Is information on boards useful for investors' appraisal of firms' value?

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dc.creator Deschenes, Sebastien
dc.creator Rojas, Miguel
dc.creator Morris, Tania
dc.date.accessioned 2014-02-11T19:52:50Z
dc.date.available 2014-02-11T19:52:50Z
dc.date.issued 2012
dc.identifier http://library2.smu.ca/bitstream/handle/01/25402/asb_proceedings_2012.pdf#page=40
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/25669
dc.description.abstract This article examines if investors rely on certain information about board characteristics appearing in circulars, to appraise a firm’s market value. The board traits considered in the study are independence, size, ratio of equity remuneration to total director remuneration, board ownership and director tenure. Our results show that the ratio of equity remuneration to total remuneration and director tenure are positively connected with firm market capitalization. Director ownership, however, appears to be negatively correlated with firm valuation. en_CA
dc.description.provenance Submitted by Trish Grelot (trish.grelot@smu.ca) on 2014-02-11T19:52:50Z No. of bitstreams: 0 en
dc.description.provenance Made available in DSpace on 2014-02-11T19:52:50Z (GMT). No. of bitstreams: 0 Previous issue date: 2012-04 en
dc.language.iso en en_CA
dc.publisher Atlantic Schools of Business en_CA
dc.subject.lcsh Boards of directors
dc.subject.lcsh Stockholders -- Attitudes
dc.subject.lcsh Corporations -- Valuation
dc.title Is information on boards useful for investors' appraisal of firms' value? en_CA
dc.type Text en_CA
dcterms.bibliographicCitation Proceedings of the 42nd Atlantic Schools of Business conference, Dalhousie University, 2012, pp 37-49
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