| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14486 |
| 来源ID | Working Paper 14486 |
| The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey | |
| Renée Adams; Benjamin E. Hermalin; Michael S. Weisbach | |
| 发表日期 | 2008-11-13 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | This paper is a survey of the literature on boards of directors, with an emphasis on research done subsequent to the Hermalin and Weisbach (2003) survey. The two questions most asked about boards are what determines their makeup and what determines their actions? These questions are fundamentally intertwined, which complicates the study of boards due to the joint endogeneity of makeup and actions. A focus of this survey is on how the literature, theoretical as well as empirically, deals - or on occasions fails to deal - with this complication. We suggest that many studies of boards can best be interpreted as joint statements about both the director-selection process and the effect of board composition on board actions and firm performance. |
| 主题 | Financial Economics ; Corporate Finance ; Industrial Organization ; Firm Behavior |
| URL | https://www.nber.org/papers/w14486 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572161 |
| 推荐引用方式 GB/T 7714 | Renée Adams,Benjamin E. Hermalin,Michael S. Weisbach. The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14486.pdf（503KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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