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We examine the influence of outside directors' industry experience on segment investment, segment operating performance, and firm valuation for conglomerates. Given board composition is endogenous, we instrument for the presence of industry expert directors using the supply of experienced...
Persistent link: https://www.econbiz.de/10012972204
UK and the Netherlands has been used. Research findings did not show convincing support for the main research question … nationality diversity within the executive boards between Germany, UK and the Netherlands are discussed and tested. Lastly, this … UK and the Netherlands. First, the findings show that more foreigners within the executive board would lead to higher …
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While most economic organisation literature on cooperatives has focused on changes in income rights, we study changes in the allocation of decision rights between board of directors (representing members) and managers. The traditional role of the board is to direct the activities of the...
Persistent link: https://www.econbiz.de/10014040074
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This paper studies economic effects of the gender composition of corporate boards, employing a new and unique longitudinal dataset of virtually all Russian companies whose shares were traded on the national stock market between 1998 and 2014. Using multiple identification approaches, alternative...
Persistent link: https://www.econbiz.de/10012019226
Despite a conventional wisdom that female board members positively impact firm performance, a thorough examination of the research to date reveals no consensus that female board members have either a positive or negative effect on firm performance. We build the largest dataset of Australian...
Persistent link: https://www.econbiz.de/10014431554
Many observers consider the most important responsibility of the board of directors its responsibility to hire and fire the CEO. To this end, an interesting situation arises when a CEO resigns and the board chooses neither an internal nor external candidate, but a current board member as...
Persistent link: https://www.econbiz.de/10011870297