Essays on board of directors composition and firm outcomes

This thesis focuses in understanding the relationship between board of directors’ composition and firm outcomes. Chapter 1 investigates how US firms board of directors responded to a quasi-exogenous shift in the cyber risk environment as proxied by the General Data Protection Regulation (GDPR) and f...

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Detalhes bibliográficos
Autor: Manini, Raffaele
Formato: tesis doctoral
Estado:Versión publicada
Fecha de publicación:2023
País:España
Recursos:CBUC, CESCA
Repositorio:TDR. Tesis Doctorales en Red
OAI Identifier:oai:www.tdx.cat:10803/687591
Acesso em linha:http://hdl.handle.net/10803/687591
Access Level:acceso abierto
Palavra-chave:Board of directors
Junta directiva
Firm outcomes
Resultados de la empresa
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Descrição
Resumo:This thesis focuses in understanding the relationship between board of directors’ composition and firm outcomes. Chapter 1 investigates how US firms board of directors responded to a quasi-exogenous shift in the cyber risk environment as proxied by the General Data Protection Regulation (GDPR) and finds that those firms that are more affected by the regulatory shock tend to increase their focus on cyber-risk, add more directors with Cyber expertise on the board and assign more frequently the monitoring of cyber-risk to the board as a whole or to a specialized board committee. Chapter 2 instead, introduces the new dimension of board of directors’ skill-sets fit to try to contribute to the empirical literature addressing the relationship between board of directors’ composition and firm performance. This chapter shows that those firms presenting a board of directors fit dimension both on its internal and external fit dimensions perform better than their peers.