This paper explores how the composition of a firm's outside directors influences the growth of foreign investment in the firm. In this paper, we explore a signaling role of the composition of a firm's outside directors by examining how the composition influences the growth of foreigners'...

We study how interest alignment between CEOs and corporate boards affects investment efficiency. The model entails a CEO who encounters an investment project and decides either or not to present it for approval to a board of directors. The CEO may need to collect and report investment-relevant...

Theories of corporate boards assume that board members of a firm generate private information about the quality and performance of its CEO in the process of monitoring and advising him, and may use this information to decide whether or not to fire him. In this paper, I make use of data on...