Little research exists on matching CEOs and directors. We find female independent directors (IDs) strengthen the benefits of overconfident (OC) CEOs. Female IDs reduce excess capital expenditures and less profitable acquisitions, increase R&D, and mitigate excessive risk taking. They impose grea...
Keywords:
Female independent directors, Gender-diverse board, Directors’ death, Male independent directors, Board Independence, Overconfident CEOs, Firm performance, Over-investment, SOX, SOX compliant firms
