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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Bibliographic Details

Published in:	Journal of banking & finance Vol. 122; p. 105991
Main Authors:	Tan, Youchao, Xiao, Jason, (Colin) Zeng, Cheng, Zou, Hong
Format:	Journal Article
Language:	English
Published:	Elsevier B.V 01.01.2021
Subjects:	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 Access:	Get full text
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