More Resources

Employment capital, board control, and the problem of misleading disclosures *.


by Donoher, William J.^Reed, Richard
Journal of Managerial Issues • Fall, 2007 •

Carpenter, M. A. and W. G. Sanders. 2002. "Top Management Team Compensation: The Missing Link between CEO Pay and Firm Performance?" Strategic Management Journal 23: 367-375.

Clancy, K. J. and P. C. Krieg. 2001. "Surviving Death Wish Research." Marketing Research 13 (4): 8-12.

Cohen, J. and P. Cohen. 1983. Applied Multiple Regression/Correlation Analysis for the Behavioral Sciences (2nd ed.). Hillsdale, NJ: Lawrence Erlbaum Associates.

Daily, C. M. and D. R. Dalton. 1995. "CEO and Director Turnover in Failing Firms: An Illusion of Change?" Strategic Management Journal 16: 393-400.

--and C. Schwenk. 1996. "Chief Executive Officers, Top Management Teams, and Boards of Directors: Congruent or Countervailing Forces?" Journal of Management 22: 185-208.

Deutsch, Y. 2005. "The Impact of Board Composition on Firms' Critical Decisions: A Meta-analytic Review." Journal of Management 31: 424-444.

Diamond, D. W. 1993. "Seniority and Maturity of Debt Contracts." Journal of Financial Economics 33: 341-368.

Dunn, P. 2004. "The Impact of Insider Power on Fraudulent Financial Reporting." Journal of Management 30: 397-412.

Eisenhardt, K. 1989. "Agency Theory: An Assessment and Review." Academy of Management Review 14: 57-74.

Fama, E. F. 1980. "Agency Problems and the Theory of the Firm." The Journal of Political Economy 88: 288-307.

--and M. C. Jensen. 1983. "Separation of Ownership and Control." Journal of Law and Economics 26: 301-325.

Finkelstein, S. and D. C. Hambrick. 1989. "Chief Executive Compensation: A Study of the Intersection of Markets and Political Processes." Strategic Management Journal 10: 121-134.

Fiske, S. T. and S. E. Taylor. 1991. Social Cognition (2nd ed.). New York, NY: McGraw-Hill.

Gilson, S. C. 1990. "Bankruptcy, Boards, Banks, and Blockholders." Journal of Financial Economics 27: 355-387.

--. 1989. "Management Turnover and Financial Distress." Journal of Financial Economics 25: 241-262.

Golden, B. R. and E. J. Zajac. 2001. "When will Boards Influence Strategy? Inclination x Power = Strategic Change." Strategic Management Journal 22: 1087-1111.

Ho, J. T. S. 1997. "Corporate Wellness Programs in Singapore: Effect on Stress, Satisfaction and Absenteeism." Journal of Managerial Psychology 12: 177-189.

Hoskisson, R. E., R. A. Johnson and D. D. Moesel. 1994. "Corporate Divestiture Intensity in Restructuring Firms: Effects of Governance, Strategy, and Performance." Academy of Management Journal 37: 1207-1251.

Jaccard, J., R. Turrisi and C. K. Wan. 1990. Interaction Effects in Multiple Regression. Newbury Park, CA: Sage Publications.

Jensen, M. C. and W. H. Meckling. 1976. "Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure." Journal of Financial Economics 3: 305-360.

Johnson, J. L., C. M. Daily and A. E. Ellstrand. 1996. "Boards of Directors: A Review and Research Agenda." Journal of Management 22: 409-438.

Johnson, R. A., R. E. Hoskisson and M. A. Hitt. 1993. "Board of Director Involvement in Restructuring: The Effects of Board versus Managerial Controls and Characteristics." Strategic Management Journal 14 (Summer Special Issue): 33-50.

Kahneman, D. and A. Tversky. 1979. "Prospect Theory: An Analysis of Decision under Risk." Econometrica 47: 263-291.

Lakonishok, J., A. Shleifer and R. W. Vishny. 1994. "Contrarian Investment, Extrapolation, and Risk." Journal of Finance 49: 1541-1578.

La Porta, R. 1996. "Expectations and the Cross-section of Stock Returns." Journal of Finance 51: 1715-1742.

Latham, C. K. and F. A. Jacobs. 2000. "Monitoring and Incentive Factors Influencing Misleading Disclosures." Journal of Managerial Issues 12 (2): 169-187.

Lee, P. M. and H. M. O'Neill. 2003. "Ownership Structures and R&D Investments of U.S. and Japanese Firms: Agency and Stewardship Perspectives." Academy of Management Journal 46: 212-225.

