Are multiple directorships beneficial in East Asia?

• المؤلفون الرئيسيون: Lee, Kin-Wai, Lee, Cheng-Few
• مؤلفون آخرون: Nanyang Business School
• التنسيق: مقال
• اللغة: English
• منشور في: 2013
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/97981; http://hdl.handle.net/10220/12283
• المؤسسة: Nanyang Technological University

We posit that the benefits and costs of multiple directorships are conditional on firm characteristics. We find firm valuation is positively associated with multiple directorships in (i) firms with high advising needs and (ii) firms with high external financing needs. These beneficial effects of multiple...