Corporate Governance and Firm Value in Italy : How Directors and Board Members Matter
Buchetti, Bruno.
Corporate Governance and Firm Value in Italy : How Directors and Board Members Matter by Bruno Buchetti - 1st ed. 2021. - 1 recurso en línea - Contributions to Finance and Accounting 2730-6046 .
Introduction -- Board composition and its heterogeneity -- Directors' characteristics and firm's performance: research design and hypotheses -- Family firms board characteristics -- Econometric analysis -- Conclusions.
This book expands on the literature on the characteristics of management boards by especially focusing on family-listed and family-controlled companies, as they are ideal for studying board heterogeneity. It uses specific multidimensional indices and in-depth econometric analysis to introduce new variables, such as international experience, that represent a source of competitive advantage for firms in today's globalized world. In addition, by examining the heterogeneity ratio and the representation of independent and family directors, the book demonstrates how family-controlled firms use independent directors to import their heterogeneous expertise. The book makes a threefold contribution: for regulators, it offers suggestions on improving the quality of reporting in family-controlled firms; for researchers, it demonstrates the importance of including directors' characteristics apart from the firm-specific factors in their analyses; and for practitioners, it shows that selecting directors with specific characteristics can have a substantial impact on firms' performance. .
9783030562397
10.1007/978-3-030-56239-7 doi
HD28-70 / 2021 EB
Corporate Governance and Firm Value in Italy : How Directors and Board Members Matter by Bruno Buchetti - 1st ed. 2021. - 1 recurso en línea - Contributions to Finance and Accounting 2730-6046 .
Introduction -- Board composition and its heterogeneity -- Directors' characteristics and firm's performance: research design and hypotheses -- Family firms board characteristics -- Econometric analysis -- Conclusions.
This book expands on the literature on the characteristics of management boards by especially focusing on family-listed and family-controlled companies, as they are ideal for studying board heterogeneity. It uses specific multidimensional indices and in-depth econometric analysis to introduce new variables, such as international experience, that represent a source of competitive advantage for firms in today's globalized world. In addition, by examining the heterogeneity ratio and the representation of independent and family directors, the book demonstrates how family-controlled firms use independent directors to import their heterogeneous expertise. The book makes a threefold contribution: for regulators, it offers suggestions on improving the quality of reporting in family-controlled firms; for researchers, it demonstrates the importance of including directors' characteristics apart from the firm-specific factors in their analyses; and for practitioners, it shows that selecting directors with specific characteristics can have a substantial impact on firms' performance. .
9783030562397
10.1007/978-3-030-56239-7 doi
HD28-70 / 2021 EB