In this study, we integrate resource dependence theory and agencytheory to argue that state ownership has a dual (inducement and constraint) effect onemerging market firms’ export performance. Building on this inducement-constraintframework, we hypothesize a non-linear relationship between...

This paper examines the impact of independent director busyness on firm value in a setting that addresses a key challenge that the board of directors is an endogenously determined institution. We use the deaths of directors and CEOs as a natural experiment to generate exogenous variation in the...