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
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.