, 345, 10.1002/smj.227
Roll, 1986, The hubris hypothesis of corporate takeovers, Journal of Business, 59, 197, 10.1086/296325
Shleifer, 1986, Large share-holders and corporate control, Journal of Political Economy, 94, 461, 10.1086/261385
Syriopoulos, 2007, Value creation through corporate desctruction?, Corporate governance in shipping takeovers,” Maritime policy and Management, 34, 225, 10.1080/03088830701342973
Tihanyi, L., Hoskisson, R. E., Johnson, R. A. and WAN, W. P. (2010), “Technological competence and international diversification: the role of managerial incentives,” Management International Review
Tihanyi, 2003, Institutional ownership differences and international diversification: the effects of boards of directors and technological opportunity, Academy of Management Journal, 46, 195, 10.2307/30040614
Vroom, 2007, Ownership form, managerial incentives, and the intensity of rivalry, Academy of management journal, 50, 901, 10.5465/AMJ.2007.26279210
Walsh, 1990, On the efficiency of internal and external corporate-control mechanisms, Academy of Management Review, 15, 421, 10.5465/amr.1990.4308826
Weston, 1998
Wright, 1996, Impact of corporate insider, blockholder, and institutional equity ownership on firm risk taking, Academy of Management Journal, 39, 441, 10.2307/256787
Wright, 2002, The structure of ownership and corporate acquisition strategies, Strategic Management Journal, 23, 41, 10.1002/smj.208