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Adams (2017): “Boards, and the Directors Who Sit On Them”
Handbook of the Economics of Corporate Governance, Volume 1
Weisbach (1988): “Outside Directors and CEO Turnover”
Journal of Financial Economics
Yermack (1996): “Higher Market Valuation of Companies With a Small Board of Directors”
Journal of Financial Economics
Coles, Daniel, and Naveen (2008): “Boards: Does One Size Fit All?”
Journal of Financial Economics
Fich and Shivdasani (2006): “Are Busy Boards Effective Monitors?”
Journal of Finance
Coles, Daniel, and Naveen (2014): “Co-opted Boards”
Review of Financial Studies
Ahern and Dittmar (2012): “The Changing of the Boards: The Impact On Firm Valuation of Mandated Female Board Representation”
Quarterly Journal of Economics
Does Gender Diversity on Boards Really Boost Company Performance? (Katherine Klein)
- Non-technical summary of the findings of hundreds of studies on the link between diversity and firm performanceResponse to the UK Corporate Governance Code consultation (Alex Edmans)
- Highlights the basic flaws in frequently-quoted evidence that diversity improves firm performance, but argues that diversity is desirable even if without such evidenceWorkers on boards: momentum builds, but the jury's out (Tom Gosling)
- There’s causal evidence that employee directors lead to worker jobs being protected in a downturn and worker wages falling to compensate for this insurance