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• W2056500369 abstract "This study suggests that firms in highly competitive industries should have fewer outside board members, whereas companies operating in less competitive industries should have more outside directors. Specifically, we argue that board independence is less relevant or even redundant in highly competitive industries, where the firm is already monitored by a competitive product market. Using publicly traded Swedish firms for empirical testing, this study finds that board independence reduces firm performance in industries with highly competitive product markets. On the other hand, board independence enhances firm performance among companies facing less competitive product markets." @default.
• W2056500369 created "2016-06-24" @default.
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• W2056500369 date "2004-07-09" @default.
• W2056500369 modified "2023-10-18" @default.
• W2056500369 title "Board Independence and Product Market Competition in Swedish Firms" @default.
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• W2056500369 hasPublicationYear "2004" @default.
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