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We examine professional directors—board members with no employment outside of serving as independent directors. We find that boards with a higher percentage of professional directors engage in more acquisitions, experience lower acquisition-announcement returns, and exhibit lower...
Persistent link: https://www.econbiz.de/10011646428
Although the resurgence of Corporate Social Responsibility (CSR) has been described as the development of ‘markets for virtue’, little is known about the social construction of CSR markets. Prior works either focus on the economic potential of these markets or criticize the social...
Persistent link: https://www.econbiz.de/10010960580
, stewardship theory, and psychological biases. In agency theory, a chief executive officer (CEO) is motivated to act in his or her … own best interests rather than those of shareholders. Stewardship theory posits that a CEO is a self …-actualizing individual seeking to grow and reach a higher level of achievement through leading an organization. A CEO exhibits self …
Persistent link: https://www.econbiz.de/10012955099
There is considerable interest in increasing the representation of women on the boards of publicly traded corporations. Currently, only 17 percent of independent directors in the United States are women. In this Closer Look, we examine the pathways that women took to become the first female...
Persistent link: https://www.econbiz.de/10012938324
Companies that are serious about corporate governance and business ethics are turning their attention to gender diversity at the most senior levels of business (Institute of Business Ethics, Business Ethics Briefing 21:1, 2011). Board gender diversity has been the subject of several studies...
Persistent link: https://www.econbiz.de/10013017629
This study analyzes detailed minutes of board meetings of business companies in which the Israeli government holds a substantial equity interest. Boards with at least three directors of each gender are found to be at least 79% more active at board meetings than those without such representation....
Persistent link: https://www.econbiz.de/10013037878
The boards of all publicly traded companies are required to conduct a self-evaluation at least annually to determine whether they are functioning effectively. Research suggests that while many directors are satisfied with the job that they and their fellow board members do, board evaluations and...
Persistent link: https://www.econbiz.de/10011870202
This article attempts to disentangle the various issues a public company should consider when answering the question: “to go or not to go private?” It provides a review of the literature with an eye towards coverage of the main questions a practitioner would ask. The article explores factors...
Persistent link: https://www.econbiz.de/10013104191
How do you build the best board for your organization? What attributes and skills are required by law and what mix of experiences and talents will give you the best corporate governance? What are the commonly required director attributes that are a must for each board and how do you customize...
Persistent link: https://www.econbiz.de/10013081519
In this paper, we highlight the strategic role of the board of directors (BOD) in business excellence and its link with firm value. We empirically investigate the relationship between the composition of the BOD and the winning of a Malcolm Baldrige National Quality Award (MBNQA) or a local award...
Persistent link: https://www.econbiz.de/10012962357