The shareholder wealth effects of an executive joining another company's board
Using a sample of 134 announcements of an executive joining the board of another company from 1985 through 1997, we find a negative announcement date stock response of about one-half of one percent for the home firm. Our initial regression analysis shows that the prior performance of the home firm,...
| Main Authors: | , , |
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| Format: | Working Paper |
| Published: |
School of Economics and Finance, Curtin Business School
2008
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| Online Access: | http://hdl.handle.net/20.500.11937/35382 |