What's in a name? The valuation effect of directors’ sharing of surnames

Using surname sharing as a novel measure of social ties, we examine the effect of directors’ surname sharing on firm value. We find that boards with greater surname homogeneity are associated with lower firm value. This finding is not driven by familial ties. The negative effect of surname sharing o...

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Veröffentlicht in:	Journal of banking & finance Jg. 122; S. 105991
Hauptverfasser:	Tan, Youchao, Xiao, Jason, (Colin) Zeng, Cheng, Zou, Hong
Format:	Journal Article
Sprache:	Englisch
Veröffentlicht:	Elsevier B.V 01.01.2021
Schlagworte:	Board diversity Board voting Firm value Social tie Surname M14 Board diversity Firm value G32 G02 Social tie Surname Board voting
ISSN:	0378-4266, 1872-6372
Online-Zugang:	Volltext
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