Stock market reactions to news of cartel prosecutions are muted when indicted firms have a high proportion of independent directors serving on their boards. This finding is robust to self-selection and is more pronounced ...

Stock market reactions to news of cartel prosecutions are muted when indicted firms have a highproportion of independent directors serving on their boards. This finding is robust to self-selectionand is more pronounced ...

A importância do cumprimento de regras de governança corporativa pelas empresas é um assunto recorrente em trabalhos acadêmicos em muitos países devido ao interesse do assunto por gestores, investidores, reguladores, entre ...

This paper contributes to the corporate governance and innovation literature by providing empirical evidence with respect to the influence of composition of the board and its leadership structure on innovation. Also, this ...

In the last two decades Corporate Governance has gained the deserved relevance. The Board of Directors is considered a central mechanism for good corporate governance practices, considering its role of mitigating agency ...

What determines the composition of companies' boards in the context of high ownership concentration? Are independent directors important as an internal governance mechanism in companies with high ownership concentration? ...

This work’s subject is to enrich the debate concerning the role of Independent Directors in Brazilian companies. Independent Directors are one of the main instruments of corporate governance, and are mandatory for companies ...

We analyse the profile of the boards of directors of 142 Brazilian publicly-held companies in 1999. Directors were divided into four distinct categories, following Bhagat and Black (2000 Working Paper no. 143, Columbia Law ...