Corporate board composition, protocols, and voting behavior: Experimental evidence
We examine voting by a board designed to mitigate conflicts of interest between privately informed insiders and owners. Our model demonstrates that, as argued by researchers and the business press, boards with a majority of trustworthy but uninformed "watchdog" agents can implement institu...
| Main Authors: | , , |
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| Format: | Journal article |
| Published: |
2003
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