Board Dynamics : A Structural Investigation
Research output: Conference Papers (RGC: 31A, 31B, 32, 33) › 32_Refereed conference paper (no ISBN/ISSN) › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
| Original language | English |
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| Publication status | Published - Oct 2014 |
Conference
| Title | 2014 Financial Management Association Annual Meeting |
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| Place | United States |
| City | Nashville |
| Period | 15 - 18 October 2014 |
Link(s)
| DOI | DOI |
|---|---|
| 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.
Citation Format(s)
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: 31A, 31B, 32, 33) › 32_Refereed conference paper (no ISBN/ISSN) › peer-review
