Activist-appointed directors

• Main Authors: Kang, Jun-Koo, Kim, Hyemin, Kim, Jungmin, Low, Angie
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2022
• Subjects: Business::Finance; Corporate Governance; Board Independence
• Online Access: https://hdl.handle.net/10356/153618
• Institution: Nanyang Technological University

We examine the value impact of independent directors nominated by activists (Activist IDs). Firms appointing Activist IDs experience larger value increases than firms appointing other directors, particularly when Activist IDs have private firm experience and when their nominators remain as sharehold...