On the antecedents of corporate severance agreements: An empirical assessment
Dan R. Dalton, Paula L. Rechner
Journal of Business Ethics · 1989 · Volume 8 · Issue 6
Abstract
This study of major corporations (n=481) provides an empirical assessment of the effects of several corporate governance variables (CEO duality, boards of director composition, officers and directors common stock holdings, institutional common stock holdings, number of majority owners) on the adoption of so-called severance agreements. A discriminant analysis indicates a significant multivariate function. Wilks lambda univariate analyses suggest that the percentage of common stock held by owners and directors and number of majority stock holders are the more robust discriminators.
Keywords
Economic Growth, Univariate Analysis, Discriminant Analysis, Corporate Governance, Empirical Assessment
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