Board composition, CEO turnover and firm value
This paper tests the effect of an exogenous shock, the Sarbanes-Oxley Act (SOX) of 2002, on the structure of corporate boards and their efficiency as a monitoring mechanism. The results suggest an increase in the participation of independent directors at the expense of insiders. Consequently, we inv...
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| Format: | article |
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2016
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| Online Access: | http://hdl.handle.net/10725/5288 http://dx.doi.org/10.1504/IJFSM.2016.080118 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://www.inderscienceonline.com/doi/abs/10.1504/IJFSM.2016.080118 |
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