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Bucking the trend: Why do IPOs choose controversial governance structures and why do investors let them?
16 references·6 citing·42 second hop
Bucking the trend: Why do IPOs choose controversial governance structures and why do investors let them? (2022)Bucking the trend: Why do IPOs choose con…Are busy boards detrimental? (2013)Are busy boards detrimental?Extreme Governance: An Analysis of Dual-Class Firms in the United States (2009)Extreme Governance: An Analys…Agency Problems at Dual‐Class Companies (2009)Agency Problems at Dual‐Class…Boards: Does one size fit all☆ (2007)Boards: Does one size fit all☆Classified boards, firm value, and managerial entrenchment (2006)Classified boards, firm value…Why Has IPO Underpricing Changed over Time? (2005)Why Has IPO Underpricing Chan…The costs of entrenched boards (2005)The costs of entrenched boardsWhy Has IPO Underpricing Changed Over Time (2004)Why Has IPO Underpricing Chan…Does Delaware law improve firm value? (2001)Does Delaware law improve fir…Production, Information Costs and Economic Organization (1996)Production, Information Costs…Insider Ownership and the Decision to Go Public (1995)Insider Ownership and the Dec…The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)The Modern Industrial Revolut…Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior (1989)Efficient Capital Markets, In…Takeovers: Their Causes and Consequences (1988)Takeovers: Their Causes and C…Takeover Threats and Managerial Myopia (1988)Takeover Threats and Manageri…Managerial ownership of voting rights (1985)Managerial ownership of votin…Thirty Years of Change: The Evolution of Classified Boards (2025)Thirty Years of Change: The E…The questions being asked: Academic research, the media, and regulators (2024)The questions being asked: Ac…IPOs and SPACs: Recent Developments (2023)IPOs and SPACs: Recent Develo…Tournament incentives and IPO failure risk (2021)Tournament incentives and IPO…The Life Cycle Effects of Corporate Takeover Defenses (2021)The Life Cycle Effects of Cor…Board Dynamics Over the Startup Life Cycle (2020)Board Dynamics Over the Start…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt (1992)Investor Protection and Corporate Valuation (1999)Initial Public Offerings: An Analysis of Theory and Practice (2006)Theft and taxes☆ (2007)Job Market Signaling (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Dividend Policy under Asymmetric Information (1985)The economic implications of corporate financial reporting (2005)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Performance Pay and Top-Management Incentives (1990)Agency costs of free cash flow, corporate finance, and takeovers (1996)Corporate governance, chief executive officer compensation, and firm performance (1999)Management ownership and market valuation (1988)Higher market valuation of companies with a small board of directors (1996)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility (2011)Do women directors improve firm performance in China? (2013)Political Ideologies of CEOs (2013)Risk, Return, and Equilibrium: Empirical Tests (1973)Separation of Ownership and Control (1983)Common risk factors in the returns on stocks and bonds (1993)Women in the boardroom and their impact on governance and performance☆ (2009)The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey (2010)Endogeneity and the dynamics of internal corporate governance (2012)The "Hot Issue" Market of 1980 (1984)Initial Public Offerings and Underwriter Reputation (1990)A Review of IPO Activity, Pricing, and Allocations (2002)Which Shorts Are Informed? (2007)The market for corporate control (1983)The Categorical Imperative: Securities Analysts and the Illegitimacy Discount (1999)Corporate Social Responsibility: A Theory of the Firm Perspective (2001)Gender diversity, board independence, environmental committee and greenhouse gas disclosure (2014)Equilibrium Unemployment as a Worker Discipline Device (1986)Property Rights and the Nature of the Firm (1990)Comparative Economic Organization: The Analysis of Discrete Structural Alternatives (1991)A Survey of Corporate Governance (1997)Corporate Governance and Equity Prices (2003)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)Religious beliefs, gambling attitudes, and financial market outcomes (2011)Corruption culture and corporate misconduct (2016)
this work references cited by second hop

References

  • 1996Production, Information Costs and Economic Organization9,565 cited
  • 1993The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems8,544 cited
  • 2007Boards: Does one size fit all☆3,088 cited
  • 1989Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior2,585 cited
  • 1988Takeover Threats and Managerial Myopia1,670 cited
  • 2004Why Has IPO Underpricing Changed Over Time1,630 cited
  • 1988Takeovers: Their Causes and Consequences1,325 cited
  • 2005The costs of entrenched boards985 cited
  • 2005Why Has IPO Underpricing Changed over Time?931 cited
  • 1995Insider Ownership and the Decision to Go Public874 cited
  • 2009Extreme Governance: An Analysis of Dual-Class Firms in the United States672 cited
  • 1985Managerial ownership of voting rights659 cited
  • 2009Agency Problems at Dual‐Class Companies610 cited
  • 2006Classified boards, firm value, and managerial entrenchment574 cited
  • 2013Are busy boards detrimental?563 cited
  • 2001Does Delaware law improve firm value?556 cited

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Cited by

  • 2021The Life Cycle Effects of Corporate Takeover Defenses49 cited
  • 2021Tournament incentives and IPO failure risk26 cited
  • 2023IPOs and SPACs: Recent Developments25 cited
  • 2025Thirty Years of Change: The Evolution of Classified Boards18 cited
  • 2020Board Dynamics Over the Startup Life Cycle17 cited
  • 2024The questions being asked: Academic research, the media, and regulators6 cited