How outside directors’ human and social capital create value for corporate international investments
Abstract
Grounded in theories of resource dependence, vicarious and superstitious learning, information processing, and board group literature, this study examines how outside directors’ human and social capital affect the value of corporate foreign direct investments. We employ the event study approach to examine 1210 international investment cases of 836 US firms over a 13-year period. We find significant but distinct non-linear impacts of board...
Paper Details
Title
How outside directors’ human and social capital create value for corporate international investments
Published Date
Feb 1, 2019
Journal
Volume
54
Issue
2
Pages
93 - 106
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