beneficial. Our model allows directors to condition their monitoring choices on their co-directors' choices and to experience … directors' effort choices are strategic substitutes or complements and on the sign of the cross-firm synergies. Our empirical … analysis exploits plausibly exogenous shocks that make directors busier on one board and examines how this spills over to other …

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 …

that assign officers and directors a duty to act for their business group, not their firm or its shareholders. Even where a …

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

decisions, directors' superior information, bargaining by management, pressures on managers to focus on the short …