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| Author: | Oxelheim, L. Randöy, T. |
| Title: | The impact of foreign board membership on firm value |
| Journal: | Journal of Banking and Finance
2003 : DEC, VOL. 27:12, p. 2369-2392 |
| Index terms: | Corporate governance Globalization Board of directors Cross-cultural studies Scandinavia |
| Language: | eng |
| Abstract: | The authors examine the effct of foreign (Anglo-American) board membership on corporate performance measured in terms of firm value (Tobin's Q). Using a sample of firms with headquarters in Norway or Sweden the study indicates s significantly higher value for firms that have outsider Anglo-American board member(s), after a variety of firm-specific and corporate governance related factors have been controlled for. |
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