Mahoney, J. M., C. Sundaramurthy and J. T. Mahoney. 1997. "The Effects of Corporate Antitakeover Provisions on Long-term Investment: Empirical Evidence." Managerial and Decision Economics 18: 349-364.

March, J. G. and Z. Shapira. 1987. "Managerial Perspectives on Risk and Risk Taking." Management Science 33: 1404-1418.

McConnell, J. J. and H. Servaes. 1990. "Additional Evidence on Equity Ownership and Corporate Value." Journal of Financial Economics 27: 595-612.

McWilliams, V. B. 1990. "Managerial Share Ownership and the Stock Price Effects of Antitakeover Amendment Proposals." Journal of Finance 45: 1627-1640.

Morck, R., A. Shleifer and R. W. Vishny. 1988. "Alternative Mechanisms for Corporate Control." American Economic Review 79: 842-852.

Morse, G. 2002. "Imbalance of Power." Harvard Business Review 80 (7): 22-23.

Ocasio, W. 1994. "Political Dynamics and the Circulation of Power: CEO Succession in U.S. Industrial Corporations, 1960-1990." Administrative Science Quarterly 39: 285-312.

Pearce, J. A., II and S. A. Zahra. 1991. "The Relative Power of CEOs and Boards of Directors: Associations with Corporate Performance." Strategic Management Journal 12: 135-153.

Pollock, T. G., H. M. Fischer and J. B. Wade. 2002. "The Role of Power and Politics in the Repricing of Executive Options." Academy of Management Journal 45: 1172-1182.

Reed, R., W. J. Donoher and S. F. Barnes. 2004. "Predicting Misleading Disclosures: The Effects of Control, Pressure, and Compensation." Journal of Managerial Issues 16 (3): 322-336.

Rossier, R. N. 2002. "Pressured to Perform: Flying for the Wrong Reasons." Business and Commercial Aviation 90 (6) : 62-69.

St. Pierre, K. and J. A. Anderson. 1984. "An Analysis of Factors Associated with Lawsuits Against Public Accountants." The Accounting Review 59 (6): 242-263.

Shah, A. K. 1997. "Regulatory Arbitrage through Financial Innovation." Accounting, Auditing and Accountability Journal 10: 85.

Shen, W. and A. A. Cannella. 2002. "Power Dynamics within Top Management and Their Impacts on CEO Dismissal Followed by Inside Succession." Academy of Management Journal 45:1195-1206.

Singh, J. 1986. "Performance, Slack and Risk Taking in Organizational Decision Making." Academy of Management Journal 29: 562-585.

Sochocki, L. 2000. "Financially Driven Forecasts in the Disk-drive Industry." The Journal of Business Forecasting Methods and Systems 18 (4): 15-20.

Stice, J. D. 1991. "Using Financial and Market Information to Identify Pre-engagement Factors Associated with Lawsuits Against Auditors." The Accounting Review 66: 516-533.

Sundaramurthy, C., J. M. Mahoney and J. T. Mahoney. 1997. "Board Structure, Antitakeover Provisions, and Stockholder Wealth." Strategic Management Journal 18: 231-246.

Thompson, C. 1999. "Ready or not...." The Internal Auditor 56 (6): 70-71.

Wade, J. B., C. A. O'Reilly and I. Chandratat. 1990. "Golden Parachutes: CEOs and the Exercise of Social Influence." Administrative Science Quarterly 35: 587-603.

Walsh, J. P. and J. K. Seward. 1990. "On the Efficiency of Internal and External Corporate Control Mechanisms." Academy of Management Review 15: 421-458.

Westphal, J. D. and J. W. Fredrickson. 2001. "Who Directs Strategic Change? Director Experience, the Selection of New CEOs, and Change in Corporate Strategy." Strategic Management Journal 22: 1113-1137.

Williams, R. J., P. A. Fadil and R. W. Armstrong. 2005. "Top Management Team Tenure and Corporate Illegal Activity: The Moderating Influence of Board Size." Journal of Managerial Issues 17 (4) : 479-493.

Zahra, S., R. L. Priem and A. A. Rasheed. 2005. "The Antecedents and Consequences of Top Management Fraud." Journal of Management 31: 803-828.

William J. Donoher

Associate Professor of Management

Missouri State University

Richard Reed

Professor of Management and Operations


1  2  3  4  5  6  
COPYRIGHT 2007 Pittsburg State University - Department of Economics Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
NOTE: All illustrations and photos have been removed from this article.


Browse by Journal Name:
Today on Entrepreneur
Related Video

e-Business & Technology
Franchise News
Business Book Sampler
Starting a Business
Sales & Marketing
Growing a Business
E-mail*:
Zip Code*: