Recent research by Martin Gregor on corporate boards is now featured in UCLA Anderson Review. The article in the review explains the core result of the research, namely that skeptical corporate boards curb excessive investments. The analysis also shows that skeptical boards distort decisions on routine projects, and that the optimal boards are either neutral or relatively highly (but not extremely) skeptical. The article is written by Michael Totty, a former news editor with the Wall Street Journal.
The research is a joint work of Martin Gregor and Beatrice Michaeli (UCLA); its most recent version is available at SSRN. The paper has been recently presented at leading business schools, including Chicago Booth School of Business, Yale School of Management and NYU Stern School of Business.
Autor - Barbora Holková