Independent Directors

Medientyp: E-Book

Titel: Independent Directors

Beteiligte: Bhagat, Sanjai [Verfasser:in]; Black, Bernard S. [Sonstige Person, Familie und Körperschaft]

Erschienen: [S.l.]: SSRN, [2008]

Umfang: 1 Online-Ressource (10 p)

Sprache: Nicht zu entscheiden

Entstehung:

Anmerkungen: In: THE NEW PALGRAVE DICTIONARY OF ECONOMICS AND THE LAW, Peter Newman, ed., Vol. 2, pp. 283-287, 1998
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 30, 2008 erstellt

Beschreibung: We review here the evidence, principally from the United States, on the relationship between board independence and firm behavior and performance. Board composition affects board behavior on a number of discrete board tasks. However, there is no strong evidence that higher board independence predicts better firm performance.For a longer, somewhat updated survey of the evidence on board independence, see Sanjai Bhagat amp; Bernard Black, Is There a Relationship Between Board Composition and Firm Performance?, 54 Business Lawyer 921-963 (1999), available at lt;a href=http://ssrn.com/abstract=11417gt;http://ssrn.com/abstract=11417lt;/agt;.For the published version of Bhagat and Black (working paper 1997), cited in this review, see Sanjai Bhagat amp; Bernard Black, The Non-Correlation Between Board Independence and Long-Term Firm Performance, 27 Journal of Corporation Law 231-274 (2002), available at lt;a href=http://ssrn.com/abstract=133808gt;http://ssrn.com/abstract=133808.lt;/agt

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