References (1): focus on debt / credit rating



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References (1): focus on debt / credit rating

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Ashbaugh-Skaife, H., Collins, D., & LaFond, R. 2006. The effects of corporate governance on firms’ credit ratings. Journal of Accounting and Economics, 42: 203-243.

Bates, T. W., Lemmon, M. L., & Linck, J. S. 2006. Shareholder wealth effects and bid negotiation in freeze-out deals: Are minority shareholders left out in the cold? Journal of Financial and Economics, 81(3): 681-708.

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_______. 2002b. The benefits and costs of group affiliation: Evidence from East Asia. Discussion Paper No.3364, Center for Economic Policy Research.

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____. 2002. Audit committee, board of director characteristics, and earnings management. Journal of Accounting and Economics, 33: 375-400.

La Porta, R., Lopez-de-Silanes, F., Shleifer, A. & Vishny, A. 2002. Investor protection and corporate valuation. Journal of Finance, 57: 1147-1170.

Lasfer, A. M. 2006. The interrelationship between managerial ownership and board structure. Journal of Business Finance and Accounting, 33 (7) & (8): 1006-1033.



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Oviatt, B. M. 1988. Agency and transaction cost perspectives on the manager-shareholder relationship, incentives for congruent interests. Academy of Management Review, 13: 214-225.

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References (2): focus on compensation

Abdullah, S. N. 2006. Directors’ remuneration, firm’s performance and corporate governance in Malaysia among distressed companies. Corporate Governance 6 (2), 162-174.

Ahmed, A., Duellman, S. 2007., 2007. Accounting conservatism and board of director characteristics: An empirical analysis. Journal of Accounting and Economics 43, 411-437.

Almazan, A., Hartzell, J. C., Starks, L. T., 2005. Active Institutional Shareholders and Costs of Monitoring: Evidence from Executive Compensation. Financial Management 34 (4), 5-34.

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Barrock, L. 2002. Big money: when directors earns but not shareholders. The Edge, January 15, available at:www.theedgedaily.com/article.cfm?id=10035

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Bhagat, S., Black, B., 2002.The non-correlation between board independence and long-term firm performance. Journal of Corporation Law 27 (2), 231-273.

Bhojraj, S., and P. Sengupta. 2003. Effect of corporate governance on bond ratings and yields: the role of institutional investors and the outside directors. The Journal of Business 76: 455-475.

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Coles J. L., Daniel, N. D., Naveen, L., 2007. Boards: Does one size fit all? Journal of Financial Economics. (forthcoming)

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Cotter, J., Shivdasani, A., Zenner, M., 1997. Do outside directors enhance target shareholder wealth during tender offer contests? Journal of Financial Economics 43, 195-218.

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