Original paper
Do Outside Directors with Government Experience Create Value?
Abstract
We examine whether outside directors with government experience add value to their firms. We find that government directors are more likely to miss board meetings and that their appointment announcements are greeted more negatively. Firms with government directors also experience poorer operating performance and more negative merger announcement returns, although their mergers are less likely to be challenged by antitrust authorities. These...
Paper Details
Title
Do Outside Directors with Government Experience Create Value?
Published Date
Sep 7, 2017
Journal
Volume
47
Issue
2
Pages
209 - 251
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