Matches in SemOpenAlex for { <https://semopenalex.org/work/W2020443871> ?p ?o ?g. }
- W2020443871 abstract "This paper examines the impact of multiple directorships on stockholder wealth around the announcements of mergers and acquisitions. Grounded in agency theory, we argue that multiple directorships affect the quality of managerial oversight and thus influence agency conflicts in acquisition decisions. We show that acquiring firms where directors hold more outside board seats experience more negative abnormal returns. This adverse effect, nonetheless, does not extend across the entire range of multiple directorships. Rather, the detrimental impact is significant only when the number of outside board seats surpasses a certain threshold. We interpret this result as suggesting that directors serving on multiple boards allow value-destroying acquisitions when they become too busy beyond a certain point, and the effect of directors’ busyness on acquisition performance appears to be nonlinear. We employ several alternative definitions of directors’ busyness and obtain consistent results." @default.
- W2020443871 created "2016-06-24" @default.
- W2020443871 creator A5001952689 @default.
- W2020443871 creator A5050054431 @default.
- W2020443871 creator A5085978227 @default.
- W2020443871 date "2009-12-28" @default.
- W2020443871 modified "2023-09-24" @default.
- W2020443871 title "Multiple Directorships and Acquirer Returns" @default.
- W2020443871 cites W1493110574 @default.
- W2020443871 cites W1513613701 @default.
- W2020443871 cites W1522765403 @default.
- W2020443871 cites W1539835204 @default.
- W2020443871 cites W1851403087 @default.
- W2020443871 cites W1964855933 @default.
- W2020443871 cites W1965159001 @default.
- W2020443871 cites W1979927021 @default.
- W2020443871 cites W1987416908 @default.
- W2020443871 cites W2002118173 @default.
- W2020443871 cites W2013568998 @default.
- W2020443871 cites W2014524200 @default.
- W2020443871 cites W2023006733 @default.
- W2020443871 cites W2024701722 @default.
- W2020443871 cites W2026946218 @default.
- W2020443871 cites W2028407599 @default.
- W2020443871 cites W2030415309 @default.
- W2020443871 cites W2036761606 @default.
- W2020443871 cites W2040827219 @default.
- W2020443871 cites W2060145379 @default.
- W2020443871 cites W2074132263 @default.
- W2020443871 cites W2079780224 @default.
- W2020443871 cites W2101376317 @default.
- W2020443871 cites W2111562586 @default.
- W2020443871 cites W2127153085 @default.
- W2020443871 cites W2143513521 @default.
- W2020443871 cites W2283303653 @default.
- W2020443871 cites W3121131820 @default.
- W2020443871 cites W3121172874 @default.
- W2020443871 cites W3121608236 @default.
- W2020443871 cites W3122178747 @default.
- W2020443871 cites W3123234532 @default.
- W2020443871 cites W3123468997 @default.
- W2020443871 cites W3123724197 @default.
- W2020443871 cites W3123745079 @default.
- W2020443871 cites W3123857648 @default.
- W2020443871 cites W3124242212 @default.
- W2020443871 cites W3124254178 @default.
- W2020443871 cites W3125397542 @default.
- W2020443871 cites W3125441856 @default.
- W2020443871 cites W3149901755 @default.
- W2020443871 cites W2114388464 @default.
- W2020443871 hasPublicationYear "2009" @default.
- W2020443871 type Work @default.
- W2020443871 sameAs 2020443871 @default.
- W2020443871 citedByCount "10" @default.
- W2020443871 countsByYear W20204438712013 @default.
- W2020443871 countsByYear W20204438712014 @default.
- W2020443871 countsByYear W20204438712015 @default.
- W2020443871 countsByYear W20204438712017 @default.
- W2020443871 crossrefType "posted-content" @default.
- W2020443871 hasAuthorship W2020443871A5001952689 @default.
- W2020443871 hasAuthorship W2020443871A5050054431 @default.
- W2020443871 hasAuthorship W2020443871A5085978227 @default.
- W2020443871 hasConcept C10138342 @default.
- W2020443871 hasConcept C108170787 @default.
- W2020443871 hasConcept C111472728 @default.
- W2020443871 hasConcept C119857082 @default.
- W2020443871 hasConcept C120757647 @default.
- W2020443871 hasConcept C121955636 @default.
- W2020443871 hasConcept C138885662 @default.
- W2020443871 hasConcept C144133560 @default.
- W2020443871 hasConcept C15744967 @default.
- W2020443871 hasConcept C200707436 @default.
- W2020443871 hasConcept C2524010 @default.
- W2020443871 hasConcept C2776035688 @default.
- W2020443871 hasConcept C2776291640 @default.
- W2020443871 hasConcept C2779530757 @default.
- W2020443871 hasConcept C28719098 @default.
- W2020443871 hasConcept C33923547 @default.
- W2020443871 hasConcept C39389867 @default.
- W2020443871 hasConcept C41008148 @default.
- W2020443871 hasConcept C46312422 @default.
- W2020443871 hasConcept C548217281 @default.
- W2020443871 hasConceptScore W2020443871C10138342 @default.
- W2020443871 hasConceptScore W2020443871C108170787 @default.
- W2020443871 hasConceptScore W2020443871C111472728 @default.
- W2020443871 hasConceptScore W2020443871C119857082 @default.
- W2020443871 hasConceptScore W2020443871C120757647 @default.
- W2020443871 hasConceptScore W2020443871C121955636 @default.
- W2020443871 hasConceptScore W2020443871C138885662 @default.
- W2020443871 hasConceptScore W2020443871C144133560 @default.
- W2020443871 hasConceptScore W2020443871C15744967 @default.
- W2020443871 hasConceptScore W2020443871C200707436 @default.
- W2020443871 hasConceptScore W2020443871C2524010 @default.
- W2020443871 hasConceptScore W2020443871C2776035688 @default.
- W2020443871 hasConceptScore W2020443871C2776291640 @default.
- W2020443871 hasConceptScore W2020443871C2779530757 @default.
- W2020443871 hasConceptScore W2020443871C28719098 @default.
- W2020443871 hasConceptScore W2020443871C33923547 @default.
- W2020443871 hasConceptScore W2020443871C39389867 @default.
- W2020443871 hasConceptScore W2020443871C41008148 @default.