Lehn, Kenneth M.; Patro, Sukesh; Zhao, Mengxin - In: Financial Management 38 (2009) 4, pp. 747-780
"We examine the determinants of the size and composition of corporate boards for a sample of 82 US companies that survived during the period 1935-2000. Our hypotheses lead to predictions that firm size, growth opportunities, merger activity, and geographical expansion are important determinants...