Foreign independent directors and the quality of legal institutions

Volume: 48, Issue: 2, Pages: 267 - 292
Published: Feb 1, 2017
Abstract
Foreign directors can affect firm value through their advising and monitoring functions. However, the demand for these directors, as well as their effect on firm performance is likely to be influenced by firm- and country-level characteristics. In a large sample of non-US firms, we find that foreign directors are more likely to be associated with firms that have more foreign operations and an international shareholder base, and firms that are...
Paper Details
Title
Foreign independent directors and the quality of legal institutions
Published Date
Feb 1, 2017
Volume
48
Issue
2
Pages
267 - 292
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