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Journal description
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Details for article 4 of 9 found articles
| Title: |
Herding behavior and board effectiveness |
| Author: |
González F., Maximiliano |
| Appeared in: |
Academia |
| Paging: | Volume 2006 (2006) nr. 36 pages 82-100 |
| Year: |
2006 |
| Contents: |
In this study, I argue that independent directors tend to follow a board leader. I theoretically analyze this behavior and show that under normal circumstances there is a tendency for board members to herd. Herding is inefficient because the information contained in the signals that directors´ receive is not aggregated and therefore it is wasted. Herding may be one of the reasons that no empirical relation exists between board composition and firm performance |
| Publisher: |
Universidad de los Andes (provided by DOAJ) |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 4 of 9 found articles
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