Signaling Firm Value through Board Structure: An Investigation of Initial Public Offerings

By S. Certo, C. Daily, Dan R. Dalton. 2001

510 citations recorded by the source corpus.

Subfields: Accounting, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/2a7821ebf2ad87265fcae5b17f3ab07cb378acbd

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In Organizational Behavior and Human Resource Management

Citations in the corpus

Boards, CEOS, and Surviving a Financial Crisis: Evidence from the Internet Shakeout (2011, background): “These advantages are shown in studies that demonstrate that smaller boards are more likely to remove poorly performing CEOs (Certo et al., 2001) and to negotiate CEO compensation contracts that are more sensitive to performance (Boyd, 1994).”
Experience-Based Human Capital and Social Capital of Outside Directors (2009, unknown): “With this external social capital, outside directors can help the firm acquire critical resources, gain legitimacy, and initiate new business relationships vital for growth (Certo et al., 2001; Hillman & Dalziel, 2003; Pfeffer & Salancik, 1978).”
Corporate Governance and Investors' Perceptions of Foreign IPO Value: An Institutional Perspective (2014, methodology): “…using the following percentage price premium measure: ([first day closing price – book value]/first day closing price); using this measure controls for underpricing (Certo et al., 2003) and does not change our results. on the basis of indicated in the firm’s prospectus (Certo et al., 2001).”
Founders, Private Equity Investors, and Underpricing in Entrepreneurial IPOs (2009, background): “Certo et al. (2001) and Wasserman (2003) provide evidence that founder-entrepreneurs who are also the CEOs of their firms may have a strong impact on organizational outcomes, including performance.”
Trademarks and Venture Capital Valuation (2014, unknown): “29 budget information or initial sales data (Certo et al., 2001; Cohen and Dean, 2005; Connely et al., 2011; Karamanos, 2003; Sliwka, 2007).”
Signaling Corporate Strategy in IPO Communication (2008, background): “We are not aware of any study that examines these factors on initial returns after 30 days (Carter et al., 1998; Certo et al., 2001; Daily et al., 2003; Megginson & Weiss, 1991; Neck et al., 2000; Ritter, 1998).”
Strategic and institutional effects on foreign IPO performance : Examining the impact of country of origin, corporate governance, and host country effects (2012, methodology): “Two central criteria of signaling theory are: (1) signals be known in advance and be observable, and (2) they must also be costly or difficult to imitate (Spence, 1973; Ross, 1977; Certo et al., 2001).”
Effect of Liquidity, Profitability, Leverage, and Firm Size on Dividend Policy (2020, background): “Companies with unfavorable prospects will tend to sell their shares (Zhang & Wiersema, 2009; Certo et al., 2001).”