Exploiting a novel data set in which the presence of a staggered board is identified through advanced machine learning algorithms and textual analysis, we explore how corporate carbon emissions are affected by staggered boards (or classified boards), which represent one of the most controversial...

We explore the effect of economic policy uncertainty on board gender diversity. Prior research shows that female directors play a beneficial role. The advantage of board gender diversity should be particularly helpful when firms have to navigate an uncertain environment. So, we hypothesize that...

Purpose: Exploiting a novel measure of innovation, we investigate whether independent directors improve innovation efficiency. This novel measure of innovation captures the extent to which the firm generates revenue from its R&D and is therefore more economically meaningful. We also employ a...