firm value

Key talents, such as executives and innovators, play a crucial role in driving a firm’s success and shaping public perceptions of its operations. However, such talents can also pose a risk to their firms. HKUST’s Yan J ...

We examine the impact of corporate board reforms on firm value in 41 countries. Using a difference-in-differences design, we find that board reforms increase firm value. Reforms involving board and audit committee independence, bu ...

When firms announce they will repurchase shares, the market tends to see this as good news and responds positively – even though there is no requirement on the firm to actually repurchase. In fact, a number of firms never do ...