Do outside directors with government experience create value?

• Main Authors: Kang, Jun-Koo, Zhang, Le
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2019
• Subjects: Firm Value; Business::Finance; Government Director
• Online Access: https://hdl.handle.net/10356/93614; http://hdl.handle.net/10220/50206
• Institution: Nanyang Technological University

We examine whether outside directors with government experience add value to their firms. We find that government directors are more likely to miss board meetings and that their appointment announcements are greeted more negatively. Firms with government directors also experience poorer operating pe...