Purpose: Exploiting an exogenous regulatory shock and a novel measure of asset redeployability, we explore the effect of independent directors on asset redeployability. In particular, we employ an innovative measure of asset redeployability recently developed by Kim and Kung (2017). This novel...

Exploiting a novel measure of corporate culture based on cutting-edge machine learning algorithms, we examine how female board representation influences a culture of innovation, and also whether female directors spur innovation culture in the presence of an active takeover market. Our results...