Adams, Renee B.; Hermalin, Benjamin E.; Weisbach, Michael S. - In: Journal of Economic Literature 48 (2010) 1, pp. 58-107
This paper is a survey of the literature on boards of directors, with an emphasis on research done subsequent to the Benjamin E. Hermalin and Michael S. Weisbach (2003) survey. The two questions most asked about boards are what determines their makeup and what determines their actions? These...