Abstract
Corporate governance literature argues that the board of directors performs three roles: monitoring the corporation, advising and providing services to management, and gaining access to critical resources. Previous empirical studies on IPO outcomes have typically focused on a single board role and/or examined IPOs in a single country. This study examines all three roles in nineteen different countries and demonstrates that all three roles are important for understanding IPO returns.
Original language | English |
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Publication status | Published - 16 Aug 2011 |
Event | Academy of Management Annual Meeting 2011 - San Antonio, Texas, USA Duration: 16 Aug 2011 → … |
Conference
Conference | Academy of Management Annual Meeting 2011 |
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Period | 16/08/11 → … |