Semantic Scholar Open Access 1997 1566 sitasi

Leadership Structure: Separating the CEO and Chairman of the Board

James A. Brickley J. Coles G. Jarrell

Lihat Sumber DOI

Abstrak

Shareholder activists and regulators are pressuring U.S. firms to separate the titles of CEO and Chairman of the Board. They argue that separating the titles will reduce agency costs in corporations and improve performance. The existing empirical evidence appears to support this view. We argue that this separation has potential costs, as well as potential benefits. In contrast to most of the previous empirical work, our evidence suggests that the costs of separation are larger than the benefits for most large firms.

Topik & Kata Kunci

Business

Penulis (3)

James A. Brickley

J. Coles

G. Jarrell

Format Sitasi

APA MLA BibTeX

Brickley, J.A., Coles, J., Jarrell, G. (1997). Leadership Structure: Separating the CEO and Chairman of the Board. https://doi.org/10.1016/S0929-1199(96)00013-2

Akses Cepat

Lihat di Sumber doi.org/10.1016/S0929-1199(96)00013-2

Informasi Jurnal

Tahun Terbit: 1997
Bahasa: en
Total Sitasi: 1566×
Sumber Database: Semantic Scholar
DOI: 10.1016/S0929-1199(96)00013-2
Akses: Open Access ✓