Research seminars

Independent Boards and Innovation

Finance

Speaker: Gustavo Manso
Berkeley

4 June 2015


Much research has suggested that independent boards of directors are more effective in reducing agency costs and improving firm governance. Less clear, however, is how independent boards influence innovation search strategies. Relying on regulatory changes that required shareholders to appoint a majority of independent directors, we demonstrate that firms that transition to independent boards are less likely to explore uncrowded and unfamiliar technologies. Such firms patent more and get more citations to their patents, though the increase comes mainly from patents in the middle of the citation distribution; the numbers of uncited and highly cited patents do not change significantly

Finance

Speaker: Xavier Gabaix

13 June 2019 - T104 - From 2:00 pm to 3:15 pm


Finance

Speaker: Adriano Rampini

23 May 2019 - T105 - From 2:00 pm to 3:15 pm


Finance

Speaker: Luke Taylor

16 May 2019 - T105 - From 2:00 pm to 3:15 pm


Finance

Speaker: Jessica Jeffers

18 April 2019 - T104 - From 2:00 pm to 3:15 pm


Finance

Speaker: Emil Verner

4 April 2019 - T104 - From 2:00 pm to 3:15 pm



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