What makes independent directors perform their monitoring duty? One possible reason is that they are concerned about being sanctioned by regulators if...
Using a unique sample, we attempt to identify the consequence of the separation between inside ownership and control for firm performance. We exploit...
The primary way in which directors obtain necessary information is by attending board meetings. Bank directors, in particular, are strongly urged to...
This paper is a survey of the literature on boards of directors, with an emphasis on research done subsequent to the Hermalin and Weisbach (2003) survey....
We examine the benefits and costs associated with foreign independent directors (FIDs) at U.S. corporations. We find that firms with FIDs make better...
This paper studies the two potentially contrasting effects on IPO pricing and post-IPO operating performance of family ties as well as social ties the...
The SEC adopted Regulation FD (Reg FD) to address the selective disclosure by issuers of material nonpublic information. Selective disclosure results...