Shareholder valuations are economically and statistically positively correlated with independent directors' power …, gauged by social network power centrality. Powerful independent directors' sudden deaths reduce shareholder value … significantly; other independent directors' deaths do not. More powerful independent directors Granger cause higher valuations; the …

This paper is a survey of the literature on boards of directors, with an emphasis on research done subsequent to the …

What makes independent directors perform their monitoring duty? One possible reason is that they are worried about … market, we estimate the extent to which independent directors' perceptions of the likelihood of receiving a regulatory … stronger if the observing and penalized directors share the same professional background or gender and if the observing …

We document that corporate directors' past experience with abnormally severe climatic natural disasters shape their …-level natural disasters, we identify Directors with Abnormal Disaster Experiences (DADEs). DADEs are significantly more likely to be …, or risk committees, supporting a preference-based rather than risk-based mechanism. Independent directors, rather than …

be averted if directors asked hard questions, demanded clear answers, and blew whistles. Work by Milgram suggests humans … agency problem", explains directors' eerie submission. Rational explanations are reviewed, but behavioral explanations appear … distant authorities. Thus, independent directors, chairs, and committees excluding CEOs might induce greater rationality and …

This paper analyzes the links between corporate tax avoidance, the growth of high-powered incentives for managers, and …