Finance Seminar by Prof. Seoyoung Kim from Santa Clara University.
Research Seminars
Prof. Seoyoung Kim, Assistant Professor , Santa Clara UniversityProf. Seoyoung Kim from Santa Clara University
December 2, 2014
| 3:00 PM - 4:30 PM | Tuesday
AC2 MLT, Hyderabad Campus., Gachibowli, Hyderabad, Hyderabad, India, 500 111
Open to Public
Dear All,
Prof. Seoyoung Kim from Santa Clara University will present a research talk on the 2nd of December from 3.00 pm to 4.30 pm.
Venue : AC2 MLT, Level-1, Hyderabad Campus.
Title : Directors’ decision-making involvement on corporate boards.
Abstract : Using the full set of committee memberships for the directors of Fortune 100 firms (which I collect from annual proxy statements), I introduce a measure to capture the extent of a director’s involvement in making decisions that affect corporate policy. I document substantial variation in directors’ decision-making power both within and across boards, and I provide evidence that this more nuanced yet systematically available measure yields more powerful and better specified tests in examining the link between board composition, accounting performance metrics, and shareholder value. Overall, I argue that incorporating these differences in decision-making power has important implications for studies in corporate governance.
