The Rise of Independent Directors in the United States, 1950-2005: Of Shareholder Value and Stock Market Prices

By Jeffrey N. Gordon. 2006

321 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/28a0e82630951514e39cb0b7e7ffc54d3daf496d

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Citations in the corpus

Shareholder Wealth Maximization and Social Welfare: A Utilitarian Critique (2013, background): “Nor would anyone claim that social welfare is maximized with respect to every individual shareholder wealth maximizing decision (Gordon, 2007).”
Market-Based Corrective Actions (2010, background): “…has presumably increased over time as more directors are now independent of the firm and hence have little direct information on its operations (see Gordon 2007). activism, we are not aware of any formal estimate of the private costs borne by activists, but it is widely agreed that shareholders…”
Integration of Micro and Macro Studies in Governance Research: CEO Duality, Board Composition, and Financial Performance (2011, background): “It has been repeatedly argued that a board’s willingness and ability to responsibly monitor the enterprise is related to board members’ independence (e.g., Dalton, Hitt, Certo, & Dalton, 2008; Fogel & Geier, 2007; Gordon, 2007).”
How valuable are independent directors? Evidence from external distractions (2019, unknown): “Yet, empirical assessments of the value of independent directors are decidedly mixed, leaving the value of independent directors an important unsettled question in the literature (Bhagat and Black, 1999; Gordon, 2007; Adams et al., 2010).”
Change above the Glass Ceiling: Corporate Social Responsibility and Gender Diversity in Japanese Firms (2018, background): “…at lower levels to account for the pipeline effect (Baron, Mittman, and Newman, 1991).8 Sex segregation can also be an 7 This is different from the board of directors in the U.S., which primarily performs a monitoring function and is mostly composed of independent, outside directors (Gordon, 2007).”