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,...
Read moreRisk 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...
Read moreBoards 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...
Read moreThe 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,...
Read moreHow 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....
Read morePowerful Independent Directors
Shareholder valuations are economically and statistically positively correlated with independent directors? power, gauged by social network power...
Read moreBoard Structure and Price Informativeness
We develop and test the hypothesis that private information incorporated into stock prices (price informativeness) affects the structure of...
Read moreValue 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...
Read moreBank 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...
Read moreCorporate 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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