We critically revisit and expand previous studies on the likely valuation effect of Norway's pioneering board gender-quota law. Most important, Ahern and Dittmar (2012) report a significantly negative average abnormal stock return, which they conclude is evidence of a large shareholder-borne...

We examine the benefits and costs associated with foreign independent directors (FIDs) at U.S. corporations. We find that firms with FIDs make better cross-border acquisitions when the targets are from the home regions of FIDs. However, FIDs also display poor board meeting attendance records,...