Creditor control rights and board independence
Autor(a) principal: | |
---|---|
Data de Publicação: | 2018 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://doi.org/10.1111/jofi.12692 |
Resumo: | Funding agency: European Research Council |
id |
RCAP_bcff4e12eec6039ab6c478f3137cd8ad |
---|---|
oai_identifier_str |
oai:run.unl.pt:10362/83732 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
Creditor control rights and board independenceAccountingFinanceEconomics and EconometricsFunding agency: European Research CouncilWe find that the number of independent directors on corporate boards increases by approximately 24% following financial covenant violations in credit agreements. Most of these new directors have links to creditors. Firms that appoint new directors after violations are more likely to issue new equity, and to decrease payout, operational risk, and CEO cash compensation, than firms without such appointments. We conclude that a firm's board composition, governance, and policies are shaped by current and past credit agreements.NOVA School of Business and Economics (NOVA SBE)RUNFerreira, DanielFerreira, Miguel A.Mariano, Beatriz2023-06-01T00:32:01Z2018-102018-10-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://doi.org/10.1111/jofi.12692eng0022-1082PURE: 5667344http://www.scopus.com/inward/record.url?scp=85050400216&partnerID=8YFLogxKhttps://doi.org/10.1111/jofi.12692info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:37:27Zoai:run.unl.pt:10362/83732Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:23.583129Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Creditor control rights and board independence |
title |
Creditor control rights and board independence |
spellingShingle |
Creditor control rights and board independence Ferreira, Daniel Accounting Finance Economics and Econometrics |
title_short |
Creditor control rights and board independence |
title_full |
Creditor control rights and board independence |
title_fullStr |
Creditor control rights and board independence |
title_full_unstemmed |
Creditor control rights and board independence |
title_sort |
Creditor control rights and board independence |
author |
Ferreira, Daniel |
author_facet |
Ferreira, Daniel Ferreira, Miguel A. Mariano, Beatriz |
author_role |
author |
author2 |
Ferreira, Miguel A. Mariano, Beatriz |
author2_role |
author author |
dc.contributor.none.fl_str_mv |
NOVA School of Business and Economics (NOVA SBE) RUN |
dc.contributor.author.fl_str_mv |
Ferreira, Daniel Ferreira, Miguel A. Mariano, Beatriz |
dc.subject.por.fl_str_mv |
Accounting Finance Economics and Econometrics |
topic |
Accounting Finance Economics and Econometrics |
description |
Funding agency: European Research Council |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018-10 2018-10-01T00:00:00Z 2023-06-01T00:32:01Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://doi.org/10.1111/jofi.12692 |
url |
https://doi.org/10.1111/jofi.12692 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
0022-1082 PURE: 5667344 http://www.scopus.com/inward/record.url?scp=85050400216&partnerID=8YFLogxK https://doi.org/10.1111/jofi.12692 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
_version_ |
1799137982794432512 |