This study investigates the impact of board diversity on disaster preparation by firms. The Covid-19 crisis showed the importance of firms’ disaster preparedness as the pandemic disrupted global economic activity. Using financial flexibility as a proxy for disaster preparation, we find that...

In this paper, we examine whether the presence of ex-military board directors affects firms' financial policies and ethical behavior in Korea, a country where the military has a unique historical role in society. Despite prolonged exposure to military rule during their formative years, firms...