Market Reaction to Voluntary and Mandatory Announcements of Independent Director Appointments

Market Reaction to Voluntary and Mandatory Announcements of Independent Director Appointments

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In this paper, we use a unique natural experimental setting to examine the market value of both voluntary and mandatory independent director appointments using a sample of Taiwanese listed firms. We find a significantly positive stock price reaction when a firm announces it is appointing independent...

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Bibliographic Details
Main Authors: Hueh-Chen Lin, Chin-Sheng Huang, Jack J. W. Yang
Format: Article
Language:English
Published: EconJournals 2015-03-01
Series:International Journal of Economics and Financial Issues
Subjects:
corporate governance
board independence
independent director
mandatory appointment
Online Access:https://dergipark.org.tr/tr/pub/ijefi/issue/31967/352111?publisher=http-www-cag-edu-tr-ilhan-ozturk

Internet

https://dergipark.org.tr/tr/pub/ijefi/issue/31967/352111?publisher=http-www-cag-edu-tr-ilhan-ozturk

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