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Recent surveys show that 24% of independent directors in Russel 3,000 firms have continuously served on their boards for fifteen years or more. Based on a sample of S&P 1500 firms over the period 1998-2012, we document strong positive effects on financial performance for firms with one, very...
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We examine the impact of the social attachment through age similarity between the independent directors and the CEO on earnings management. Using changes in independent director composition due to director death and retirement for identification, we find that firms with the presence of the...
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Corporate downsizing and CEO compensation / Alexandros P. Prezas, Murat Tarimcilar, Gopala K. Vasudevan -- The external monitoring bodies' view of the board independence in the new public family firms / Imants Paeglis, Dogan Tirtiroglu -- Ownership structure, financial rent and performance :...
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