This project investigates the impact of director reputational incentives in the labour market on director monitoring, corporate governance, and firm performance. Hand-collecting a sample of retired CEO directors, we study the impact of their CEO retirement announcements on the value of the firms in which they continue to hold outside directorships, and whether post-retirement diminishing incentives in the director labour market wield real impact on the quality and intensity of retired CEO director monitoring and on governance. We aim at providing direct and empirical evidence of the incentives of independent directors on firm governance and performance.
Project Title: Director Incentives in the Labour Market, Corporate Governance, and Firm Performance
PI: Bang Dang Nguyen