Zombie Board: Board Tenure and Firm Performance

Zombie Board: Board Tenure and Firm Performance

We show that board tenure exhibits an inverted U-shaped relation with firm value and accounting performance. The quality of corporate decisions, such as M&A, financial reporting quality, and CEO compensation, also has a quadratic relation with board tenure. Our results are consistent with the in...

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Bibliographic Details
Main Authors: HUANG, Sterling, HILARY, Gilles
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2017
Subjects:
Board Tenure
Firm Value
Corporate Policies
Learning
Entrenchment
Accounting
Corporate Finance
Strategic Management Policy
Online Access:https://ink.library.smu.edu.sg/soa_research/1329
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=2328&context=soa_research
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soa_research/1329
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=2328&context=soa_research

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