Pascual-Fuster, Bartolomé; Crespí Cladera, Rafel - In: Business research quarterly : BRQ 25 (2022) 2, pp. 193-209
Based on the optimal board independence theory, we analyze how Spanish listed firms determine the presence of genuine … independence determinants as if both provided real board independence. Results are not affected by the number and the type of … unsatisfied independence criteria, nor by the firm's achievement of regulators' recommended level of board independence. Therefore …