Both authors contributed equally to the paper. The helpful comments of Ron Burt, Jerry Davis, Ranjay Gulati, Paul Hirsch, Mark Shanley, and Brian Uzzi are appreciated. This study seeks to reconcile traditional sociological views of the corporate board as an instrument of elite cohesion with recent evidence of greater board activism and control over top management. We propose that CEO-directors ...

In this study, the impact of corporate social responsibility (CSR ) disclosure on idiosyncratic risk has been investigated concerning three stakeholder theory, information asymmetry, and risk management. It also goes further and explores the impact of some corporate governance mechanisms such as ownership structure, board characteristics, and incentive contracts on this relationship. To achieve...

The new NYSE rules for corporate governance require the audit committee to discuss and review the firm’s risk assessment and hedging strategies. They also put additional requirements for the composition and the financial knowledge of the directors sitting on the board and on the audit committee. In this paper, we investigate whether these new rules as well as those set by the Sarbanes Oxley act...

the asian financial crisis in 1997 has awakened the regulators and corporates on the importance of corporate governance. according to agency theory, a good corporate governance system is necessary for more transparent information disclosure about the corporation. accordingly, the objective of this study is evaluating the level of disclosure in banks and examine the relationship between some fea...

The study investigates the association between board independence, directors' ownership, and organisational profitability. To illustrate links, case of listed nonfinancial enterprises on Dhaka Stock Exchange 2015 2019 is examined. effectively manage concern endogeneity, generalized method moments (GMM) used as econometric techniquein this research. reveals that independence has a negative signi...

External network ties between CEOs and directors in major U.S. corporations may limit the e¤ectiveness of internal corporate governance. Using comprehensive biographical data on the managers and directors of S&P 1500 companies, we identify connections between directors and their …rms’CEOs through external directorships, past employment, education, and other activities (e.g. golf clubs or charit...

The purpose of this study was to determine the effects education and composition Board Directors on performance firms listed at Bombay Stock Exchange (BSE). target population explanatory research comprises top performers service sector Exchange. secondary data from financial statements annual reports companies covering year 2015-19 considered for study. correlation matrix linear regression anal...

The goal of corporate spin-offs, as a restructuring technique, is to create better value for both the divesting firm and its subsidiary/ division. These transactions lead creation independent, publicly traded entities, which are called spun-off subsidiaries. In this study, we examine effect board independence directors’ industry experience on market performance subsidiaries by setting two main ...

the aim of this research was to study those economic barriers influencing foreign investment attraction in iran football industry. the statistical population consisted of all managers and board of directors of the clubs of the premier league, board of directors of football federation and former directors of football (n=240). 148 subjects were selected as the sample by morgan table and completed...