摘要
This paper tries to find out whether some individual concerns will affect the behaviors of independent directors, specifically voting against proposals during the board meeting.We analyze career concern,compensation concern,reputation concern and term concern.The results show that individual director with longer career horizon,who is better compensated,with less board seats in other firms,and whose term is earlier than that of the board chairman is more likely to dissent.
This paper tries to find out whether some individual concerns will affect the behaviors of independent directors, specifically voting against proposals during the board meeting.We analyze career concern,compensation concern,reputation concern and term concern.The results show that individual director with longer career horizon,who is better compensated,with less board seats in other firms,and whose term is earlier than that of the board chairman is more likely to dissent.
出处
《学术界》
CSSCI
北大核心
2018年第4期265-273,共9页
Academics
关键词
主任
行为
董事会
地平线
事业
independent directors
director dissention
individual concerns
