The shareholder wealth effects of an executive joining another company's board

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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,...

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Bibliographic Details
Main Authors:	Byrd, J., Martin, A., Rath, Subhrendu
Format:	Working Paper
Published:	School of Economics and Finance, Curtin Business School 2008
Online Access:	http://hdl.handle.net/20.500.11937/35382

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