Geng, Heng; Hau, Harald; Michaely, Roni; Nguyen, Binh T. - 2022
of any potential influence on market outcomes is unclear. Using a novel dataset on shareholders’ board representation, we … examine the role of common institutional directors (i.e., joint board representation by institutional shareholders) as one … such potential channel with three main findings. First, institutional board representation is extremely low relative to …