Is Busy Really Busy? Board Governance Revisited

Material TypeArticleLanguageEnglish
TitleIs Busy Really Busy? Board Governance Revisited Author(S)Christian Andres (Author)
Abstract  We investigate the relationship between firm governance and the board's position in the social network of directors. Using a sample of 133 German firms over the four-year period from 2003 to 2006, we find that firms with intensely connected supervisory boards are (1) associated with lower firm performance, and (2) pay their executives significantly more. We interpret these results as evidence of poor monitoring in firms with directors who are more embedded in the social network. ...Paginationp 1221–1246
Journal TitleJournal of Business Finance & Accounting  
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