The Determinants of Board Structure

  title={The Determinants of Board Structure},
  author={James S. Linck and J. Netter and Tina C. Yang},
  journal={Journal of Financial Economics},
  • James S. Linck, J. Netter, Tina C. Yang
  • Published 2005
  • Business
  • Journal of Financial Economics
  • Using a comprehensive sample of nearly 7,000 firms from 1990 to 2004, this paper examines corporate board structure, its trends, and its determinants. We study how board structure has evolved over time and, more importantly, we compare board structure across small and large firms in ways suggested by recent theoretical work. Overall, our evidence suggests that firms structure their boards in response to the costs and benefits of the board's monitoring and advising roles. Our models explain as… CONTINUE READING
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