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|a (DE-627)JST045359997
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|a (JST)25075555
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|a DE-627
|b ger
|c DE-627
|e rakwb
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|a eng
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|a Certo, S. Trevis
|e verfasserin
|4 aut
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|a Boards of Directors' Self Interest: Expanding for Pay in Corporate Acquisitions?
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|c 2008
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|a Text
|b txt
|2 rdacontent
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|a Computermedien
|b c
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|a Director compensation can potentially represent an ethical minefield. When faced with supporting strategic decisions that can lead to an increase in director pay, directors may consider their own interests and not solely those of the shareholders to whom they are legally bound to represent. In such cases, directors essentially become agents, rather than those installed to protect principals (shareholders) from agents. Using acquisitions as a study context, we employ a matched-pair design and find a statistically significant difference in outside director compensation between acquiring and control firms. Outside directors of acquiring firms earn more than twice as much as their counterparts in the matched-sample.
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|a Copyright 2008 Springer
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|a Acquisitions
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|a Agency theory
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|a Board of directors
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|a Director compensation
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|a Business
|x Business administration
|x Corporate governance
|x Outside directors
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|a Economics
|x Economic disciplines
|x Financial economics
|x Finance
|x Financial investments
|x Investors
|x Shareholders
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|a Business
|x Business structures
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|a Business
|x Business administration
|x Corporate governance
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|a Behavioral sciences
|x Psychology
|x Personality psychology
|x Motivation
|x Self interest
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650 |
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|a Business
|x Business administration
|x Corporate governance
|x Corporate boards
|x Boards of directors
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|a Economics
|x Economic disciplines
|x Labor economics
|x Employment
|x Occupations
|x Businesspeople
|x Business executives
|x Chief executive officers
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|a Business
|x Business administration
|x Human resources
|x Employee compensation
|x Executive compensation
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|a Economics
|x Economic disciplines
|x Financial economics
|x Finance
|x Financial instruments
|x Financial securities
|x Dilutive securities
|x Stock options
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650 |
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4 |
|a Business
|x Business operations
|x Commerce
|x Pricing
|x Price level changes
|x Repricing
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650 |
|
4 |
|a Business
|x Business administration
|x Corporate governance
|x Outside directors
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650 |
|
4 |
|a Economics
|x Economic disciplines
|x Financial economics
|x Finance
|x Financial investments
|x Investors
|x Shareholders
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650 |
|
4 |
|a Business
|x Business structures
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650 |
|
4 |
|a Business
|x Business administration
|x Corporate governance
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650 |
|
4 |
|a Behavioral sciences
|x Psychology
|x Personality psychology
|x Motivation
|x Self interest
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650 |
|
4 |
|a Business
|x Business administration
|x Corporate governance
|x Corporate boards
|x Boards of directors
|
650 |
|
4 |
|a Economics
|x Economic disciplines
|x Labor economics
|x Employment
|x Occupations
|x Businesspeople
|x Business executives
|x Chief executive officers
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650 |
|
4 |
|a Business
|x Business administration
|x Human resources
|x Employee compensation
|x Executive compensation
|
650 |
|
4 |
|a Economics
|x Economic disciplines
|x Financial economics
|x Finance
|x Financial instruments
|x Financial securities
|x Dilutive securities
|x Stock options
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650 |
|
4 |
|a Business
|x Business operations
|x Commerce
|x Pricing
|x Price level changes
|x Repricing
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655 |
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|a research-article
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700 |
1 |
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|a Dalton, Catherine M.
|e verfasserin
|4 aut
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1 |
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|a Dalton, Dan R.
|e verfasserin
|4 aut
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1 |
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|a Lester, Richard H.
|e verfasserin
|4 aut
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0 |
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|i Enthalten in
|t Journal of Business Ethics
|d Springer Science + Business Media
|g 77(2008), 2, Seite 219-230
|w (DE-627)270937129
|w (DE-600)1478688-6
|x 15730697
|7 nnns
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|g volume:77
|g year:2008
|g number:2
|g pages:219-230
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|u https://www.jstor.org/stable/25075555
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|d 77
|j 2008
|e 2
|h 219-230
|