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The Role of the Board of Directors in the Capital Budgeting Process - Evidence from S&P 500 Firms
16 references·0 citing·44 second hop
The Role of the Board of Directors in the Capital Budgeting Process - Evidence from S&P 500 Firms (2004)The Role of the Board of Directors in the…A Theory of Friendly Boards (2007)A Theory of Friendly BoardsA Theory of Board Control and Size (2006)A Theory of Board Control and…Capital budgeting and compensation with asymmetric information and moral hazard (2001)Capital budgeting and compens…Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature (2001)Boards of Directors as an End…The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1999)The Modern Industrial Revolut…Agency Cost of Free Cash Flow, Corporate Finance, and Takeovers (1999)Agency Cost of Free Cash Flow…Firm Performance and Board Committee Structure (1998)Firm Performance and Board Co…Detecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)Detecting long-run abnormal s…The Capital Budgeting Process: Incentives and Information (1996)The Capital Budgeting Process…Higher market valuation of companies with a small board of directors (1996)Higher market valuation of co…The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)The Modern Industrial Revolut…Pawns or Potentates: the reality of America's corporate boards (1990)Pawns or Potentates: the real…Managerial Incentives and Capital Management (1986)Managerial Incentives and Cap…Capital Budgeting Practices of Twelve Large Manufacturers (1986)Capital Budgeting Practices o…Capital Rationing and Organizational Slack in Capital Budgeting (1985)Capital Rationing and Organiz…A Survey of Capital Budgeting Techniques Used by Major U.S. Firms (1977)A Survey of Capital Budgeting…Agency Problems and the Theory of the Firm (1980)Separation of Ownership and Control (1983)Audit committee, board of director characteristics, and earnings management (2002)Boards: Does one size fit all☆ (2007)Endogeneity and the dynamics of internal corporate governance (2012)A Modest Proposal for Improved Corporate Governance (1992)Corporate governance in banking: The role of the board of directors (2008)Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility (2011)The Changing of the Boards: The Impact on Firm Valuation of Mandated Female Board Representation (2011)The Competitive Advantage of Nations (1990)Motivational synergy: Toward new conceptualizations of intrinsic and extrinsic motivation in the workplace (1993)Agency costs of free cash flow, corporate finance, and takeovers (1996)Capitalism, Socialism and Democracy (1997)Finance and Growth: Theory and Evidence (2004)The Changing of the Boards: The Impact on Firm Valuation of Mandated Female Board Representation (2011)Determinants of corporate borrowing (1977)Management ownership and market valuation (1988)Corporate Governance and Equity Prices (2003)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)Using daily stock returns (1985)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Politically Connected Firms (2006)Introductory Econometrics for Finance (2008)A Survey of Corporate Governance (1997)Corporate Governance, Board Diversity, and Firm Value (2003)How do family ownership, control and management affect firm value? (2005)Women in the boardroom and their impact on governance and performance☆ (2009)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Performance Pay and Top-Management Incentives (1990)Corporate governance, chief executive officer compensation, and firm performance (1999)Outside directors and CEO turnover (1988)Enjoying the Quiet Life? Corporate Governance and Managerial Preferences (2003)The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey (2010)GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS (1982)Two Agency-Cost Explanations of Dividends (1984)Corporate performance and managerial remuneration (1985)Management entrenchment (1989)Optimal Investment, Monitoring, and the Staging of Venture Capital (1995)Agency Problems and Dividend Policies Around the World (1998)STAKEHOLDER‐AGENCY THEORY (1992)Boards of Directors: A Review and Research Agenda (1996)The impact of culture and governance on corporate social reporting (2005)
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References

  • 1993The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems8,544 cited
  • 1996Higher market valuation of companies with a small board of directors6,614 cited
  • 1997Detecting long-run abnormal stock returns: The empirical power and specification of test statistics2,735 cited
  • 2001Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature2,499 cited
  • 2007A Theory of Friendly Boards2,413 cited
  • 1999Agency Cost of Free Cash Flow, Corporate Finance, and Takeovers1,853 cited
  • 1998Firm Performance and Board Committee Structure1,774 cited
  • 1999The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems1,659 cited
  • 1990Pawns or Potentates: the reality of America's corporate boards1,216 cited
  • 2006A Theory of Board Control and Size1,152 cited
  • 1986Managerial Incentives and Capital Management671 cited
  • 1985Capital Rationing and Organizational Slack in Capital Budgeting450 cited
  • 1996The Capital Budgeting Process: Incentives and Information386 cited
  • 1977A Survey of Capital Budgeting Techniques Used by Major U.S. Firms329 cited
  • 2001Capital budgeting and compensation with asymmetric information and moral hazard

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198 cited
  • 1986Capital Budgeting Practices of Twelve Large Manufacturers180 cited
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