Business Professors in the Boardroom: Can they walk-the-talk?

• Published in: Finance research letters Vol. 39; p. 101590
• Main Authors: Huang, Wei, Teklay, Belaynesh
• Format: Journal Article
• Language: English
• Published: Elsevier Inc 01.03.2021
• Subjects: Academic independent directors; Agency costs; China; Investment; Agency costs; Academic independent directors; G3; China; M4; Investment

•Business Professor Independent Directors (BPIDs) enhance minority shareholder protections from the controlling shareholder-manager coalition at the cost of firm investment efficiency.•These findings are in line with BPIDs’ high ethical standards and reputational concerns but lack of industry experi...