Board independence and firm value: A quasi-natural experiment using Taiwanese data

We examine the impact on firm value of independent directors based on Taiwanese firms. Using the changes in independent director composition mandated by the Amendments of Security and Exchange Act in Taiwan as a quasi-natural experiment, we document the arguably causal and negative effect of indepen...

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Bibliographic Details
Main Authors: Yaoyao Fan, Yuxiang Jiang, Mao-Feng Kao, Hong Liu
Format: Default Article
Published: 2020
Subjects:
Independent directors
Firm value
Regulatory changes
Taiwanese firms
Online Access:https://hdl.handle.net/2134/12111453.v1
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