This paper enquires whether institutional investors have specific preferences on the composition of the board of directors in Latin American firms they hold shares in. The result show that preferences vary significantly in terms of the type of institutional investor. The econometric results...

Institutional investors report that they prefer to invest in firms with greater board independencedespite the fact that researchers have been unable to demonstrate a link between boardindependence and firm performance. We investigate whether differences among institutionalinvestors affect these...

Institutional investors report that they prefer to invest in firms with greater board independence despite the fact that researchers have been unable to demonstrate a link between board independence and firm performance. We investigate whether differences among institutional investors affect...