Business Professors in the Boardroom: Can they walk-the-talk?

Wei Huang, Belaynesh Teklay

Research output: Journal PublicationArticlepeer-review

5 Citations (Scopus)


This paper explicitly tests the influences of Business Professor Independent Directors (BPIDs) on firm agency costs and investment efficiency using the Chinese setting. We reveal that BPIDs enhance minority shareholder protections from the controlling shareholder-manager coalition at the cost of firm investment efficiency. These findings are in line with BPIDs’ high ethical standards and reputational concerns but lack of industry experience.

Original languageEnglish
Article number101590
JournalFinance Research Letters
Publication statusPublished - Mar 2021


  • Academic independent directors
  • Agency costs
  • China
  • Investment

ASJC Scopus subject areas

  • Finance


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