Abstract

http://ssrn.com/abstract=1139191
 
 

References (31)



 
 

Citations (2)



 


 



Independent Directors


Sanjai Bhagat


University of Colorado at Boulder - Department of Finance

Bernard S. Black


Northwestern University - School of Law; Northwestern University - Kellogg School of Management; European Corporate Governance Institute (ECGI)

May 30, 2008

THE NEW PALGRAVE DICTIONARY OF ECONOMICS AND THE LAW, Peter Newman, ed., Vol. 2, pp. 283-287, 1998

Abstract:     
We review here the evidence, principally from the United States, on the relationship between board independence and firm behavior and performance. Board composition affects board behavior on a number of discrete board tasks. However, there is no strong evidence that higher board independence predicts better firm performance.

For a longer, somewhat updated survey of the evidence on board independence, see Sanjai Bhagat & Bernard Black, Is There a Relationship Between Board Composition and Firm Performance?, 54 Business Lawyer 921-963 (1999), available at http://ssrn.com/abstract=11417.

For the published version of Bhagat and Black (working paper 1997), cited in this review, see Sanjai Bhagat & Bernard Black, The Non-Correlation Between Board Independence and Long-Term Firm Performance, 27 Journal of Corporation Law 231-274 (2002), available at http://ssrn.com/abstract=133808.

Number of Pages in PDF File: 10

Keywords: boards of directors, independent directors

Accepted Paper Series


Download This Paper

Date posted: August 6, 2008  

Suggested Citation

Bhagat, Sanjai and Black, Bernard S., Independent Directors (May 30, 2008). THE NEW PALGRAVE DICTIONARY OF ECONOMICS AND THE LAW, Peter Newman, ed., Vol. 2, pp. 283-287, 1998. Available at SSRN: http://ssrn.com/abstract=1139191

Contact Information

Sanjai Bhagat
University of Colorado at Boulder - Department of Finance ( email )
Campus Box 419
Boulder, CO 80309
United States
303-492-7821 (Phone)
Bernard S. Black (Contact Author)
Northwestern University - School of Law ( email )
375 E. Chicago Ave
Unit 1505
Chicago, IL 60611
United States
512-503-2784 (Phone)

Northwestern University - Kellogg School of Management
2001 Sheridan Road
Evanston, IL 60208
United States
847-491-5049 (Phone)
European Corporate Governance Institute (ECGI)
Brussels
Belgium
Feedback to SSRN


Paper statistics
Abstract Views: 3,176
Downloads: 847
Download Rank: 13,762
References:  31
Citations:  2

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo3 in 0.547 seconds