Gunasekarage, Abeyratna; Reed, Debra K. - In: International Journal of Managerial Finance 4 (2008) 4, pp. 259-277
Purpose – The purpose of this study is to examine the character of any market response to the appointment of outside directors. The main propositions tested are: whether the stock market responds unconditionally to these appointments or whether the market response is conditional on the degree...
