We examine the effects of diversity in the board of directors on corporate policies and risk.
Using a multidimensional measure, we find that greater board diversity leads to lower …

Can algorithms assist firms in their decisions on nominating corporate directors? Directors
predicted by algorithms to perform poorly indeed do perform poorly compared to a realistic …

We examine the formation and evolution of corporate risk culture, that is, the preferences
toward risk and uncertainty shared by a firm's leaders, as well as its effect on corporate …

We view director tenure as an indicator of a firm's stability. Longer board tenure indicates
that shareholders are satisfied with their director appointments, that the board has the …

Existing empirical and theoretical literature provides excellent insight into many aspects of
CEO-related phenomena. However, so far, no study has explored the interrelation between …

We study the relation between the chair of the board of directors and the CEO. We argue that
substantial age dissimilarity between the two—giving rise to cognitive conflict—increases …

Abstract Using 9,801 director appointments during 2003–2014, we document the dramatic
impact of connections. Sixty-nine percent of new directors have professional ties to …

We analyze the valuation effect of board industry experience and channels through which
industry experience of outside directors relates to firm value. Our analysis shows that firms …

Purpose This study aims to examine whether the age and tenure of the chair of the board of
directors are related to research and development (R&D) investment in China …

Directors' and officers' liability insurance (D&O insurance) is one of the most controversial
and least understood governance tools. Using manually collected voting data for all director …