Stakeholder representation on the boards of Australian initial public offerings

Dimovski, William and Brooks, Robert 2004, Stakeholder representation on the boards of Australian initial public offerings, Applied financial economics, vol. 14, no. 17, pp. 1233-1238.

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Title Stakeholder representation on the boards of Australian initial public offerings
Author(s) Dimovski, William
Brooks, Robert
Journal name Applied financial economics
Volume number 14
Issue number 17
Start page 1233
End page 1238
Publisher Routledge
Place of publication London, England
Publication date 2004-11
ISSN 0960-3107
1466-4305
Summary This paper analyses the board composition of Australian initial public offerings (IPOs) over the period 1994 to 1997. The recent management literature identifies a wide range of stakeholders beyond the traditional shareholders. Evan and Freeman, and Jones and Goldberg suggest that the importance of stakeholders should be reflected in board representation. Luoma and Goodstein provide evidence of increased stakeholder representation on the boards of American companies. This paper studies Australian IPOs and finds that this is not the case. This suggests that capital raising by new lists in the Australian equity market does not require stakeholder representation on the board.
Notes Online Publication Date: 15 November 2004
Language eng
Field of Research 150201 Finance
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2004, Taylor & Francis
Persistent URL http://hdl.handle.net/10536/DRO/DU:30002341

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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