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management and are instrumental in mitigating the agency conflict between managers and shareholders. My expansive, hand …
Persistent link: https://www.econbiz.de/10012999130
Scholars have previously investigated country and organizational-level factors associated with the incidence of female directors on boards. These studies, however, cannot explain why, in countries with strong gender equality and pressure for female directorships, firms are still hesitant to...
Persistent link: https://www.econbiz.de/10013035043
Scholars have previously investigated country and organizational-level factors associated with the incidence of female directors on boards. These studies, however, cannot explain why, in countries with strong gender equality and pressure for female directorships, firms are still hesitant to...
Persistent link: https://www.econbiz.de/10010206901
shareholders is smaller or when savings banks are family firms. Practical implications: Outside directors can not only play the … customers. Contribution: Finally, this study contributes to the family business literature by providing insight into how the … unique characteristics of family firms in strategic choices make outside directors contribute as assistants than supervisors. …
Persistent link: https://www.econbiz.de/10014234822
We analyze the valuation effect of board industry experience and channels through which industry experience of outside directors affects firm value. We find that firms with more experienced outside directors are valued at a premium compared to firms with less experienced outside directors. We...
Persistent link: https://www.econbiz.de/10010408818
Persistent link: https://www.econbiz.de/10010409166
I examine the reputation and regulatory effects on the directors' turnover and their directorships when firms are accused of fraudulent financial reporting (FR). The results show that the directors at FR firms incur reputation costs from abnormal turnover in relation to the directors at non-FR...
Persistent link: https://www.econbiz.de/10013101697
We examine the impact of board structure on executive pay for 1,880 UK public firms over 1983-2002, using panel data analysis. Firstly, the proportion of non-executive directors tends to decrease the rate of increase in executive pay whilst board size tends to increase it. Secondly, the...
Persistent link: https://www.econbiz.de/10013103145
This paper examines the impact of independent director busyness on firm value in a setting that addresses a key challenge that the board of directors is an endogenously determined institution. We use the deaths of directors and CEOs as a natural experiment to generate exogenous variation in the...
Persistent link: https://www.econbiz.de/10013081264
Serving as an independent director requires skills to effectively interact with management in a short period of time and obtain information necessary to perform the advising and monitoring duties. Inexperienced directors may have difficulty gaining efficiency until they learn by doing. Based on...
Persistent link: https://www.econbiz.de/10013084302