Reformists argue that Japanese firms maintain inefficiently few outside directors, while theory suggests market competition should drive firms toward their firm-specifically optimal board structure (if any). The debate suggests three testable hypotheses. First, perhaps board composition does not matter. If so, then firm performance will show no relation to board structure, but outsiders will be randomly distributed across firms. Second, perhaps boards matter, but many have suboptimal numbers of outsiders. If so, then firms with more outsiders should outperform those with fewer. Last, perhaps board matter, but market constraints drive firms toward their firm-specific optimum. If so, then firm characteristics will determine board structure, b...
In this paper, I analyze the optimal choice of board of directors using the dual- role model of boar...
The pervasive role of outside directors in the legal environment can explain much of the contempora...
This paper evaluates the numerous sources about Japanese board of directors in the drastically chang...
Abstract: Although reformers often claim Japanese firms appoint inefficiently few outside directors...
We analyse the structure of corporate boards in Japan to determine whether they are matched to each ...
This paper estimates the determinants of appointments of 'outsiders' -- directors previously employe...
Between 1993 and 2000 at least 18 countries saw publication of guidelines that propose minimum repre...
This study examines the significance of corporate governance mechanisms during the corporate governa...
The authors investigate whether outside directors effectively monitor management in the interest of ...
This paper examines the nature and the role of Japanese board of directors and thereby reveals the f...
After reviewing the legal changes beginning in 2002 in the U. S. and elsewhere, this studyexamines t...
This paper analyses two pronounced features of Japanese corporate governance : large corporate board...
This paper analyses two pronounced features of Japanese corporate governance--large corporate boards...
Between 1993 and 2000 at least 18 countries saw publication of guidelines that propose minimum repre...
Working paper on INCAS blog : https://incas.hypotheses.org/Licensed professionals, such as accountan...
In this paper, I analyze the optimal choice of board of directors using the dual- role model of boar...
The pervasive role of outside directors in the legal environment can explain much of the contempora...
This paper evaluates the numerous sources about Japanese board of directors in the drastically chang...
Abstract: Although reformers often claim Japanese firms appoint inefficiently few outside directors...
We analyse the structure of corporate boards in Japan to determine whether they are matched to each ...
This paper estimates the determinants of appointments of 'outsiders' -- directors previously employe...
Between 1993 and 2000 at least 18 countries saw publication of guidelines that propose minimum repre...
This study examines the significance of corporate governance mechanisms during the corporate governa...
The authors investigate whether outside directors effectively monitor management in the interest of ...
This paper examines the nature and the role of Japanese board of directors and thereby reveals the f...
After reviewing the legal changes beginning in 2002 in the U. S. and elsewhere, this studyexamines t...
This paper analyses two pronounced features of Japanese corporate governance : large corporate board...
This paper analyses two pronounced features of Japanese corporate governance--large corporate boards...
Between 1993 and 2000 at least 18 countries saw publication of guidelines that propose minimum repre...
Working paper on INCAS blog : https://incas.hypotheses.org/Licensed professionals, such as accountan...
In this paper, I analyze the optimal choice of board of directors using the dual- role model of boar...
The pervasive role of outside directors in the legal environment can explain much of the contempora...
This paper evaluates the numerous sources about Japanese board of directors in the drastically chang...