The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey
Open accessAbstract
This paper is a survey of the literature on boards of directors, with an emphasis on research done subsequent to the Benjamin E. Hermalin and Michael S. Weisbach (2003) survey. The two questions most asked about boards are what determines their makeup and what determines their actions? These questions are fundamentally intertwined, which complicates the study of boards because makeup and actions are jointly endogenous. A focus of this survey is how the literature, theoretical as well as empirical, deals—or on occasions fails to deal—with this complication. We suggest that many studies of boards can best be interpreted as joint statements about both the director-selection process and the effect of board composition on board actions and firm performance. (JEL G34, L25)
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Cites
Corporate Governance and Equity Prices
Gompers, P., Ishii, J., & Metrick, A. (2003) · The Quarterly Journal of Economics · doi:10.1162/00335530360535162 · Cited by 6,120
Managerial Incentive Problems: A Dynamic Perspective
Holmstrom, B. (1999) · Review of Economic Studies · doi:10.1111/1467-937x.00083 · Cited by 3,172
Classified boards, firm value, and managerial entrenchment
Faleye, O. (2007) · Journal of Financial Economics · doi:10.1016/j.jfineco.2006.01.005 · Cited by 550
Undoing the powerful anti-takeover force of staggered boards
Guo, R.-J., Kruse, T. A., & Nohel, T. (2008) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2008.03.007 · Cited by 113
Cited by
Behind the Scenes: The Corporate Governance Preferences of Institutional Investors
McCAHERY, J. A., SAUTNER, Z., & STARKS, L. T. (2016) · The Journal of Finance · doi:10.1111/jofi.12393 · Cited by 1,494
Corporate immunity to the COVID-19 pandemic
Ding, W., Levine, R., Lin, C., & Xie, W. (2021) · Journal of Financial Economics · doi:10.1016/j.jfineco.2021.03.005 · Cited by 1,484
The role of information and financial reporting in corporate governance and debt contracting
Armstrong, C. S., Guay, W. R., & Weber, J. P. (2010) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2010.10.001 · Cited by 1,494
Velez-Calle, A. (2018) · No Publisher Supplied · doi:10.7282/t3-8zsd-a782 · Cited by 4
Artificial intelligence (AI) and corporate governance: Evidence from board size
Chatjuthamard, P., Jiraporn, P., & Lee, S. M. (2026) · Journal of Behavioral and Experimental Finance · doi:10.1016/j.jbef.2026.101144 · Cited by 4
Metadata
- Authors
- Adams, R. B., Hermalin, B. E., & Weisbach, M. S.
- Venue
- Journal of Economic Literature
- Publisher
- American Economic Association
- Published
- 2010-03-01
- Volume
- 48
- Issue
- 1
- Pages
- 58-107
- ISSN
- 0022-0515 (ISSN-L)
- OpenAlex
- W2109341202
- Cited by
- 2,358
- References
- 4
- FWCI
- 396.16
- Type
- journal article
- Language
- en
- Open access
- gold
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