Board meeting frequency and firm performance

Article Abstract:

The correlation between the incidence of board meetings and corporate performance is examined by analyzing the records of 307 firms from 1990-1994. It is discovered that the frequency of board meetings is negatively correlated to firm value. This condition may result from the fact that external ownership can take the place of board monitoring actions and that efficient coordination among directors can be attained when boards are smaller in number. The findings are applicable for firms which were exhibited poor performance previously and also for firms which did not institute corporate control measures.

Corporate directors, Agency theory

---

The cash flow and informational effects of employee stock ownership plans

Article Abstract:

The various advantages provided by Employee Stock Ownership Plans (ESOPs) and the stock market's response to ESOPs were examined. Legislation on ESOPs were promulgated in 1974 and were intended as retirement plans. ESOPS were given tax savings to serve as incentives, incentives which other retirement plans do not have. It was concluded that ESOPs have a positive effect on stock prices. Investors anticipate that cash flows will increase due to tax savings and that the chances for takeovers will be reduced because of ESOP pronouncements.

Taxation, Tax deductions, Employee benefits, Employee stock ownership plans

---

Deregulation and the adaptation of governance structure: the case of the U.S. airline industry

Article Abstract:

The evolution of governance structure in the US airline industry during a period of 22 years surrounding the Airline Deregulation Act of 1978 was examined. In particular, ownership concentration, compensation policy and board composition were evaluated. The results of the study showed that equity ownership became concentrated, CEO salaries increased, stock option grants to CEO also increased and board size decreased after the implementation of deregulation. However, the adaptation process that took place in the industry was gradual.

Scheduled Airlines, Scheduled Air Transportation, Air Transportation, Scheduled, And Air Courier Services, Regulation and Administration of Transportation Programs, Airline Mergers & Antitrust, Management, Airlines, Antitrust law, Deregulation

Similar abstracts:

• Abstracts: Theories of competition and market performance: multimarket competition and the source of potential entry. Multimarket competition: theory and evidence
• Abstracts: Theories of competition and market performance: multimarket competition and the source of potential entry. part 2
• Abstracts: Empirical modelling of money demand in periods of structural change: the case of Greece. Exogeneity in vector error correction models with purely exogenous long-run paths
• Abstracts: Consumer rationality and credit card pricing: an explanation based on the option value of credit lines. Pricing training and development programs using stochastic CVP analysis
• Abstracts: Competitive repertoire simplicity and firm performance: the moderating role of top management team heterogeneity

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