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the prevalence of former politicians as non-executive directors in ASX-listed companies and the market reaction to their … appointment. In our sample of 1,561 companies in 2007, we find that former federal, state, local and foreign politicians hold … former politicians is significantly lower than non-politicians. This indicates that shareholders do not value the expertise …
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This study examines the relationship between firms' political connections and their confidence in achieving enhanced future sales. Using firm-level survey data from selected Middle Eastern and North African (MENA) countries, we apply ordered probit regressions to demonstrate that businesses with...
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We analyze the effects of corporate governance reforms on interlocking directorship (ID), and we assess the relationship between interlocking directorships and company performance for the main Italian firms listed on the Italian stock exchange over 1998-2007. We use a unique dataset that...
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