Board Changes and the Director Labor Market: The Case of Mergers

Simple item page
dc.contributor.authorBecher, David A.
dc.contributor.authorWalkling, Ralph A.
dc.contributor.authorWilson, Jared I.
dc.contributor.departmentKelley School of Businessen_US
dc.date.accessioned2017-03-31T20:06:56Z
dc.date.available2017-03-31T20:06:56Z
dc.date.issued2017-02
dc.description.abstractWe provide benchmarks for board changes over time and in response to the evolution of firm structure. Boards are more stable in the modern era. At the same time, shifts made around mergers are substantial and significantly different than those at non-merging firms. Changes to acquiring boards reflect firm needs, increased demand for executive and merger experience and bargaining between targets and acquirers, rather than agency motives. Conversely, director selection at non-merging firms is driven by general skills and diversity. Our analyses provide insight into the dynamic nature of board structure and characteristics demanded in the director labor market.en_US
dc.eprint.versionAuthor's manuscripten_US
dc.identifier.citationBecher, David A. and Walkling, Ralph A. and Wilson, Jared I., Board Changes and the Director Labor Market: The Case of Mergers (March 1, 2017). European Corporate Governance Institute (ECGI) - Finance Working Paper No. 498/2017. Available at SSRN: https://ssrn.com/abstract=2625798 or http://dx.doi.org/10.2139/ssrn.2625798en_US
dc.identifier.urihttps://hdl.handle.net/1805/12176
dc.language.isoenen_US
dc.publisherECGIen_US
dc.relation.isversionof10.2139/ssrn.2625798en_US
dc.relation.journalEuropean Corporate Governance Institute (ECGI) - Finance Working Paperen_US
dc.rightsPublisher Policyen_US
dc.sourceAuthoren_US
dc.subjectmergers and acquisitionsen_US
dc.subjectboards of directorsen_US
dc.subjectdirector labor marketen_US
dc.titleBoard Changes and the Director Labor Market: The Case of Mergersen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Becher_2016_board.pdf
Size:
271.16 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.88 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Open Access Policy Articles
Kelley School of Business (Indianapolis) Works