This study examines whether former politicians on corporate boards may be helpful for the implementation of green strategies. Following a resource-based view of the firm, we argue that directors with a political background can provide firms with resources and capabilities that are valuable for...

We study the market price reaction and liquidity impact that firms experience when they are incorporated into the differentiated corporate governance listing segments of the Sao Paulo Stock Exchange. The Brazilian market is of special interest since it allows us to analyze the effect of improved...

Most companies in the world are owned by families, and a majority of them are registered in countries where the legal protection of minority shareholders is weak. Is family control the consequence of the lack of investor protection? It is known that agency problems among owners actually increase...

From a reactive, antagonistic stance towards environmental regulations, many firms have evolved to act in a pro-active fashion to integrate environmental issues into their core strategies. Using measures of different corporate governance instruments that proxy for the ability of managers or...

This paper brings two important topics of corporate environmental management and corporate governance by exploring the impact of various governance mechanisms on the level of environmental performance that is realized by firms. We hypothesize that anti-takeover amendments and provisions that...