Devos, Erik; Prevost, Andrew; Puthenpurackal, John - In: Financial Management 38 (2009) 4, pp. 861-887
"This paper examines whether the presence of interlocked directors on a board is associated with weak governance. For a sample of 3,566 firm-years spanning 2001 to 2003, we find that firms with lower industry-adjusted firm performance are more likely to have interlocked directors. We document...
