Outside Director Liability (Before Enron and WorldCom)

By Bernard S. Black, Brian R. Cheffins, M. Klausner. 2003

171 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/b7dc5555ff6d88ec80dfa98a80fb4d074ee6179f

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

1. Yonca Ertimur
2. F. Ferri
3. David A. Maber
4. David F. Larcker
5. Ricardo Correa

Citations in the corpus

• Reputation Penalties for Poor Monitoring of Executive Pay: Evidence from Option Backdating (2012, background): “Other forms of penalties that directors can incur include shareholder lawsuits and SEC enforcement actions, but prior studies conclude that the related financial losses borne by outside directors are generally small, if any (Srinavasan, 2005; Black, Cheffins, and Klausner, 2006).”