Publication:
Delaware incorporation and the coard of directors.

Issued Date

2009

Resource Type

Article

Language

eng

Rights

Mahidol University

Bibliographic Citation

Quarterly Journal of Finance and Accounting. Vol.48, No.3 (2009), 41-60

Suggested Citation

Pornsit Jiraporn, Wallace N Davidson III, Pandej Chintrakarn Delaware incorporation and the coard of directors.. Quarterly Journal of Finance and Accounting. Vol.48, No.3 (2009), 41-60. Retrieved from: https://repository.li.mahidol.ac.th/handle/20.500.14594/9962

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Title

Delaware incorporation and the coard of directors.

Author(s)

Pornsit Jiraporn
 Wallace N Davidson III
 Pandej Chintrakarn

Other Contributor(s)

Mahidol University. International College.

Abstract

This study investigates the impact of Delaware law on the composition and size of the board of directors. Our empirical evidence reveals that Delaware firms have smaller and more independent boards than their non-Delaware counterparts. Given that we find no value-premium for firms that incorporate in Delaware, we interpret our findings as consistent with Delaware law benefiting managers. The more shareholder-friendly boards in Delaware exist to offset the benefits that managers derive from Delaware incorporation.

Keyword(s)

Delaware incorporation
 Coard
 Directors

Availability

URI

https://repository.li.mahidol.ac.th/handle/20.500.14594/9962

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MUIC-Article