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Faso Food and Drug Administration (Faso FDA): strengthening regulatory systems for public health protection in Burkina Faso. [PDF]
Ouoba K +5 more
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Independent boards and innovation
Journal of Financial Economics, 2017Abstract Much research has suggested that independent boards of directors are more effective in reducing agency costs and improving firm governance. How they influence innovation is less clear. Relying on regulatory changes, we show that firms that transition to independent boards focus on more crowded and familiar areas of technology.
BALSMEIER, Benjamin +2 more
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Board independence and corporate investments
Review of Financial Economics, 2015AbstractThis research investigates whether and how board independence influences corporate investment decisions in a Seemingly Unrelated Regression (SUR) framework, where the capital investment and the research and development (R&D) investment are examined simultaneously.
Jun Lu, Wei Wang
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The Independent Payment Advisory Board
New England Journal of Medicine, 2010The Patient Protection and Affordable Care Act creates an Independent Payment Advisory Board (IPAB) to ensure that Medicare spending doesn't grow too quickly and to make recommendations about controlling national health care costs. Timothy Jost explores the IPAB's structure, mission, and challenges.
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Independence in Executive Suites and Board Independence
2013We investigate how governance in executive suites is impacted by other governance mechanisms. We use the independent board requirement as an exogenous shock reducing CEO influence in the boardroom. CEOs of the treated firms may attempt to recoup the loss of influence by building a team of “less independent” executives.
E. Han Kim, Yao Lu
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Auditor independence and the new independence standards board
Journal of Corporate Accounting & Finance, 1998AbstractIn search of additional fees, big accounting firms now offer “extended” audit services to corporate clients, including both external and internal audit functions. But there have been no new guidelines to keep auditors independent and truly impartial. However, that may soon change.
Robert W. Rouse, Gary Previts
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Hiring Cheerleaders: Board Appointments of 'Independent' Directors [PDF]
We use a unique, hand-collected database of independent directors to provide evidence that firms appoint independent directors who are overly sympathetic to management, while still technically independent according to regulatory definitions. We explore a subset of independent directors for whom we have detailed, micro-level data on their views ...
Lauren Cohen +2 more
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