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CEO Compensation and Returns to Public and Private Acquisitions: Testing the Shareholder Value Hypothesis (view source)
Revision as of 17:53, 13 February 2021
, 17:53, 13 February 2021→Old Governance Measures
agovmajvoterequirement - 0/1 for whether board members are elected on majority or plurality, which matters for uncontested seats (many missing)
agovresignrequiredonmajorityvote - 0/1 "Indicates that a director is required to submit his/her resignation upon failing to receive support from a majority of votes cast (which, typically, the board may chose to accept or reject)." (many missing)
I tried each of them in a FE panel regression of the type found in table 3, like:
areg tdc116l car5totpub car5totpriv agovresignrequiredonmajorityvote i.year, absorb(ceofirmid) cluster(ceofirmid)
In each case, the sample dropped to ~2k (from 41k), and there was no significance for ANY variable.
=====Reference Papers and their data=====
