Lamoreaux, Phillip T.; Litov, Lubomir P.; Mauler, Landon M. - In: Journal of Accounting Literature 43 (2019) 1, pp. 47-69
We document the emergence of the Lead Independent Director (LID) board role in a sample of U.S. firms from 1999–2015. We find that firms that adopt an LID board role are larger and have more independent boards, higher institutional investor holdings, and an NYSE listing. Firms with greater...
