Because of the importance of board members’ resource provision and monitoring, a substantial body of research has been devoted to ascertaining how directors can be incented to perform their responsibilities. We use social exchange theory to empirically examine how board members’ resource...

This study develops a model in order to study in depth the relationship between investment and firm value. This model is estimated by using panel data methodology, obtaining results for Spanish firms. These results indicate a direct but inversely proportional relationship between the volume of...

This work examines the influences of ownership concentration and insider ownership on corporate strategies for diversification within a scenario characterized by poor protection of shareholder interests. We find evidence of a quadratic relationship between ownership concentration and...