This study investigates the association between independent directors’ reputation incentives and firm performance using Australia’s top 500 listed firms for 2004-2019. Analyses reveal that firm performance is positively (negatively) associated with the proportion of independent directors...

This paper extends the literature on busyness of directors (board) and bank performance on emerging markets. We argue that a quadratic model parsimoniously captures the tension between the ‘reputation hypothesis’ and ‘over-boarding hypothesis. We find a robust inverted u-shaped...