Board structure, director expertise, and advisory role of outside directors

• Main Authors: Chen, Shen-Syan, Chen, Yan-Shing, Kang, Jun-Koo, Peng, Shu-Cing
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2021
• Subjects: Business::Finance; Permanent Normal Trade Relations; China-Related Experience
• Online Access: https://hdl.handle.net/10356/154551
• Institution: Nanyang Technological University

We investigate how a shock to corporate demand for experienced directors (i.e., U.S. Congress’ grant of Permanent Normal Trade Relations status to China in 2000) affects U.S. firms’ board structure and board advisory role. We find that firms appoint more outside directors with China-related experien...