Paper Type - Research Paper.Purpose - With boards of directors playing both monitoring and guidance roles, we examine the impact of board structure on firm value in large US and UK firms using the lenses of agency and resource dependence theories. Design/Methodology/Approach - Using a sample of...

Research Question/Issue: The origins of the global financial crisis have been attributed to the combination of a housing price bubble, innovative financial instruments as well as the lack of restraint by corporate executives and boards to engage in excessive risk-taking. The rise in subprime...

Ownership has been identified as a key mechanism in corporate governance. Agency theory suggests that high levels of ownership provide increased incentive for shareholders to monitor firm management which should lead to better firm performance. However, not every shareholder may have the same...