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We investigate the importance of board expertise by analyzing the role of “directors from related industries” (DRIs) on a firm's board. DRIs are officers and/or directors of companies in the upstream (supplier) or downstream (customer) industries of the firm. About 40% of firm-years in our...
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We investigate the importance of board expertise by analyzing the role of “directors from related industries” (DRIs) on a firm's board. DRIs are officers and/or directors of companies in the upstream (supplier) or downstream (customer) industries of the firm. About 40% of firm-years in our...
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