We show that firms take more (but not necessarily excessive) risks when one of their directors experiences a corporate bankruptcy at another firm where...
The conventional view of corporate governance is that it is a neutral set of processes and practices that govern how a company is managed. We demonstrate...
We find a large body of evidence that independent director reputation incentives can vary across directors and can significantly influence important...
Directors have traditionally been elected by a plurality of the votes cast. This means that in uncontested elections, a candidate who receives even a...
This paper analyzes the labor market (turnover and appointments) of executive and non-executive directors by means of social network methodology. We...