Do politically connected independent directors matter? Evidence from mandatory resignation events in China
Sign Up to like & getrecommendations! Published in 2019 at "China Economic Review"
DOI: 10.1016/j.chieco.2018.05.011
Abstract: Abstract This paper investigates the contributions of politically connected independent directors to shareholder value by examining stock price reactions to their mandatory resignations. Employing an event study, we find that, if a private firm loses… read more here.
Keywords: stock price; mandatory resignation; politically connected; connected independent ... See more keywords
Are academic independent directors punished more severely when they engage in violations
Sign Up to like & getrecommendations! Published in 2017 at "China journal of accounting research"
DOI: 10.1016/j.cjar.2016.10.002
Abstract: Abstract We use a sample of Chinese A-share listed companies from 2003 to 2013 to explore the reputation damage and overflow effect of academic independent directors who have received supervisory punishment. We find that when… read more here.
Keywords: academic independent; severely engage; engage violations; independent directors ... See more keywords
Do independent directors play a political role? Evidence from independent directors’ death events
Sign Up to like & getrecommendations! Published in 2017 at "China journal of accounting research"
DOI: 10.1016/j.cjar.2016.11.001
Abstract: Abstract We propose that independent directors are likely to play a political role in an institutional setting featuring weak investor protection and strong government intervention. Using Chinese data for 2001–2014, we investigate whether the stock… read more here.
Keywords: political role; death; independent directors; play political ... See more keywords
Does independent directors' monitoring affect reputation? Evidence from the stock and labor markets
Sign Up to like & getrecommendations! Published in 2018 at "China journal of accounting research"
DOI: 10.1016/j.cjar.2018.01.002
Abstract: Using novel data on independent directors’ opinions in China, we investigate the stock and labor market effects prompted by independent directors publicly saying ‘no’ to major board decisions. We find that the market reacts negatively… read more here.
Keywords: monitoring affect; labor; independent directors; stock labor ... See more keywords
Estimating the value of political connections in China: Evidence from sudden deaths of politically connected independent directors
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Comparative Economics"
DOI: 10.1016/j.jce.2017.10.001
Abstract: Abstract This paper estimates the value of political connections by examining stock price reactions to sudden deaths of retired government officials who were acting as independent directors of private firms in China from 2003 to… read more here.
Keywords: political connections; independent directors; sudden deaths; value political ... See more keywords
Corporate fraud and external social connectedness of independent directors
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Corporate Finance"
DOI: 10.1016/j.jcorpfin.2017.05.014
Abstract: We examine the effects of independent directors' external social connectedness on corporate fraud commission and detection. The results show that well-connected independent directors do not affect the likelihood of fraud commission but significantly reduce the… read more here.
Keywords: external social; fraud commission; independent directors; corporate fraud ... See more keywords
Geographic distance and board monitoring: Evidence from the relocation of independent directors
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Corporate Finance"
DOI: 10.1016/j.jcorpfin.2020.101802
Abstract: Abstract In this study, we use a sample of independent directors (hereafter, IDs) in China, whose primary employers have changed during their tenure as IDs, to examine whether and how geographic distance affects the monitoring… read more here.
Keywords: geographic distance; independent directors; firm headquarters; evidence ... See more keywords
The effect of independent directors’ characteristics on firm performance: Tenure and multiple directorships
Sign Up to like & getrecommendations! Published in 2017 at "Research in International Business and Finance"
DOI: 10.1016/j.ribaf.2017.04.045
Abstract: In this paper, we analyze how the tenure and the number of directorships of independent directors may influence the relationship between board independence and firm performance. Our sample is composed of US listed firms for… read more here.
Keywords: independent directors; effect independent; firm performance; characteristics firm ... See more keywords
Do Banks Price Independent Directors’ Attention?
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Financial and Quantitative Analysis"
DOI: 10.1017/s0022109018000157
Abstract: Masulis and Mobbs (2014), (2015) find that independent directors with multiple directorships allocate their monitoring efforts unequally based on a directorship’s relative prestige. We investigate whether bank loan contract terms reflect such unequal allocation of… read more here.
Keywords: directors attention; independent directors; price independent; banks price ... See more keywords
Do competitors benefit from the resignation of politically connected independent directors? Evidence from China
Sign Up to like & getrecommendations! Published in 2021 at "Applied Economics"
DOI: 10.1080/00036846.2021.1956678
Abstract: Using a sample of Chinese listed firms in the Shanghai and Shenzhen Stock Exchange during the period of 2012–2017, this paper studies the impact of losing political resources on the competitors’ va... read more here.
Keywords: politically connected; benefit resignation; competitors benefit; resignation politically ... See more keywords
Triggering changes in corporate governance: before and after external whistleblowing
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Financial Crime"
DOI: 10.1108/jfc-06-2021-0134
Abstract: Purpose The purpose of this paper is to investigate whether a change of corporate governance occurs after financial crimes in Canada revealed through external whistleblowing. Design/methodology/approach Based on the methodology of Smaili and Arroyo (2019),… read more here.
Keywords: external whistleblowing; methodology; independent directors; corporate governance ... See more keywords