Meyerinck, Felix von; Oesch, David; Schmid, Markus M. - 2012 - This version: November 2012
We investigate whether investor reactions to the announcement of a new outside director appointment significantly … depend upon the director's experience in the appointing firm's industry. Our sample includes 688 outside director … time-fixed unobservable director and firm characteristics, we still cannot completely rule out endogenous firm-director …