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  1. Naive independent directors, corporate governance and firm performance.Gaocai Chen, Xiangyu Chen & Peng Wan - 2022 - Frontiers in Psychology 13.
    This paper mainly explores the effect of naive independent directors on firm performance. Using hand-collected data on Chinese listed companies, this study finds that the proportion of naive independent directors is positively associated with firm performance, and an increased proportion of naive independent directors reduce the probability of tunneling of controlling shareholders and financial distress. The findings are robust after using alternative explanatory variables and retro-causality tests. Furthermore, the relation between naive independent directors and firm performance mainly existed in firms (...)
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