Board tenure diversity, culture and firm risk: cross-country evidence
We examine the impact of board tenure diversity on firm risk in 37 countries. Using a difference-in-differences design facilitated by corporate board reforms across the world, we find that board tenure diversity leads to lower stock return volatility. This effect is more pronounced among firms with...
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| Main Authors: | , , , |
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| Format: | Default Article |
| Published: |
2021
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| Subjects: | |
| Online Access: | https://hdl.handle.net/2134/30609293.v1 |
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