2013
DOI: 10.1016/j.jfineco.2012.04.011
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What do boards really do? Evidence from minutes of board meetings

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Cited by 254 publications
(102 citation statements)
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“…To account for China's unique institutional context, we also control for whether the firm is a SOE , and whether a director has foreign experience because exposure to developed socioeconomic institutions may affect one's willing to voice dissent. Lastly, in following the recent literature on inner workings of boards (Schwartz‐ziv and Weisbach, ), in director‐vote analyses, we also include topic‐subject fixed effects to capture variations that might be driven by particular issues under discussion, such as executive turnover, executive compensation, financial report, related party transaction, credit guarantee, investment and acquisition, auditing, equity issuance, financing, sale of assets, and reform in non‐tradable shares.…”
Section: Methodsmentioning
confidence: 99%
“…To account for China's unique institutional context, we also control for whether the firm is a SOE , and whether a director has foreign experience because exposure to developed socioeconomic institutions may affect one's willing to voice dissent. Lastly, in following the recent literature on inner workings of boards (Schwartz‐ziv and Weisbach, ), in director‐vote analyses, we also include topic‐subject fixed effects to capture variations that might be driven by particular issues under discussion, such as executive turnover, executive compensation, financial report, related party transaction, credit guarantee, investment and acquisition, auditing, equity issuance, financing, sale of assets, and reform in non‐tradable shares.…”
Section: Methodsmentioning
confidence: 99%
“…More recently, other types of qualitative analysis have started to become more broadly used. For example, Schwartz‐Ziva and Weisbach () analyse board meeting minutes, while Beshears et al . () conduct a field experiment on savings decisions by 401(k) plan members.…”
Section: Methods and Samplementioning
confidence: 99%
“…Future studies should attempt to "opening the black box" of governance, particularly the decision processes of the board (Huse et al, 2011). A number of qualitative methods for data collection and analysis may be used to explore processes and dynamics, for example, interviews, case studies, text analysis, participant observation, and video or type recording (e.g., Bezemer, Nicholson, & Pugliese, 2018;McNulty & Pettigrew, 1999;Ravasi & Zattoni, 2006;Schwartz-Ziv, 2013;Tuggle, Sirmon, Reutzel, & Bierman, 2010). Utilizing these tools, scholars can improve our knowledge on several interesting topics, such as how board demography affects internal processes and-through this-…”
Section: Input-output Versus Process Modelsmentioning
confidence: 99%