Kim, Jong-Min; Cho, Chan Ho; Jun, Chulhee; Kim, Won Yong - In: Journal of risk and financial management : JRFM 13 (2020) 11/254, pp. 1-21
This paper examines the effect of board characteristics, especially board independence, on firm performance from a dynamic perspective through copula-based quantile regression approaches, which allow us to focus on changes at different points in the distribution of board characteristics. We find...