On the antecedents of corporate severance agreements: An empirical assessment

This study of major corporations (n=481) provides an empirical assessment of the effects of several corporate governance variables (CEO duality, boards of director composition, officers and directors common stock holdings, institutional common stock holdings, number of majority owners) on the adopti...

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Bibliographic Details
Authors: Dalton, Dan R. (Author) ; Rechner, Paula L. (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1989
In: Journal of business ethics
Year: 1989, Volume: 8, Issue: 6, Pages: 455-462
Further subjects:B Corporate governance
B Empirical Assessment
B Univariate Analysis
B Economic Growth
B Discriminant Analysis
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Summary:This study of major corporations (n=481) provides an empirical assessment of the effects of several corporate governance variables (CEO duality, boards of director composition, officers and directors common stock holdings, institutional common stock holdings, number of majority owners) on the adoption of so-called severance agreements. A discriminant analysis indicates a significant multivariate function. Wilks lambda univariate analyses suggest that the percentage of common stock held by owners and directors and number of majority stock holders are the more robust discriminators.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/BF00381811