This study examines whether a firm's appointment of a problem director could lead to a stock price crash. We argue that an appointment of a problem director is the information "tipping point," which signifies governance failure and other potentially concealed firm-specific bad news that...

This study investigates the association between independent directors’ reputation incentives and firm performance using Australia’s top 500 listed firms for 2004-2019. Analyses reveal that firm performance is positively (negatively) associated with the proportion of independent directors...

This paper extends the literature on busyness of directors (board) and bank performance on emerging markets. We argue that a quadratic model parsimoniously captures the tension between the ‘reputation hypothesis’ and ‘over-boarding hypothesis. We find a robust inverted u-shaped...