Board Dynamics : A Structural Investigation

Research output: Conference Papers › RGC 32 - Refereed conference paper (without host publication) › 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

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DOI

DOI
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Permanent Link https://scholars.cityu.edu.hk/en/publications/publication(3c3f8073-a520-4cef-87f5-fb0b82abaf4b).html

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.

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Publication fingerprints text

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Measure of Dispersi... Economics, Econometrics a...
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Board Structure Economics, Econometrics a...
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dynamics INIS
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investigations INIS
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simulation INIS
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variations INIS
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Structural Investig... Keyphrases
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Board Independence Keyphrases
100
Board Dynamics Keyphrases
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CEO Ability Keyphrases
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Citation Format(s)

[ RIS ] [ BibTeX ]
Board Dynamics: A Structural Investigation. / LEE, Wei Ming.
2014. Paper presented at 2014 Financial Management Association Annual Meeting, Nashville, Tennessee, United States.

Research output: Conference Papers › RGC 32 - Refereed conference paper (without host publication) › peer-review