The Composition Of Corporate Boards Of Directors: Does Industry Matter?
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Keywords
Corporate Governance, Board of Directors, Board Characteristics, Industry
Abstract
The purpose of this study is to identify and examine differences in corporate board characteristics across four industries. Using a sample of 2592 US publicly traded firms, eleven board characteristics were identified and then examined across manufacturing, retail trade, finance/insurance, and services industries. Our analyses revealed significant differences in each of the eleven board characteristics examined. Implications and areas for future research are discussed.
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