Federal ID: 91-6001537
ISSN: 0022-1090 (Print) | 1756-6916 (Online)
Independent Director Tenure and Corporate Governance: Evidence from Insider Trading
Meng Gao and Sheng Huang ♦ Executives trade more profitably and opportunistically over the course of the tenure of independent directors (IDs). IDs’ increased connections with and hence allegiance to executives are likely the channel through which ID tenure can…