Working Paper
Dissenting Directors
Expressions of dissent by corporate directors are a valuable, indeed vital, attribute of good corporate governance. Vocal opposition by a director,...
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Risk Perceptions, Board Networks, and Directors’ Monitoring
What makes independent directors perform their monitoring duty? One possible reason is that they are worried about being sanctioned by regulators if...
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Boards in Europe - Accountability and Convergence
Corporate boards play a central role in corporate governance and therefore are regulated in the corporate law and corporate governance codes of all...
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The Rise of Bankruptcy Directors
In this Article, we use hand-collected data to shed light on a troubling development in bankruptcy practice. We show that distressed companies,...
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How Valuable are Independent Directors? Evidence from External Distractions
We provide new evidence on the value of independent directors by exploiting exogenous events that seriously distract independent directors....
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Powerful Independent Directors
Shareholder valuations are economically and statistically positively correlated with independent directors? power, gauged by social network power...
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Board Structure and Price Informativeness
We develop and test the hypothesis that private information incorporated into stock prices (price informativeness) affects the structure of...
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Value of Politically Connected Independent Directors: Evidence from the Anti-Corruption Campaign in China
A new regulation issued in the end of 2013 as part of the anti-corruption campaign in China leads to a wave of resignation of politically connected...
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Bank Governance
According to a common narrative, in addition to inadequate capital and liquidity, the failure of banks in the financial crisis also reflected their poor...
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Corporate Governance in Singapore – The Road Thus Far
The first Code of Corporate Governance was adopted in Singapore 21 years ago in 2001. Since then, the Code has been re-issued three times, the last being in...
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