Plausibly Exogenous [1195] - Board Attention (05/11/2023)
LHS Variable
Shareholder value
RHS Variable
Attention by the board
Source of Exogenous Variation
Deaths of directors and chief executive officers as a natural experiment to generate exogenous variation in the time and resources available to independent directors at interlocked firms
- Falato, Kadyrzhanova, and Lel (2014), “Distracted directors: Does board busyness hurt shareholder value?”