Managerial discretion and corporate governance in publicly traded firms : evidence from the property-liability insurance industry
Objetos digitales
| Tag | 1 | 2 | Valor |
|---|---|---|---|
| LDR | 00000cab a2200000 4500 | ||
| 001 | MAP20110056469 | ||
| 003 | MAP | ||
| 005 | 20110929130900.0 | ||
| 008 | 110926e20110901esp|||p |0|||b|spa d | ||
| 040 | $aMAP$bspa$dMAP | ||
| 084 | $a20 | ||
| 100 | $0MAPA20110025632$aMiller, Steve M. | ||
| 245 | 0 | 0 | $aManagerial discretion and corporate governance in publicly traded firms$b: evidence from the property-liability insurance industry $cSteve M. Miller |
| 520 | $aWe study the incremental impact of corporate governance in mitigating managerial discretion, controlling for incentive alignment of managerial ownership. We extend the managerial discretion hypothesis to predict that for firms with the same set of governance tools, those that utilize governance tools more stringently to control agency costs will command greater contracting cost advantages, leading them to specialize in business with greater managerial discretion. Using 72 publicly traded insurers from 1994 to 2006, we find evidence supporting our hypothesis. Our findings complement the finance literature that focuses on the role of financing policies in mitigating agency costs of managerial discretion. | ||
| 650 | 1 | $0MAPA20080586294$aMercado de seguros | |
| 650 | 1 | $0MAPA20080590567$aEmpresas de seguros | |
| 650 | 1 | $0MAPA20080624934$aSeguro de daños patrimoniales | |
| 650 | 1 | $0MAPA20080596880$aGobierno corporativo | |
| 650 | 1 | $0MAPA20080599225$aSociedades cotizadas | |
| 650 | 1 | $0MAPA20080586317$aMercado de valores | |
| 650 | 1 | $0MAPA20080554774$aIncentivos | |
| 650 | 1 | $0MAPA20080605742$aDirectivos de empresas | |
| 773 | 0 | $wMAP20077000727$tThe Journal of risk and insurance$dNueva York : The American Risk and Insurance Association, 1964-$x0022-4367$g01/09/2011 Tomo 78 Número 3 - 2011 , p. 731-760 | |
| 856 | $qapplication/pdf$w1066805$yRecurso electrónico / electronic resource |