This study contributes to the growing literatures on the importance of board expertise to their provision of counsel for management. By demonstrating that when announcing overseas investments, how a firm alleviates its liabilities of foreignness by board members possessing relevant experiences, the present work addresses the long-standing issue of what renders board the most effective. Drawing ...

This paper investigates the effects of board of director collusion on managerial incentives and firm values. Recent academic research hints at the social network of board of directors as an important conduit for coordinating corporate governance policies, such as managerial pay, and curbing competition. We study a model where managers can exert unobservable cost-cutting effort and investigate t...

The study aims to investigate the relationship between the financial incentives of board members and disclosure of corporate risk, emphasizing the levels of corporate performance and risk in Iran. The research sample includes 98 listed firms in Tehran Stock Exchange during 2011-2015 (490 years-firms); the firms have selected by using a systematic removal method. Regarding the aim, the present...

We use a bargaining framework to examine empirically the relations between director compensation and board-of-director independence. Our evidence suggests that independent directors have a bargaining advantage over the CEO that results in compensation more closely aligned with shareholders’ objectives. Firms with more outsiders on their boards award directors more equity-based compensation. Whe...

Many corporations reward their outside directors with a modest fee for each board meeting they attend. Using a large panel data set on director attendance behavior in publicly-listed firms for the period 1996–2003, we provide robust evidence that directors are less likely to have attendance problems at board meetings when board meeting fees are higher. This is surprising since meeting fees, on ...

g20 world brain mapping initiative (neuroscience/n-20) is putting brain mapping on the top of global economic issues the society for brain mapping, therapeutics, and brain mapping foundation are propelling therapeutic advances in nano-neurosurgery, nano-bio-electronics, artificial intelligence, neuro-supercomputing and ‘cross-pollination’ among the bio-medical sciences and engineering worldwide...

Female representation on boards is perhaps one of the most studied topics in board-governance research. At same time, much unknown about female directors' task engagement within boards. Drawing from psychological theory societal gender beliefs, our study tests whether impact director supervisory hinges status dynamics two relational interfaces: director–board interface and director–CEO interfac...

Recent work has considered corpus-based or statistical approaches to the problem of prepositional phrase a t tachment ambiguity. Typically, ambiguous verb phrases of the form v rip1 p rip2 are resolved through a model which considers values of the four head words (v, n l , p and 77,2). This paper shows that the problem is analogous to n-gram language models in speech recognition, and that one o...