Coopting the board through status differential


u3002145 - Posted on 17 November 2016

Project Description: 

This is my proposed thesis topic, and I am on my fourth year working on it.

Research questions:
Do firms with high ownership concentration maintain control of their boards through appointing lower status independent directors (IDs)?

Do lower status board appointments cause worse firm outcomes?

I am using social network measures of status, using multiple relationships, multiple years, and weights for information access.

Researcher name: 
Gary C. Biddle
Researcher position: 
Advisor
Researcher department: 
School of Business
Researcher email: 
Research Project Details
Project Duration: 
11/2013 to 07/2019
Project Significance: 
The independence of directors is a hallmark corporate governance provision but its effectiveness in curbing agency costs has limited evidence, with endogenous difficulties. I have an exogenous event and a unique data set in which I can investigate when and if independent directors effect finacial reporting.
Results Achieved: 
in analysis phase now