Using unique data on board meeting types of Chinese firms, we examine the effect of remote board meetings on board monitoring effectiveness. We find that compared to face-to-face meetings, remote meetings are associated with better meeting attendance behavior of directors, higher likelihood of...

The previous business literature mainly investigates the effects of board network on the financial performance of firms. In this paper, we contribute to the literature by examining its impact on firm non-financial performance. We find that firms with central or well-connected boards of directors...

This paper examines the impact of independent director busyness on firm value in a setting that addresses a key challenge that the board of directors is an endogenously determined institution. We use the deaths of directors and CEOs as a natural experiment to generate exogenous variation in the...

We analyze the relationship between the proportion of women directors on the boards of UK listed firms and their financial performance and risk. We find that firms with greater gender diversity are more profitable and enjoy higher market valuations. However, consistent with prior research, we do...

We examine the impact of co-option on ESG disclosure. Using 10,155 firm-year observations for 1,030 US firms from 2005-2019, we document a significantly negative relationship between board co-option and ESG disclosure. The effect of board co-option on ESG disclosure is stronger in firms with...