Masulis, Ronald W.; Wang, Cong; Xie, Fei - In: Journal of Accounting and Economics 53 (2012) 3, pp. 527-554
We examine the benefits and costs associated with foreign independent directors (FIDs) at U.S. corporations. We find that firms with FIDs make better cross-border acquisitions when the targets are from the home regions of FIDs. However, FIDs also display poor board meeting attendance records and...
