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Title: Boards, ownership structure, and involuntary delisting from the New York Stock Exchange
Authors: Charitou, Andreas 
Louca, Christodoulos 
Vafeas, Nikos 
Major Field of Science: Social Sciences
Field Category: Economics and Business
Keywords: Board of directors;Delisting;NYSE
Issue Date: Mar-2007
Source: Journal of Accounting and Public Policy, 2007, vol. 26, no. 2, pp. 249-262.
Volume: 26
Issue: 2
Start page: 249
End page: 262
Journal: Journal of Accounting and Public Policy 
Abstract: This study examines whether the likelihood of becoming involuntarily delisted from NYSE is associated with a firm's board of directors and ownership characteristics. To this end we compare 161 firms that were delisted from NYSE between 1998 and 2004 to a set of industry and size-matched control firms. Consistent with our expectations, we find that the likelihood of delisting is related to a firm's governance characteristics. Our results on the importance of the board of directors are new to this setting and add to a large body of evidence linking corporate boards and ownership characteristics to corporate performance.
ISSN: 0278-4254
DOI: 10.1016/j.jaccpubpol.2007.02.006
Rights: © Elsevier
Attribution-NonCommercial-NoDerivs 3.0 United States
Type: Article
Affiliation : University of Cyprus 
Durham University 
Appears in Collections:Άρθρα/Articles

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