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dc.contributor.advisorBrochet, Francoisen_US
dc.contributor.authorJiang, Yijingen_US
dc.date.accessioned2021-10-06T15:08:31Z
dc.date.available2021-10-06T15:08:31Z
dc.date.issued2021
dc.identifier.urihttps://hdl.handle.net/2144/43115
dc.description.abstractThis study examines board meetings’ role in reducing the information gap between managers and independent directors. Using abnormal returns to insider trades as a proxy for insiders’ information level, I find no association between board meetings and the manager-director information gap for the pre-2003 period. However, in the post-2003 period, board meetings significantly increase directors’ information level relative to that of managers. I next identify that board meetings’ informational role is driven by the 2003 NASDAQ and NYSE board independence requirements. Further analyses support a causal link between board meetings and the smaller manager-director information gap post-2003. Furthermore, board meetings’ information role is more pronounced for directors who are relatively new to the firm, diverse directors, directors with outside connections, and directors sitting on certain committees. Lastly, using a subsample of firms that voluntarily disclose disaggregated information on board meetings, I find that the form of board meetings also matters: in-person board meetings reduce the manager-director information gap, while remote board meetings do not. Overall, board meetings’ informational efficacy depends on mandatory board independence, independent directors’ characteristics, and board meetings’ organizational forms.en_US
dc.language.isoen_US
dc.subjectAccountingen_US
dc.subjectBoard meetingsen_US
dc.subjectCorporate governanceen_US
dc.subjectIndependent directorsen_US
dc.subjectInformation asymmetryen_US
dc.subjectInsider tradingen_US
dc.titleBoard meetings and the information gap between managers and independent directorsen_US
dc.typeThesis/Dissertationen_US
dc.date.updated2021-09-27T16:05:14Z
etd.degree.nameDoctor of Philosophyen_US
etd.degree.leveldoctoralen_US
etd.degree.disciplineManagementen_US
etd.degree.grantorBoston Universityen_US
dc.identifier.orcid0000-0003-0549-0021


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