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Campello, Murillo; Ferrés, Daniel; Ormazabal, Gaizka (Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2015)

Stock market reactions to news of cartel prosecutions are muted when indicted firms have a highproportion of independent directors serving on their boards. This finding is robust to self-selectionand is more pronounced ...

Whistleblowers on the board? The role of independent directors in cartel prosecutions

Campello, Murillo; Ferrés, Daniel; Ormazabal, Gaizka (Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2017)

Stock market reactions to news of cartel prosecutions are muted when indicted firms have a high proportion of independent directors serving on their boards. This finding is robust to self-selection and is more pronounced ...

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