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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...
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This study examines whether a firm's appointment of a problem director could lead to a stock price crash. We argue that an appointment of a problem director is the information "tipping point," which signifies governance failure and other potentially concealed firm-specific bad news that...
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