A. Charitou
Boards, Ownership Structure and Involuntary Delisting from the New York Stock Exchange
Charitou, A.; Louca, C.; Vafeas, N.
Authors
C. Louca
N. Vafeas
Abstract
This study examines whether the likelihood of becoming involuntarily delisted from NYSE is associated with a firm’s board of directors and ownership characteristics. To this end we compare 161 firms that were delisted from NYSE between 1998 and 2004 to a set of industry and size-matched control firms. Consistent with our expectations, we find that the likelihood of delisting is related to a firm’s governance characteristics. Our results on the importance of the board of directors are new to this setting and add to a large body of evidence linking corporate boards and ownership characteristics to corporate performance
Citation
Charitou, A., Louca, C., & Vafeas, N. (2007). Boards, Ownership Structure and Involuntary Delisting from the New York Stock Exchange. Journal of Accounting and Public Policy, 26(2), 249-262. https://doi.org/10.1016/j.jaccpubpol.2007.02.006
Journal Article Type | Article |
---|---|
Publication Date | 2007-03 |
Deposit Date | Mar 21, 2007 |
Journal | Journal of Accounting and Public Policy |
Print ISSN | 0278-4254 |
Electronic ISSN | 1873-2070 |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 26 |
Issue | 2 |
Pages | 249-262 |
DOI | https://doi.org/10.1016/j.jaccpubpol.2007.02.006 |
Keywords | Board of directors, Delisting, NYSE. |
Public URL | https://durham-repository.worktribe.com/output/1548967 |
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