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Directors are more likely to obtain additional directorships, especially at prestigious firms, if the CEOs of their … current boards are well-connected. Recommended directors do not become beholden to the CEO, as CEO compensation is unaffected … directors if they recently received help from their network filling vacant board positions. Overall, there is little evidence …
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centrality has a positive e↵ect on directors' compensation, providing evidence of rent sharing. …
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Previous research on firm performance does not adequately account for the interrelatedness of a firm's professional connections, political ties, and family business-group affiliation. Many widely-cited findings may therefore be subject to confounding bias. To address this problem, we adopt a...
Persistent link: https://www.econbiz.de/10011431401
The purpose of this paper is to analyze the effects on the Italian directorship network of the corporate governance reform that was introduced in Italy in 2011 to prevent interlocking directorships in the financial sector. Interlocking directorships are important communication channels among...
Persistent link: https://www.econbiz.de/10011348901
We analyze the ties between 4,000 Japanese corporations in the time period from 2004 until 2013. We combine data about the board composition with ownership relationships and indicators of corporate profitability. We find that both the network of corporate board interlocks as well as the...
Persistent link: https://www.econbiz.de/10012164259
public company directors receive?• What can board members do to improve information quality and presentation?• What are the …
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