Utilize este identificador para referenciar este registo: http://hdl.handle.net/10071/23716
Autoria: Barrios, J.
Bianchi, P.
Isidro, H.
Nanda, D.
Data: 2022
Título próprio: Boards of a feather: Homophily in foreign director appointments around the world
Título da revista: Journal of Accounting Research
Volume: 60
Número: 4
Paginação: 1293 - 1335
Referência bibliográfica: Barrios, J., Bianchi, P., Isidro, H., & Nanda, D. (2022). Boards of a feather: Homophily in foreign director appointments around the world. Journal of Accounting Research, 60(4), 1293-1335. http://dx.doi.org/10.1111/1475-679X.12416
ISSN: 0021-8456
DOI (Digital Object Identifier): 10.1111/1475-679X.12416
Palavras-chave: Corporate governance
Foreign directors
Gravity model
Homophily
Culture
IFRS
Gender quota
Resumo: We examine how similarity in institutional, legal, and social characteristics between a firm’s and its directors’ home countries, i.e., country-pair homophily, affects foreign director appointments. We estimate a gravity model that includes economic and geographic proximity and find that country-pair homophily is a significant determinant of foreign director appointments to corporate boards. We also find that country-pair homophily affects the appointments of foreign directors originating from high at firm located in low governance countries, which may limit the role of board internationalization in the global convergence of governance practices. We utilize the international IFRS adoption and Norway’s gender-quota rule to observe variation in foreign director appointments and assess the importance of country-pair homophily to explain that variation. We find that both events led firms to appoint more foreign directors originating from countries that are institutionally, socially, and culturally more similar to their own domicile country, attesting to the importance of homophily in foreign director appointments.
Arbitragem científica: yes
Acesso: Acesso Aberto
Aparece nas coleções:BRU-RI - Artigos em revistas científicas internacionais com arbitragem científica

Ficheiros deste registo:
Ficheiro TamanhoFormato 
article_84641.pdf2,11 MBAdobe PDFVer/Abrir


FacebookTwitterDeliciousLinkedInDiggGoogle BookmarksMySpaceOrkut
Formato BibTex mendeley Endnote Logotipo do DeGóis Logotipo do Orcid 

Todos os registos no repositório estão protegidos por leis de copyright, com todos os direitos reservados.