Journal of Business Ethics

, Volume 8, Issue 6, pp 455–462 | Cite as

On the antecedents of corporate severance agreements: An empirical assessment

  • Dan R. Dalton
  • Paula L. Rechner
Article

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.

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Copyright information

© Kluwer Academic Publishers 1989

Authors and Affiliations

  • Dan R. Dalton
    • 1
  • Paula L. Rechner
  1. 1.Graduate School of BusinessIndiana UniversityBloomingtonUSA

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