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Corporate Boards and Incentives: Empirical Evidence from the UK in 1935

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Corporate Boards and Incentives: Empirical Evidence from the UK in 1935. / Conyon, Martin; Pitts, M; Sadler, G.
In: Corporate Ownership and Control, Vol. 1, 2003, p. 129-138.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

Harvard

Conyon, M, Pitts, M & Sadler, G 2003, 'Corporate Boards and Incentives: Empirical Evidence from the UK in 1935', Corporate Ownership and Control, vol. 1, pp. 129-138.

APA

Conyon, M., Pitts, M., & Sadler, G. (2003). Corporate Boards and Incentives: Empirical Evidence from the UK in 1935. Corporate Ownership and Control, 1, 129-138.

Vancouver

Conyon M, Pitts M, Sadler G. Corporate Boards and Incentives: Empirical Evidence from the UK in 1935. Corporate Ownership and Control. 2003;1:129-138.

Author

Conyon, Martin ; Pitts, M ; Sadler, G. / Corporate Boards and Incentives: Empirical Evidence from the UK in 1935. In: Corporate Ownership and Control. 2003 ; Vol. 1. pp. 129-138.

Bibtex

@article{8ac7a761a39b4c36abd49c70025d3bd6,
title = "Corporate Boards and Incentives: Empirical Evidence from the UK in 1935",
abstract = "We investigate boardroom governance using UK historical data for 1935. We demonstrate that there is a negative relationship between risk and incentives in this year. Prior research has produced anomalous results (Prendergast, 2002). Second, we show that average (median) board ownership of ordinary shares is about 7.95% (2.88%). Heuristically this figure is less than previously reported estimates for the US also using 1935 data. Finally, we show the phenomenon of multiple board membership. UK directors in 1935 hold many directorships – sometimes exceeding 10 concurrent memberships.",
author = "Martin Conyon and M Pitts and G Sadler",
year = "2003",
language = "English",
volume = "1",
pages = "129--138",
journal = "Corporate Ownership and Control",
issn = "1727-9232",
publisher = "Virtus Interpress",

}

RIS

TY - JOUR

T1 - Corporate Boards and Incentives: Empirical Evidence from the UK in 1935

AU - Conyon, Martin

AU - Pitts, M

AU - Sadler, G

PY - 2003

Y1 - 2003

N2 - We investigate boardroom governance using UK historical data for 1935. We demonstrate that there is a negative relationship between risk and incentives in this year. Prior research has produced anomalous results (Prendergast, 2002). Second, we show that average (median) board ownership of ordinary shares is about 7.95% (2.88%). Heuristically this figure is less than previously reported estimates for the US also using 1935 data. Finally, we show the phenomenon of multiple board membership. UK directors in 1935 hold many directorships – sometimes exceeding 10 concurrent memberships.

AB - We investigate boardroom governance using UK historical data for 1935. We demonstrate that there is a negative relationship between risk and incentives in this year. Prior research has produced anomalous results (Prendergast, 2002). Second, we show that average (median) board ownership of ordinary shares is about 7.95% (2.88%). Heuristically this figure is less than previously reported estimates for the US also using 1935 data. Finally, we show the phenomenon of multiple board membership. UK directors in 1935 hold many directorships – sometimes exceeding 10 concurrent memberships.

M3 - Journal article

VL - 1

SP - 129

EP - 138

JO - Corporate Ownership and Control

JF - Corporate Ownership and Control

SN - 1727-9232

ER -