In their 2008 paper, Dahya, Dimitrov, and McConnell find that corporate values are lower when a higher fraction of the firm’s board of directors is associated with the dominant shareholder, especially in countries with weak legal regimes. Our study presents a simple model that is consistent...

A theoretical framework is developed for the analysis of the impact of executive succession in public organizations. The central concepts in the model are the motives of chief executives, the means at their disposal and the opportunities available for influencing performance. The main hypothesis...

This study examines the effect of social capital on leveraged buyout (LBO) investments. Exploiting proprietary global private equity data at the investment-level on leveraged buyouts, we find that Harvard MBA alumni are more likely to co-invest and syndicate in LBO with one another. Crimson...

This study examines the effect of social capital on leveraged buyout (LBO) investments. Exploiting proprietary global private equity data at the investment-level on leveraged buyouts, we find that Harvard MBA alumni are more likely to co-invest and syndicate in LBO with one another. Crimson...

During the 1990s and beyond, countries around the world witnessed calls and/or mandates for more outside directors on publicly traded companies' boards even though extant studies find no significant correlation between outside directors and corporate performance. We examine the connection...