Deadlock on the Board
Sign Up to like & getrecommendations! Published in 2020 at "Review of Financial Studies"
DOI: 10.1093/rfs/hhaa006
Abstract: We develop a dynamic model of board decision-making akin to dynamic voting models in the political economy literature. We show a board could retain a policy all directors agree is worse than an available alternative.… read more here.
Keywords: deadlock; board; deadlock board;