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Risk Perceptions, Board Networks, and Directors' Monitoring
Ding, Wenzhi; Chen, Lin; Schmid, Thomas; Weisbach, … - National Bureau of Economic Research - 2021
What makes independent directors perform their monitoring duty? One possible reason is that they are worried about being sanctioned by regulators if they do not monitor sufficiently well. Using unique features of the Chinese financial market, we estimate the extent to which independent...
Persistent link: https://www.econbiz.de/10012585458
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Deadlock on the Board
Donaldson, Jason Roderick - 2019
We develop a dynamic model of board decision-making. We show that a board could retain a policy all directors agree is worse than an available alternative. Thus, directors may retain a CEO they agree is bad--a deadlocked board leads to an entrenched CEO. We explore how to compose boards and...
Persistent link: https://www.econbiz.de/10012480101
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Labor in the Boardroom
Jäger, Simon - 2019
We estimate the effects of a mandate allocating a third of corporate board seats to workers (shared governance). We … capital stock, the capital-labor ratio, and the capital share all increase. Shared governance does not raise wage premia or … rent sharing. It lowers outsourcing, while moderately shifting employment to skilled labor. Shared governance has no clear …
Persistent link: https://www.econbiz.de/10012480463
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Board Dynamics over the Startup Life Cycle
Ewens, Michael - 2020
Venture capital (VC) backed firms face neither the governance requirements nor a major separation of ownership and …
Persistent link: https://www.econbiz.de/10012481072
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Gender Quotas and Support for Women in Board Elections
Gertsberg, Marina; Mollerstrom, Johanna; Pagel, Michaela - National Bureau of Economic Research - 2021
We study shareholder support for corporate board nominees in the context of the California gender quota, which was passed in 2018. Using hand-collected data for approximately 600 firms, we show that, prior to the quota, female nominees received greater shareholder support than their male...
Persistent link: https://www.econbiz.de/10012482679
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Perceived FOMC : The Making of Hawks, Doves and Swingers
Bordo, Michael D. - 2018
Narrative records in US newspapers reveal that about 70 percent of Federal Open Market Committee (FOMC) members who served during the last 55 years are perceived to have had persistent policy preferences over time, as either inflation-fighting hawks or growth-promoting doves. The rest are...
Persistent link: https://www.econbiz.de/10012453069
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Selecting Directors Using Machine Learning
Erel, Isil - 2018
larger networks. Machine learning holds promise for understanding the process by which existing governance structures are … chosen, and has potential to help real world firms improve their governance …
Persistent link: https://www.econbiz.de/10012453279
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Breaking the Glass Ceiling? The Effect of Board Quotas on Female Labor Market Outcomes in Norway
Bertrand, Marianne - 2014
In late 2003, Norway passed a law mandating 40 percent representation of each gender on the board of public limited liability companies. The primary objective of this reform was to increase the representation of women in top positions in the corporate sector and decrease the gender disparity in...
Persistent link: https://www.econbiz.de/10012458410
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The Evolution of Bank Boards of Directors in New York, 1840-1950
Bodenhorn, Howard - 2014
Contemporary bank governance is criticized for manager-dominated (insider) boards of directors, but from the beginning …
Persistent link: https://www.econbiz.de/10012458586
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Large Block Shareholders, Institutional Investors, Boards of Directors and Bank Value in the Nineteenth Century
Bodenhorn, Howard - 2013
and institutional investors, and shareholder voting rights, among other governance features. It is not clear whether the …
Persistent link: https://www.econbiz.de/10012459707