On studying managerial elites

Article Abstract:

Existing literature on managerial elites is examined and future directions for research in this area are suggested. Managerial elites are comprised of people in strategic positions of authority in both public and private organizations, suchas the chief executive officer, the chairman and directors of a firm. Three streams of research are analyzed, including studies on interlocking directorates and institutional and societal power; on boards and directors; andon the composition of executive teams. The first and the third tradition evincemore intellectual coherence and empirical support than the second. The review reveals that all approaches suffer from a distant perspective of managerial elites and the processes and issues that involve them. Thus, a process perspective of research in this field is recommended to supplement the existingliterature.

Social aspects, Corporate officers

---

Governance patterns in bankruptcy reorganizations

Article Abstract:

Previous studies investigating the role of audit committees and institutional investors in monitoring and assessing a firm's financial stability are extended by examining the relationship of these two monitoring bodies to the form and incidence of bankruptcy reorganizations. The study focuses specifically on the impact of the institutional investor holdings and audit committee composition on the trends in prepackaged plans and length of time spent in reorganization during the five-year period before bankruptcy is filed. Findings suggest that the incidence of bankruptcy is not related to institutional holdings or affiliated director representation on audit committees. However, these two monitoring groups are found to have an impact on the nature of bankruptcy reorganization filing.

Institutional investments, Audit committees, Bankruptcy reorganizations, Bankruptcy reorganization

---

Takeover defenses, ownership structure and stock returns in the Netherlands: an empirical analysis

Article Abstract:

A study is conducted that investigates the relationship between a company's anti-takeover measures and its ownership structure and stock returns. Using a sample of 177 industrial companies in the Netherlands, it tests the hypothesis that management is more likely to adopt takeover defenses when there is no heavy ownership concentration. The hypothesis that institutional investors provide better monitoring than other blockholders is also tested. Findings indicate that there is an inverse and significant relationship between adoption of defense measures and ownership structure. Specifically, the study finds that companies with diffuse shareholdings are likely to adopt more takeover defenses. There is no evidence of any significant impact of institutional stock ownership.

Netherlands, Stockholders, Corporate anti-takeover measures, Antitakeover strategies

Similar abstracts:

• Abstracts: The evolving marketing concept, competitive intensity and organizational performance. Internal validity assessment of conjoint estimated attribute importance weights
• Abstracts: Institutional markets, financial marketing, and financial innovation
• Abstracts: Matching messages to listening styles. The role of nonverbal communications in quality improvement. Why can't managers communicate?
• Abstracts: New regulations allow more real estate corporations to become S corporations
• Abstracts: Analysis of sitting comfortability of drivers' seat by contact shape. Energy cost and physiological responses of males snowshoeing with rotating and fixed toe-cord designs in powdered snow conditions

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.