We link genetic diversity in the country of origin of the firms’ board members with corporate performance via board members’ nationality. We hypothesize that our approach captures deep-rooted differences in cultural, institutional, social, psychological, physiological, and other traits that cannot be captured by other recently measured indices of diversity. Using a panel of firms listed in the ...

Board interlocks are frequently examined as conduits of practices between firms. I propose that variance among the individual directors who create these linkages affects the likelihood information is transmitted across them. Further, I discuss organizational characteristics that shape how receptive a board is to the diffusion of practices. I conceptualize a model to investigate, first, which di...

Purpose of this study is to investigate the relation between board monitoring and firm performance after controlling the endogeneity and multicollinearity problem that exist in most corporate governance research. Prior studies failed to establish any significant relationship between board monitoring and firm performance because of not properly control for endogeneity and multicollinearity probl...

This study examines the relation between board characteristics and firm performance among life insurance companies in Thailand. Prior research suggests that boards of directors play a critical role in monitoring non-financial companies in Thailand. However, it is possible that board characteristics are not important in the life insurance industry due to the nature of business and the effect of ...

The boards of directors represents the interests of shareholders and shoulder the task of monitoring managements’ actions, protecting shareholder interests, and overseeing the activities of the company. Despite the large stream of academic research on board efficacy there exists a lack of well-developed theory about the interrelationship of attributes that lead to an effective board of director...

The board of directors is the most important decision-making body in a corporation. Boards are responsible for approving major strategic and financial decisions, such as mergers and acquisitions (M&As) and changes in capital structure, and also for the most important task of all, which is to hire and fire top executives. Not surprisingly, substantial research focuses on the workings of corporat...

In this paper, we investigate whether a regulation that mandates a greater proportion of outside directors on a corporate board results in a more independent board. Instead of taking the fraction of outside directors directly as the measure of board independence, we define it as the nominal independence level. The real independence level of the board is determined by both the nominal independen...