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 2018
Subjects:
Board tenure
Corporate policies
Entrenchment
Firm value
Learning
Accounting
Business Law, Public Responsibility, and Ethics
Online Access:https://ink.library.smu.edu.sg/soa_research/1728
https://ink.library.smu.edu.sg/context/soa_research/article/2755/viewcontent/HUANG_et_al_2018_ZombieBoard_JAR_av.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soa_research/1728
https://ink.library.smu.edu.sg/context/soa_research/article/2755/viewcontent/HUANG_et_al_2018_ZombieBoard_JAR_av.pdf

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