The effects of board size and ‘busy’ directors on the market value of Italian companies

By Roberto Di Pietra, Christos A. Grambovas, Ivana Raonic, A. Riccaboni. 2008

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Does the presence of independent and female directors impact firm performance? A multi-country study of board diversity (2016, background): “At the board level, we control board size, number of board meetings, and CEO/chair duality (e.g., Di Pietra et al. 2008; Finkelstein and D’aveni 1994; Florackis and Ozkan 2009).”
Board reputation attributes and corporate social performance: an empirical investigation of the US Best Corporate Citizens (2011, background): “Nevertheless, recent discussion (Di Pietra et al. 2008) suggests that independent directors may not properly fulﬁl their functions if they serve on too many boards, as they cannot adequately comply with all their duties.”