000 01305naa a2200193uu 4500
001 8082217062710
003 OSt
005 20190211164215.0
008 080822s2008 xx ||||gr |0|| 0 eng d
100 1 _aDEUTSCH, Yuval
_935437
245 1 0 _aDecision making in acquisitions :
_bthe effect of outside director's compensation on acquisition patterns
260 _aLondon, UK :
_bSage Publications,
_cFebruary 2007
520 3 _aThis article examines how the compensation paid for outside directors affects firms’ acquisition behavior. Using panel data of Standard & Poor’s 1500 firms between 1996 and 2002, the authors find that stock and stock option pay for outside directors are related in an inverted U-shaped manner to a firm’s acquisition rate and that for stock options, this relationship is moderated by board composition. Their findings suggest a dual agency model of corporate governance, according to which not only executives’ incentives but also outside directors’ incentives should be aligned with the shareholder value creation
700 1 _aKEIL, Thomas
_935438
700 1 _aLAAMANEN, Tomi
_935439
773 0 8 _tJournal of Management : J.O.M
_g33, 1, p. 30-56
_dLondon, UK : Sage Publications, February 2007
_xISSN 01492063
_w
942 _cS
998 _a20080822
_b1706^b
_cTiago
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c27348
_d27348
041 _aeng