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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| Main Authors: | , |
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| 格式: | text |
| 語言: | English |
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Institutional Knowledge at Singapore Management University
2017
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| 主題: | |
| 在線閱讀: | 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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