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dc.contributor.authorChen, B.
dc.contributor.authorDuong, Lien
dc.contributor.authorTruong, T.
dc.identifier.citationChen, B. and Duong, L. and Truong, T. 2018. The Wall Street Rule and its Impact on Board Monitoring. In Financial Market and Corporate Governance (FMCG) annual conference, 5-7 Apr 2018, Melbourne, Australia.

The “Wall Street Rule” (WSR), a form of monitoring by institutional investors, has been viewed as a “cut-and-run” strategy adopted to express dissatisfaction with a company’s management. In this study, we show that WSR, far from being a passive protest, is in fact a potent weapon to improve corporate governance. We present empirical evidence that WSR is positively associated with board monitoring when the firm is endowed with an outsider-dominated board. This suggests that WSR improves stock price informativeness, providing the board with an additional source of information so that it may monitor the company more effectively.

dc.titleThe Wall Street Rule and its Impact on Board Monitoring
dc.typeConference Paper
dcterms.source.conferenceFinancial Market and Corporate Governance (FMCG) annual conference
dcterms.source.conference-start-date5 Apr 2018
curtin.departmentSchool of Accounting
curtin.accessStatusOpen access
curtin.facultyFaculty of Business and Law
curtin.contributor.orcidDuong, Thi Hong [0000-0003-0308-2200]
curtin.contributor.researcheridDuong, Thi Hong [M-7254-2017]
dcterms.source.conference-end-date7 Apr 2018
curtin.contributor.scopusauthoridDuong, Thi Hong [55347126200]

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