Garay, Urbi; González, Maximiliano; Molina, Carlos A. - In: Emerging Markets Finance and Trade 43 (2007) 3, pp. 16-33
When searching for outside directors, the performance of the candidate as a manager of other firms is important. Using a sample of Venezuelan banks during a systemic crisis, we find that the outside directorships of chief executive officers (CEOs) are negatively affected by banks' performances,...