政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/130815

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 109952/140887 (78%)
Visitors : 46302861 Online Users : 1355

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 財務管理學系 > 期刊論文 > Item 140.119/130815

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/130815

Title:	Board Structure, Director Expertise, and Advisory Role of Outside Directors
Authors:	陳聖賢 Chen, Sheng-Syan Chen, Yan-Shing Kang, Jun-Koo Peng, Shu-Cing
Contributors:	財管系
Keywords:	Permanent normal trade relations;China-related experience;Board structure;Advisory role;Investment decision;Announcement return;Operating performance;Director labor market
Date:	2019-01
Issue Date:	2020-07-30 14:30:32 (UTC+8)
Abstract:	We investigate how a shock to corporate demand for experienced directors (i.e., U.S. Congress’ grant of Permanent Normal Trade Relations status to China in 2000) affects U.S. firms’ board structure and board advisory role. We find that firms appoint more outside directors with China-related experience after the grant. Firms with such directors realize higher returns around announcements of investments involving Chinese firms and better post-deal operating performance, particularly when these directors reside in the U.S. The appointment of directors with China experience is also greeted more positively by the stock market and they gain more board seats after the grant.
Relation:	Journal of Financial Economics
Data Type:	article
DOI 連結:	http://dx.doi.org/10.2139/ssrn.3128764
DOI:	10.2139/ssrn.3128764
Appears in Collections:	[財務管理學系] 期刊論文

Files in This Item:

File	Description	Size	Format
35.pdf		887Kb	Adobe PDF2	189	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...