Board independence and the variability of firm performance: Evidence from an exogenous regulatory shock
We use the 2003 NYSE and NASDAQ listing rules for board independence as an exogenous shock to estimate the causal relation between board independence and the variability of firm performance. Using a difference-in-difference approach, we find that non-compliant firms without a majority of independent...
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Published in | Australian journal of management Vol. 43; no. 1; pp. 3 - 26 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
London, England
SAGE Publications
01.02.2018
Sage Publications Ltd |
Subjects | |
Online Access | Get full text |
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