Commitment or Entrenchment?: Controlling Shareholders and Board Composition

@article{Yeh2004CommitmentOE,
  title={Commitment or Entrenchment?: Controlling Shareholders and Board Composition},
  author={Yin-Hua Yeh and Tracie Woidtke},
  journal={Organizations \& Markets eJournal},
  year={2004}
}
This paper examines the determinants of board composition and firm valuation as a function of board composition in Taiwan - a country that features relatively weak protection for investors, firms with controlling shareholders, and pyramidal groups. The results suggest that there is poor governance when the board is dominated by members who are affiliated with the controlling family but good governance when the board is dominated by members who are not affiliated with the controlling family. In… Expand
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