It is generally held that the choice of size and composition of the board of directors is endogenous to firm and recent theoretical models support this contention. This article focuses on the factors that might explain the size and composition of the board using a unique sample of the larger...

This study analyses the process of mean reversion towards purchasing power parity (PPP) for a sample of Asian countries around the 1997 crisis. It is found that appreciation relative to PPP is evident prior to the 1997 crash period. Correction occurs from 1997 onwards, a period marked by extreme...