Corporate director liability and monitoring preferences

Eichenseher, John W.; Shields, David

doi:10.1016/0278-4254(85)90010-9

Cited by 120 publications

(81 citation statements)

References 4 publications

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“…Eichenseher and Shields (1985) find similar results for their sample of 64 American Stock Exchange firms. 6 These papers suggest that audit committees do not deal effectively with the firm's agency problems.…”

Section: Relation To Existing Literaturesupporting

confidence: 71%

Causes and Consequences of Variations in Audit Committee Composition

Klein

2000

SSRN Journal

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Section: Relation To Existing Literaturesupporting

confidence: 71%

Causes and Consequences of Variations in Audit Committee Composition

Klein

2000

SSRN Journal

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“…Research by Eichenseher and Shields (1985); Menon and Williams (1994) found a weak association between the size of the audit committee and company performance. However, Aldamen et al (2012) examination of the effect of audit committee characteristics on performance during the financial crisis concluded that smaller committees with more experience and financial expertise were positively and significantly associated with company performance in the market.…”

Section: Audit Committee Sizementioning

confidence: 98%

Audit Committee Effectiveness and Company Performance: Evidence from Jordan

Alqatamin¹

2018

AFR

121

106

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This paper seeks to investigate the effect of audit committee characteristics on the company's performance. The sample consists of 165 non-financial companies listed on the Amman Stock Exchange (ASE) over the period [2014][2015][2016]. The results of the study show that the audit committee size, independence and gender diversity have a significant positive relationship with firm's performance, whereas experience and frequency of meetings has an insignificant association. The results of the study could be beneficial for managers and boards in making suitable choices about audit committee characteristics and corporate governance mechanisms to enhance the company's performance. The study gives policy makers a better understanding of the different characteristics required of an audit committee, for incorporation in future policy preparation to protect the shareholders' interests. The relationship between audit committee characteristics and company performance is still ambiguous. This study contributes to the literature by identifying the role of audit committee characteristics in company performance, providing evidence for the view that performance is driven by specific audit committee characteristics.

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“…At the same time, from the economic tradition, the content of reputation has also been broadened, going from partial defi nitions, such as the inclination towards certain types of conduct or the quality of behavior towards a specifi c stakeholder ( Nelson, 1970 ;Milgrom and Roberts, 1986 ;Wilson, 1983 ;De Angelo, 1981 ;Eichenseher and Shields, 1985 ;Dranove, 1983 ;Rogerson, 1983 ;Beatty and Ritter, 1986 ), to a CR for the fulfi llment of every stakeholder ' s expectations ( Wartick, 1992 ;Fombrun, 2002 ;Waddock, 2000 ;Sandberg, 2002 ). Moreover, this theoretical concurrence has been accompanied by an empirical convergence that even leads researchers to use the same databases, although with nominally distinct interpretations of results.…”

Section: The Convergence Of the Empirical Researchmentioning

confidence: 99%

“…The process of constructing a reputation, and its subsequent use as a signal to forecast the potential behavior of agents, has been widely analyzed within Information Theory and Games Theory. Much of the work was focused on predatory practices by fi rms facing the entry of new competitors into the sector ( Kreps and Wilson, 1982 ;Milgrom and Roberts, 1982 ) and on reputation for the quality of products ( Nelson, 1970 ;Milgrom and Roberts, 1986 ) and services ( Wilson, 1983 ;De Angelo, 1981 ;Eichenseher and Shields, 1985 ;Dranove, 1983 ;Rogerson, 1983 ;Beatty and Ritter, 1986 ).…”

Section: The Economic Perspective: the Information Content Of Crmentioning

confidence: 99%