Do Outside Directors Tell the Truth, the Whole Truth, and Nothing But the Truth When They Resign?

• المؤلفون الرئيسيون: BAR-HAVA, Keren, HUANG, Sterling, SEGAL, Benjamin, SEGAL, Dan
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2014
• الموضوعات: Independent Directors; Resignation; Disagreement; Information Content; Creditibility; Verifiability; Accounting; Corporate Finance; Human Resources Management
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/1347; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=2346&context=soa_research

This study examines the informativeness and credibility of the reasons cited by independent directors for resignation. Given that directors are privy to private information about the firm, they may resign in anticipation of future underperformance in order to limit potential damage to their reputati...