TITLE

Do Active Boards of Directors Add Value to Their Firms?

AUTHOR(S)
Xiaodong Qiu; Largay, III, James A.
PUB. DATE
February 2011
SOURCE
Academy of Management Perspectives;Feb2011, Vol. 25 Issue 1, p98
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article presents an overview of a study in the United States concerning the value of active boards of directors to their firms. Researchers Ivan Brick of Rutgers University and N. K. Chidambaran of Fordham University examined the effect of board activity on firm value, the determinants of board activity, and the impact of the 2002 Sarbanes-Oxley Act. The discussion focuses on the positive impact board activity has on the company's value, firm performance and governance characteristics as determinants of board activity, and the idea that the Sarbanes-Oxley Act led to a higher level of the board's monitoring of top management which in turn enhanced the corporation's value.
ACCESSION #
59198455

 

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