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We study the relation between board gender diversity and initial public offering (IPO) price formation. We find that … institutional investor demand for board gender diversity. We find evidence that underwriters with greater network centrality are … better able to incorporate information about investor preferences for board gender diversity into IPO prices, reducing the …
Persistent link: https://www.econbiz.de/10013406106
In the UK context the chair is responsible for and represents the board, while the CEO is responsible for and is the public face of the company. Chairs are accomplished professionals with strong views, but they lead without taking up much space and avoid the limelight. They lead board members by...
Persistent link: https://www.econbiz.de/10014088590
Board chair in Finland is an important actor in the governance ecosystem not merely the most senior board member responsible for the latter’s effectiveness. The chairs not only represent their boards in relationships with the owners and the CEOs but build and maintain their own ties with these...
Persistent link: https://www.econbiz.de/10014088658
The work of a board chair in France is heavily influenced by the half-century-old tradition of combining the chair and CEO positions in an almighty “PDG” role. The transition to a dedicated professional chair as a generally accepted standard has accelerated in recent years, but has not yet...
Persistent link: https://www.econbiz.de/10014088611
In 2020, the average total director compensation in U.S. listed companies stood at $450,680, 6.67 times the median household income. Company pairs with shared directors have more similar pay than can be explained by size, industry, and performance. Following a landmark Delaware court ruling that...
Persistent link: https://www.econbiz.de/10013405637
We find that board gender diversity increases the likelihood that firms announce a buy-back but long-term excess … governance hypothesis: gender diversity makes it more likely that firms buy back stock to reduce agency costs of free cash flow …. But because gender diversity improves the quality of public information disclosure repurchases are less driven by market …
Persistent link: https://www.econbiz.de/10012968652
Boards are key to unlocking substantive action by firms on sustainability. We clarify their potential role and show how and why they are failing to deliver on that role and what can be done about it. We start by highlighting the importance of board engagement as a driver of sustainability and...
Persistent link: https://www.econbiz.de/10012841807
Our paper challenges the longstanding worldview of nations as homogeneous masses of uniform national culture that can be represented by single national culture dimension scores. We present a richer perspective of nations as diverse mixtures of global values archetypes. Our global archetypes and...
Persistent link: https://www.econbiz.de/10012895192
two studies. In the first study, gender stereotyping is examined using the Schein Descriptive Index, based on a Saudi …
Persistent link: https://www.econbiz.de/10014206751
This paper focuses on women leaders’ self-views linked to their gender and leader identities. In particular, we examine … perceive an incongruity between their gender and professional identities. Applying structural equation modeling techniques on a … positive gender identity. We found that positive gender identity reduced identity conflict of women leaders. Moreover, compared …
Persistent link: https://www.econbiz.de/10014174900