| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12317 |
| DP12317 The Inner Workings of the Board: Evidence from Emerging Markets | |
| Daniel Ferreira; Ralph De Haas; Tom Kirchmaier | |
| 发表日期 | 2017-09-20 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We survey non-executive directors in emerging markets to obtain detailed information about the inner workings of corporate boards across a variety of institutional settings. We document substantial variation in the structure and conduct of boards as well as in directors’ perceptions about the local legal environment. Further analysis indicates that directors who feel adequately empowered by local legislation are less likely to actively vote against board proposals. They also form boards that play a stronger role in the company’s strategic decision-making. This suggests that a supportive legal environment allows directors to focus more on their advisory, as opposed to their monitoring, role. |
| 主题 | Financial Economics |
| 关键词 | Boards of directors Corporate governance Emerging markets |
| URL | https://cepr.org/publications/dp12317 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541127 |
| 推荐引用方式 GB/T 7714 | Daniel Ferreira,Ralph De Haas,Tom Kirchmaier. DP12317 The Inner Workings of the Board: Evidence from Emerging Markets. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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