| dc.contributor | 財管系 | |
| dc.creator (作者) | 陳聖賢 | |
| dc.creator (作者) | Chen, Sheng-Syan | |
| dc.creator (作者) | Chen, Yan-Shing | |
| dc.creator (作者) | Kang, Jun-Koo | |
| dc.creator (作者) | Peng, Shu-Cing | |
| dc.date (日期) | 2019-01 | |
| dc.date.accessioned | 30-Jul-2020 14:30:32 (UTC+8) | - |
| dc.date.available | 30-Jul-2020 14:30:32 (UTC+8) | - |
| dc.date.issued (上傳時間) | 30-Jul-2020 14:30:32 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/130815 | - |
| dc.description.abstract (摘要) | 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. | |
| dc.format.extent | 909117 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Journal of Financial Economics | |
| dc.subject (關鍵詞) | Permanent normal trade relations ; China-related experience ; Board structure ; Advisory role ; Investment decision ; Announcement return ; Operating performance ; Director labor market | |
| dc.title (題名) | Board Structure, Director Expertise, and Advisory Role of Outside Directors | |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.2139/ssrn.3128764 | |
| dc.doi.uri (DOI) | http://dx.doi.org/10.2139/ssrn.3128764 | |
