Board composition changes after an initial public offering
Dimovski, William and Brooks, Robert 2004, Board composition changes after an initial public offering, in Proceedings of the Emerging Financial Markets & Services Asia-Pacific Conference, University of Western Sydney, Sydney, N.S.W., pp. 1-14.
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Title
Board composition changes after an initial public offering
This paper follows Luoma and Goodstein (1999) who find increased stakeholder representation on the boards of U.S. companies. This study describes the changes in board composition by director type (stakeholder or shareholder) and by gender (male or female) of large Australian companies after listing. We find a substantial increase in the number of directors holding shares in the firms in which they hold their directorships and that essentially directors putting their own capital at risk is an important element in the Australian capital market. We also report a slight decrease in the proportion of female directors post listing.
ISBN
1741080479 9781741080476
Language
eng
Field of Research
150201 Finance
Socio Economic Objective
970115 Expanding Knowledge in Commerce, Management, Tourism and Services