Economic literature provides mixed results about what really matters at corporate governance and the board room. Some research covering different countries suggests that size and ratio of board room matters. The purpose of this paper is to investigate the performance impact at the board level in...

To discipline managers, various governance measures are being developed. They include stock options, shareholder lawsuits, hostile takeovers, and outside directors. In the literature, some studies have found evidence supporting the introduction of these measures, but others have found evidence...