| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5086773 | Journal of Accounting and Economics | 2012 | 28 Pages |
Abstract
⺠About 13% of large U.S. public corporations have foreign independent directors (FIDs). ⺠FIDs help firms make better cross-border acquisitions. ⺠FIDs reduce board effectiveness in monitoring, incentivizing, and disciplining CEOs. ⺠The average effect of FIDs on firm performance is negative. ⺠FIDs contribute more to a firm's performance as its operation in the FID's home region grows.
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Accounting
Authors
Ronald W. Masulis, Cong Wang, Fei Xie,