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The Value of Firm Networks: A Natural Experiment on Board Connections
(2020-04-13)
This paper presents causal evidence of the effects of boardroom networks on firm value and compensation policies. We exploit exogenous variation in network centrality arising from a ban on interlocking directorates of ...
The Value of Firm Networks: A Natural Experiment on Board Connections
(2021-08-03)
We present causal evidence on the effect of boardroom networks on firm value and compensation policies. We exploit a ban on interlocking directorates of Italian financial and insurance companies as exogenous variation and ...