Independence or In-dependence? Non-Strict Independence Among Publicly Listed Firms in the Philippines

• Main Authors: Li Liao, Evan Lance C., Unite, Angelo A., Sullivan, Michael J., Shi, Ailyn A.
• Format: text
• Published: Animo Repository 2019
• Subjects: Corporate Finance; Corporate Ownership; Family Firms; Firm Ownership; Leverage; Ownership; Ownership Structure; Shareholder; Shares; Stockholder; Value of Firm
• Online Access: https://animorepository.dlsu.edu.ph/res_aki/31; https://animorepository.dlsu.edu.ph/cgi/viewcontent.cgi?article=1031&context=res_aki
• Institution: De La Salle University

Board independence is thought of as a corporate governance tool that mitigates agency conflicts among firms with either a widely held ownership structure or a highly concentrated ownership structure. As a result, having a high degree of board independence is adopted as the best corporate governance...