, race, and age) and task-oriented dimension (i.e., tenure and expertise), and board performance in corporate investment … monitoring. We assess sub-optimal investment by measuring how much firms deviate from the expected level of capital expenditures … sub-optimal investment, suggesting that diverse boards in terms of firm specific experience and functional expertise are …

directors with diverse industry expertise as well as the impacts of director diversity on investment and firm performance …

We study how interest alignment between CEOs and corporate boards influences investment efficiency and identify a novel … force behind the benefit of misaligned preferences. Our model entails a CEO who encounters a project, gathers investment …

This paper investigates whether network effects on investment exist and whether firms strategically herd their … common board member and estimate network effects on firms' investment decisions. Our identification strategy to resolve the … confirm significant network effects on firms' investment and show that firms strategically follow their connected firms with …

This study investigates the effects of board characteristics on R&D investment by utilizing a data set of electronics … firms listed on the Taiwan Stock Exchange Corporations. The empirical results indicate that R&D investment is negatively …&D investment is positive, but not significant. The findings provide one important managerial implication that firms competing on …