Category: RESEARCH
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OVERBOARDED – JMP
I study overboarded (or busy) directors, documenting differences by gender in their effects on environmental and social ratings, with female directors having negative impacts. I build on a generalization of a theoretical model on team theory, dividing directors by two characteristics (gender and busyness) into four types: busy female, busy male, non-busy female, non-busy male.…
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CORPORATE GOVERNANCE NETWORKS AND FINANCIAL PERFORMANCE
I investigate the simultaneous impact of the connections across firms generated by both common ownership and board of directors on financial performance of firms. By using network connectedness measures, I find that ownership connectedness increases firms’ ROA by 0.12%, while, boardroom connectedness decreases it by 0.07%. The two most significant contributors are the three largest…
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TOXIC CHEMICALS GOVERNANCE
American companies are among the largest producers of chemical products. In this paper, I find that US firms in the chemical industry experience: i) significant costs in adding common directors to their boardrooms, ii) obtain a benefit relying on their joint partners, iii) prefer to form ties with similar firms, and iv) do not prefer…
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SOCIAL AND NATURAL CAPITAL
We use four different measures of natural capital capturing different aspects of conservation biology, to study their relationship to social capital across Italian regions and provinces. We document a negative relation between social capital and natural capital. Provinces where the judiciary system is efficient, contribute to the negative effect of social capital on natural capital,…