Lin, Guoyu; Brown, Anna - In: Journal of risk and financial management : JRFM 15 (2022) 4, pp. 1-16
This paper is the first (to our knowledge) to analytically model the optimal contracting for a member of the board of directors who holds multiple directorships. Prior literature has found conflicting evidence on the overall effect of multiple directorships on shareholder welfare: busy board...