An Examination of Board Stability and the Long-Term Performance of Initial Public Offerings

We study the long-term stock performance of initial public offerings (IPOs). We examine how past performance affects the board of directors' stability and how changes in boards affect subsequent performance. We introduce a dynamic, scale invariant stability metric to measure such changes. Our r...

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Veröffentlicht in:	Financial management 2002-10, Vol.31 (3), p.63-90
Hauptverfasser:	Crutchley, Claire E., Garner, Jacqueline L., Marshall, Beverly B.
Format:	Artikel
Sprache:	eng
Schlagworte:	Analysis Boards of directors Business structures Capitalism Capitalization Chief executive officers Corporate directors Data collection Evaluation Financial performance Going public (Securities) Impact analysis Initial public offerings Organization theory Outside directors Regression analysis Shareholders Stockholders Stocks Studies Turnover Zero
Online-Zugang:	Volltext
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