Board Dynamics : A Structural Investigation

Research output: Conference Papers (RGC: 31A, 31B, 32, 33)32_Refereed conference paper (no ISBN/ISSN)peer-review

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Original languageEnglish
Publication statusPublished - Oct 2014

Conference

Title2014 Financial Management Association Annual Meeting
PlaceUnited States
CityNashville
Period15 - 18 October 2014

Abstract

This paper examines how CEO characteristics affect board structure through structural estimation. I find a negative relation between board independence and CEO ability. This relation is strong when CEO ability is low, but it is weak on average. Further, when I restrict CEO ability to be the only CEO characteristic that can cause variation in board independence, the standard deviation of board independence in the simulated sample is less than 50% of its empirical counterpart. These results explain the reasons for the insignificant relation between board independence and CEO ability within a regression framework.

Citation Format(s)

Board Dynamics : A Structural Investigation. / LEE, Wei Ming.

2014. Paper presented at 2014 Financial Management Association Annual Meeting, Nashville, United States.

Research output: Conference Papers (RGC: 31A, 31B, 32, 33)32_Refereed conference paper (no ISBN/ISSN)peer-review