Knights and dames on the board of directors

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dc.contributor.author Li, Qi en
dc.contributor.author Ma, Diandian en
dc.contributor.author Scott, T en
dc.date.accessioned 2018-10-02T22:29:06Z en
dc.date.issued 2019 en
dc.identifier.issn 1030-9616 en
dc.identifier.uri http://hdl.handle.net/2292/38340 en
dc.description.abstract Purpose New Zealand reintroduced titular honours (i.e. knighthoods and damehoods) in 2009. We document the prevalence of knights and dames on the board of directors. Design/methodology/approach We use a probit regression to investigate what firm characteristics are significantly associated with having a knight or dame on the board of directors. Findings We find 19 of 112 companies have a knight or dame on the board. These companies are bigger and have larger and more independent boards than other companies. We also find a knight or dame is more likely to serve in companies that have higher dividend yields. Research limitations/implications The generalisability of our results is limited by the small number of knights and dames on the boards of listed companies and our archival regression approach. Although we document an association, we cannot prove causation. Originality/value We show that directors with greater and easily visible reputational capital are more likely to supply their services to companies that mitigate risks to their reputation and protect minority shareholder interests. en
dc.publisher Emerald en
dc.relation.ispartofseries Accounting Research Journal en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. en
dc.rights.uri https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm en
dc.title Knights and dames on the board of directors en
dc.type Journal Article en
dc.identifier.doi 10.1108/ARJ-06-2017-0100 en
pubs.issue 2 en
pubs.begin-page 295 en
pubs.volume 32 en
dc.rights.holder Copyright: The author en
pubs.end-page 310 en
dc.rights.accessrights http://purl.org/eprint/accessRights/RestrictedAccess en
pubs.subtype Article en
pubs.elements-id 706931 en
pubs.org-id Business and Economics en
pubs.org-id Accounting and Finance en
pubs.org-id Graduate School of Management en
pubs.org-id Business Masters en
pubs.online-publication-date 2019-07-01 en


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