Huang, Hsu-Huei; Hsu, Paochung; Khan, Haider A.; Yu, Yun-Lin - In: Emerging Markets Finance and Trade 44 (2008) 3, pp. 66-80
We examine stock market reactions to the announcement of outside director appointments in Taiwan. Our empirical findings indicate significantly positive reactions to such announcements, as cumulative abnormal returns reach 4.776 percent. We also find that abnormal returns are positive and higher...
