Miletkov, Mihail K.; Poulsen, Annette B.; Babajide … - In: Journal of Corporate Finance 29 (2014) C, pp. 143-157
A long-recognized phenomenon in capital markets is the underinvestment in foreign equity securities, known as equity home bias. Our study examines the effect of board independence on the firm's ability to attract foreign equity capital. After accounting for potential endogeneity, we document...