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  1. Are All Directors Treated Equally? Evidence from Director Turnover Following Opportunistic Insider Selling.Sander De Groote, Liesbeth Bruynseels & Ann Gaeremynck - 2022 - Journal of Business Ethics 185 (1):185-207.
    This study investigates the likelihood of director turnover following opportunistic insider selling. Given that opportunistic insider selling may be costly to a firm due to potential legal risk and firm legitimacy concerns, we hypothesize that directors engaging in this type of transactions have a higher likelihood of subsequently leaving the board. Using archival data of 11,409 directors in 2280 US firms from 2005 to 2014, univariate comparisons show that directors engaging in opportunistic insider selling are about 8% more likely to (...)
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