Financial Expertise of Directors

By A. Burak Güner, Ulrike Malmendier, Geoffrey A. Tate, Alexander P. Ljungqvist, Ernst Maug, Stefan Nagel, Philip E. Strahan, Justin Fernandez, G. Georgiev, Vaibhav Gupta and 10 more. 2008

859 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/0d27b1867df090ce081439a6894c391a1aca4d97

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Asli Demirgüç-Kunt
2. Meghana Ayyagari
3. Vojislav Maksimovic
4. Iftekhar Hasan
5. Thorsten Beck
6. Bill Francis
7. V. Atanasov
8. Haithem Nagati

In Finance

1. Asli Demirgüç-Kunt
2. Iftekhar Hasan
3. Vojislav Maksimovic
4. Meghana Ayyagari
5. V. Atanasov
6. Thorsten Beck
7. Salim Darmadi
8. Bernard S. Black

Citations in the corpus

• Risk Management, Corporate Governance, and Bank Performance in the Financial Crisis (2012, neutral): “For the second group of (another five) hand-collected corporate/ risk governance variables, which provide more detailed information on the risk committee and on the line of reporting of the CRO, we target the 86 banks for which the corporate governance index, or G-Index, of Gompers et al. (2003) is ”
• Board Members’ Education and Firm Performance: Evidence from a Developing Economy (2013, background): “A number of previous empirical studies provide evidence that the educational level of upper echelons is positively associated with financial performance, such as Hambrick et al. (1996), Jalbert et al.”
• Board Expertise: Do Directors from Related Industries Help Bridge the Information Gap? (2014, neutral): “…advice and shows, for instance, that directors are particularly sought for advice when the firm is complex or when they can provide contacts, financial expertise, and political influence (e.g., Coles, Daniel, and Naveen 2008; Güner, Malmendier, and Tate 2008; Goldman, Rocholl, and So 2009, 2013).”
• Financial Expertise of the Board, Risk Taking, and Performance: Evidence from Bank Holding Companies (2014, neutral): “Similar to Güner et al. (2008), an independent director is classified as a financial expert if he or she i) has held an executive position at a banking institution (Former bank executive), ii) holds an executive position at a nonbank financial institution (Executive of nonbank financials), iii)…”
• Why do firms appoint CEOs as outside directors (2010, neutral): “6 E.g., Agrawal and Knoeber (2001), Booth and Deli (1999), Güner, Malmendier, and Tate (2008), and Masulis and Mobbs (2008).”
• Professors in the Boardroom and Their Impact on Corporate Governance and Firm Performance: Professors in the Boardroom (2014, background): “Several papers, such as Guner, Malmendier, and Tate (2008), discuss the impact of financial expertise on corporate decision-making.”
• Financial Expert CEOs: CEO’s Work Experience and Firm’s Financial Policies (2014, positive): “Specifications (1) and (2) follow the same controls as in Guner, Malmendier, and Tate (2008).”
• Cooking the books : recipes and costs of falsified financial statements in China (2011, neutral): “14 In a different context, Guner et al. (2008) show that increasing financial expertise on U.”
• The board's role in risk disclosure: an exploratory study of Italian listed state-owned enterprises (2016, background): “There is a scarcity of evidence on the relationship between educational background and effectiveness (Güner et al., 2008).”
• The Value of Independent Directors: Evidence from Sudden Deaths (2010, background): “See, for example, Adams and Ferreira (2007) for a theoretical model showing interaction between monitoring and advisory roles, and Güner, Malmendier, and Tate (2008) and Dittmann, Maug, and Schneider (2008) for empirical evidence on the financial expertise of directors.”