This study investigates the association between independent directors’ reputation incentives and firm performance using Australia’s top 500 listed firms for 2004-2019. Analyses reveal that firm performance is positively (negatively) associated with the proportion of independent directors...

Taking note of the wide variety and growing list of models in the literature to explain patterns of behavior observed in laboratory experiments, this paper identifies two tests, the Variety Test (ability of a model to explain outcomes under variety or alternative scenarios) and the Psychological...