Posted by Luke C.D. Stein and Hong Zhao, Arizona State University, on Thursday, June 15, 2017 Editor’s Note: Luke C.D. Stein is Assistant Professor of Finance and Hong Zhao is a PhD candidate in Finance at the Arizona State University W. P. Carey School of Business. This post is based on a recent paper authored by Professor Stein and Mr. Zhao. A board needs its members to be attentive to effectively fulfill its advisory and monitoring roles, but directors inevitably have outside obligations, w.. show all text
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