Filatotchev, Igor; Isachenkova, Natalia; Mickiewicz, Tomasz - William Davidson Institute, University of Michigan - 2005
examine interrelationships between corporate governance, managers’ independence from owners in terms of strategic decision …-making, exporting and performance. It is found that managers’ independence is positively associated with firms’ financial performance … and exporting. In turn, the extent of managers’ independence is negatively associated with ownership concentration, but …