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The Market for Non-Executive Directors Does Acquisition Performance Influence Future Board Seats

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dc.contributor.authorGoergen, Marc
dc.contributor.authorMira, Svetlana
dc.contributor.authorO’Sullivan, Noel
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2025-03-18T16:55:54Z
dc.date.available2025-03-18T16:55:54Z
dc.date.issued2018-03-23
dc.description.abstractThis paper investigates whether non-executive directors associated with good (bad) board decisions are subsequently rewarded (penalized) in the market for directors. This question is addressed by assessing whether the post-acquisition performance of acquiring companies influences the number of non-executive directorships that non-executives involved in these acquisitions hold subsequent to the acquisition. We find that non-executives on the boards of acquirers that increase (omit or cut) their dividend subsequently hold more (fewer) non-executive directorships in listed companies. Our findings suggest that the non-executive labour market is efficient and rewards (penalizes) non-executives for good (bad) acquisitions.
dc.description.peerreviewedyes
dc.description.statusPublished
dc.formatapplication/pdf
dc.identifier.citationMira, S., Goergen, M., & O'Sullivan, N. (2019). The market for non‐executive directors: does acquisition performance influence future board seats?. British Journal of Management, 30(2), 415-436. https://doi.org/10.1111/1467-8551.12290.
dc.identifier.doihttps://doi.org/10.1111/1467-8551.12290
dc.identifier.issn1467-8551
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3660
dc.issue.number2
dc.journal.titleBritish Journal of Management
dc.language.isoen
dc.page.final515
dc.page.initial217
dc.page.total22
dc.publisherWiley
dc.relation.departmentFinance
dc.relation.entityIE University
dc.relation.schoolIE Business School
dc.rightsAttribution-NonCommercial 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc/4.0/
dc.subject.keyword-
dc.titleThe Market for Non-Executive Directors Does Acquisition Performance Influence Future Board Seats
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/publishedVersion
dc.volume.number30
dspace.entity.typePublication
relation.isAuthorOfPublication55eb0faa-13da-4a35-a432-f529b62f4d8b
relation.isAuthorOfPublication.latestForDiscovery55eb0faa-13da-4a35-a432-f529b62f4d8b
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