Governance and firm value
This paper examines the relationship between the firm's governance structure and its value during different economic conditions. We show that both relative industry turnover and CEO entrenchment increase during economic downturns. We also find that relative industry turnover and managerial entr...
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| Format: | article |
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2016
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| Online Access: | http://hdl.handle.net/10725/4856 http://dx.doi.org/10.1016/j.ribaf.2016.01.013 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://www.sciencedirect.com/science/article/pii/S0275531916300137 |
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