Wu, Cen; Tang, Qingquan - In: China Journal of Accounting Research 12 (2019) 3, pp. 315-335
background, this paper studies how listed companies choose between industry experience ("meritocracy") and relationships … weaker relationships and more industry experience being hired. It also shows that higher suspicion of tunneling (i … or less industry experience. This paper also shows that reputation has a certain governance effect on the negative …