東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

Board of directors : The role of net...

Ravanel, Mathilde.

Linked to FindBook

Google Book

Amazon

博客來

Board of directors : The role of networks.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Board of directors : The role of networks./
Author:	Ravanel, Mathilde.
Description:	126 p.
Notes:	Source: Dissertation Abstracts International, Volume: 76-01(E), Section: A.
Contained By:	Dissertation Abstracts International76-01A(E).
Subject:	Economics. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3633885
ISBN:	9781321140255

Board of directors : The role of networks.
Ravanel, Mathilde.

Board of directors : The role of networks. - 126 p.

Source: Dissertation Abstracts International, Volume: 76-01(E), Section: A.

Thesis (Ph.D.)--Georgetown University, 2014.

This item must not be sold to any third party vendors.

Board composition and role in corporate governance have been under close scrutiny both in the academic and "civil" worlds. Independence has been advocated as a way to reinforce the board's power over the managers. However, the empirical literature does not find convincing results to support this view. The first chapter of this dissertation offers a survey of these results and of two other strands of the literature that could be used to explain conflicting results. On the one hand, it presents findings on how social connections can affect corporate governance. On the other hand, it outlines the main results of information aggregation and conformity effects in committees. The object of this dissertation is to study how these play a part on boards and more specifically how they affect a CEO's election. Indeed, people commonly think that CEOs get appointed not only because of their talent or ability but also because of their social connections.

ISBN: 9781321140255Subjects--Topical Terms:

517137
Economics.

Board of directors : The role of networks.
LDR:02969nmm a2200337 4500 001 2061370
005 20150930092159.5
008 170521s2014 ||||||||||||||||| ||eng d
020 $a 9781321140255
035 $a (MiAaPQ)AAI3633885
035 $a AAI3633885
040 $a MiAaPQ $c MiAaPQ
100 1 $a Ravanel, Mathilde. $3 3175626
245 1 0 $a Board of directors : The role of networks.
300 $a 126 p.
500 $a Source: Dissertation Abstracts International, Volume: 76-01(E), Section: A.
500 $a Adviser: Luca Flabbi.
502 $a Thesis (Ph.D.)--Georgetown University, 2014.
506 $a This item must not be sold to any third party vendors.
520 $a Board composition and role in corporate governance have been under close scrutiny both in the academic and "civil" worlds. Independence has been advocated as a way to reinforce the board's power over the managers. However, the empirical literature does not find convincing results to support this view. The first chapter of this dissertation offers a survey of these results and of two other strands of the literature that could be used to explain conflicting results. On the one hand, it presents findings on how social connections can affect corporate governance. On the other hand, it outlines the main results of information aggregation and conformity effects in committees. The object of this dissertation is to study how these play a part on boards and more specifically how they affect a CEO's election. Indeed, people commonly think that CEOs get appointed not only because of their talent or ability but also because of their social connections.
520 $a The second chapter explores this intuition from a theoretical perspective, using a static Bayesian game. Directors want to elect the best candidate but they also want to vote for the winner. In that context, results show that, when no candidate is part of the network, boards with a network perform better in electing the right candidate. On the other hand, it becomes detrimental for stockholders if one candidate is part of the network. The network has power over the results of the election and limits the power of the future CEO.
520 $a The third chapter explores the role of network in the election process from an empirical perspective using a unique database FIBEN of over 12000 firms, built at the Banque de France, and alumni directories for the three most prestigious Grandes Ecoles in France (HEC, Polytechnique and ENA). Results show that indeed, alumni tend to favor their peers in the voting process but also that there is rivalry between the three Ecoles. This last finding is original and supports the idea of a network effect.
590 $a School code: 0076.
650 4 $a Economics. $3 517137
650 4 $a Finance. $3 542899
650 4 $a Organizational behavior. $3 516683
650 4 $a Occupational psychology. $3 2122852
690 $a 0501
690 $a 0508
690 $a 0703
690 $a 0624
710 2 $a Georgetown University. $b Economics. $3 1065101
773 0 $t Dissertation Abstracts International $g 76-01A(E).
790 $a 0076
791 $a Ph.D.
792 $a 2014
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3633885